Blankinship & Foster, LLC

This document forms the guidelines with which we manage your investment portfolio for you.  We are not brokers: we will not call you at 6 am with today’s hot stock tip.  The IPS sets out the risk and return objectives of your portfolio, and guides all other decisions, such as security selection and liquidity needs.

We craft a long-term investment strategy that is carefully designed to meet your needs.  Any future investment decisions then are a result of this strategy agreement.  Do you need more stocks?  When your portfolio is compared to the Investment Policy Statement, the answer is clear.  Should we sell stocks or bonds to meet a cash need?  Again, this question is resolved by comparing your portfolio to the Investment Policy Statement.