Sir in the class said that IPS is not reviewed when the capital market expectation changes but is reviewed when the client’s circumstances change.
But in Sections of IPS, we have appendices where SAA is mentioned. Since when CME changes, SAA changes and so IPS should also be updated due to change in SAA.
Can anyone explain this dilemma?
CME changes overtime but IPS will change if the client’s expectations have changed. We have to evaluate how the new CME is going to effect on our needs and expectations of the portfolio.
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