Investment Policy Questionnaire

As we begin to build your customized portfolio, we ask that you take the time to complete this questionnaire so that we may develop a better understanding of your needs, risk tolerance, and investment return expectations. Please answer the following questions thoughtfully and select the best answer that fits with your current situation and perceived future goals.

Along with your personal input and the knowledge we gain from personal consultations, we will use this questionnaire as our guide in developing an investment plan tailored to fit your comfort level while also working towards your future goals.

Feel free to contact your Portfolio Manager while completing this questionnaire if you need any guidance. We will be happy to walk you through it!

*If you are having trouble filling out our online form, please download our Investment Policy Questionnaire PDF file and submit it to us at your earliest convenience.


After careful consideration of each question, simply check the box next to the answer that best fits your current situation.

For many of the questions, there are points assigned next to each answer box. At the end of the questionnaire, please add up the selected points corresponding with your answers and compare your total with the investment objective ranges on page 10. These points will sum up your total risk score and point you to the investment objective that is most consistent with your responses.

Don’t hesitate to contact your Portfolio Manager if you have any questions.


  • Client and Family Information

  • Federal Income Tax RateState Income Tax RateDividend Tax RateLong-Term Capital Gains Tax Rate 
  • Please Specify the Type of Account(s) You Currently Own

  • Risk Tolerance Profile

    Life Cycle Position:
    Through the progression of age, the average individual advances through several investment phases while working towards the financial goal of getting to and then living in retirement. The illustration below diagrams the six different phases of an investor’s life cycle based on age and wealth.

    In the Accumulation phase, the investor is making contributions to the portfolio in an effort to save for retirement. As time moves closer to that goal, larger relative contributions, as well as market performance and volatility have a significant effect on the portfolio’s value.

    In the Distribution phase, the investor is taking distributions from the portfolio to fund expenses in retirement. While market volatility is still a factor, a larger focus should be on longevity risk and maintaining a proper allocation to ensure that the investor’s assets last throughout retirement.
    Investor Lifecycle
  • Which phase below best represents your position in the investor life cycle:
  • Financial Goals

    An important consideration when making investment decisions is where you are in your financial life cycle and how long you have before you will need to start withdrawing the assets. Through consultation with your Portfolio Manager, please indicate your portfolio’s appropriate time horizon.
    Time Horizion Examples
  • Please indicate your primary goal for your investment portfolio:
  • Please indicate your secondary goal for your investment portfolio:
  • Before you make a decision on any investment, you need to consider how you feel about the prospect of potential loss of principal. This is a basic principle of investing: the higher return you seek, the more risk you face. Based on your feelings about risk and potential returns, your goal is to?
  • Which of the following statements best describes your overall approach to investing as a means of achieving your goals?
  • The value of most investments fluctuates from year to year as well as over the short term. How would you feel if a long-term asset allocation that you committed to lost 15% - 20% of its value during the first year?
  • Realizing that any market-based investments may move up or down in value over time, with which of the hypothetical portfolios below would you feel most comfortable?
  • How would you rate your overall knowledge of investments?
  • Based on current expenses that will need to be addressed by this portfolio, what percentage of your portfolio value do you think will need to be distributed to you on an annual basis?
  • Below are the risk characteristics, in terms of possible annual downside risk, of three hypothetical diversified portfolios. Based on the information provided, please select the portfolio that is the most closely aligned with your ability to accept losses in any twelve month period.
  • Given interruptions of periodic income or other unforeseen circumstances, some individuals are forced to tap their investment resources to meet living expenses. In such an instance, how many months of living expenses could be covered by your current liquid investments?
  • Total earnings, which include earned and investment income, is a requirement when assessing your risk tolerance and determining allocation of assets. What is your total annual household income?
  • In the next five years, you expect that your earned income will probably:
  • The percentage of your total income that you currently save is approximately:
  • Estate planning is an important factor in the construction and risk tolerance of a retirement portfolio. What are your expectations with regards to future gifting:
  • Section A: Portfolio Constraints

    **Please note that the constraints, restrictions and comments noted below are for planning purposes only. Relevant restrictions and constraints must be specified on the completed Client Agreement(s) to be considered.
  • Given your personal situation, consultation with your investment advisor and the answers provided to previous questions, how would you describe the need to have highly liquid investments as a portion of your portfolio?
  • If you indicated in Question 9: “Distribution Needs” that there will be a need for annual distributions from your portfolio, please indicate the approximate annual distribution in dollars ($) that this portfolio will need to address?
  • Do you anticipate the need to withdraw a significant portion of your total portfolio’s value within the next year to meet a financial goal such as starting a business, purchasing real estate, college education funding or travel?
  • If you answered "yes", please indicate the estimated date and estimated amount.
  • Do you anticipate the need to withdraw a significant portion of your total portfolio’s value within the next one to ten years to meet a financial goal such as starting a business, purchasing real estate, college education funding or travel?
  • If you answered "yes", please indicate the estimated date and estimated amount.
  • Are there any important tax considerations or issues that should be taken into account when constructing this portfolio?
  • Are there any legal and regulatory concerns that would be a present issue in the construction of this portfolio?
  • Are there any unique circumstances (example: investment restrictions) that would present an issue in the construction of your portfolio?
  • Conclusion

  • To the best of my knowledge, the information contained in this investment policy questionnaire is both accurate and complete. I understand that any recommendations are based upon the information supplied by me.
  • This field is for validation purposes and should be left unchanged.