Which of the following it least important as a reason for a written investment policy statement (IPS)? Use IPS may be required by regulation. Having a written IPS is part of best practice for a portfolio manager. Having a written IPS ensures the dient's ride and return objectives can be achieved. Which of the following bat describes the underlying rationale for a written investment policy statement (IPS)? A written IPS communicates a plan for trying to achieve investment success. A written IPS provides investment managers with a ready defend sc against dient lawsuits. A written IPS allows investment managers to instruct dients about the proper use and purpose of investments. A written investment policy statement (IPS) is mat likely to succeed if; Created by a software program to assure consistent quality. It is a collaborative effort of the client and the portfolio manager. It reflects the investment philosophy of the portfolio manager