The Investment Policy Statement is a great tool CLS provides for our advisors. It is a comprehensive report to share with your client detailing the client’s risk budget, investment strategy, and initial portfolio allocation. The report also includes information on CLS’s Investment Committee, general investment information (such as keys to successful investing and a glossary), and a personalized letter from you.
Investment Policy Statements are available for CLS Advisors. Please contact us if you would like to have a complementary IPS produced for a specific client.
The decision to move your business from commissions to advisory fees lets you focus on serving your clients and helping them – and you – achieve long-term financial goals. CLS can assist your transition to the win-win partnership of fee-based service, after all, we were founded by an investment advisor and truly understand how the advisor business functions. We suggest you begin with existing clients, and those most open to changing their fee structure. Prior to bringing up fee structure changes with your clients, take time to reevaluate their financial objectives and ensure the clients are eligible for CLS advisory service. With a list of potential advisory fee clients in hand, begin the conversion with education on the benefits of fee-based service.
For additional information on becoming a CLS fee-based advisor, including sample client communications, contact us.