Answer the lonowing questions from the perspective of a financial suvisol. 1. What is an Investment Policy Statement, IPS, and what should it contain? Why is it important to develop an IPS before determining the appropriate asset mix for your client? 2. How often should you meet with or contact your client to determine whether the client's situation has changed and whether the client's IPS should be updated? What sorts of thi would require an update to a client's IPS? 3. After reading an article, your client is very excited about a new stock and wants you to ad to her portfolio. Considering your client's objectives and constraints, what must you do before adding the stock to her portfolio