Which is NOT appropriate for the implementation and rebalancing section of the IPS?

Group of answer choices

The investment manager should clearly outline who is responsible for implementing and rebalancing each portion of the investment portfolio.

The IPS should specify that John is responsible for the implementation of the 401k choices; the investment manager of the IPS will provide advice and document the appropriate choice in the IPS.

Rebalancing should be clearly defined and a rebalancing interval and tolerance bands should be stated in the IPS.

The rebalancing section should be silent if passive investments are used.