Create IPS

IPS assignment: You are a high-net worth money manager working alone or with one partner and an assistant as an independent SEC-chartered RIA with $200 million in AUM and 25 years in the business. Your custodian is Charles Schwab. The IPS is intended to be presented as a sales pitch to a fictional married couple in their mid-40s with the following considerations

• Assets
  • $2 million in investable assets
  • A $1.25 million house in Stamford with a $700,000 23-year fixed-rate mortgage
  • A $350,000 fully paid ski condo in Stratton
• Dual $200,000 incomes working mid-level in the back office of the same hedge fund with offices only in Greenwich and New York
• Triplet 12-year old healthy children (two girls and a boy who are all avid ski racers)
• No formal college savings accounts
• IRAs worth $80,000 each that are 100% in growth stocks
• All four of their parents passed away in their 60s and 70s due to cancer and heart attacks
• The couple has had breast and prostate cancer themselves
• They do not have life insurance
• They have health insurance from their employer
• They hope to retire at 65