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Home Certifications Investment Policy Certification

Investment Policy Certification

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Application

Investment Model Policy Application
Investment Model Policy Maintenance Application


What Does It Mean?

APT US & C's Investment Policy Program provides public investors with guidance and technical assistance in developing a comprehensive written investment policy.

The Model Investment Policy includes elements the Association deems essential to a written investment policy, and establishes an outline upon which treasury officials may develop their own policies.

APT US & C's Investment Policy program is unique as it is the only Program that provides a review and certification component. The Model also includes an application for certification. To become certified, public treasury officials submit their government's investment policies to APT US & C for peer review and certification before it is presented to the applicant's governing board.


What are the benefits of having your Investment Policy Certified by APT US & C?

Probably the best benefit is the trust and confidence that your governing body and the public that it serves receives from knowing that you not only have taken the time to draft an Investment Policy, but you have taken the extra professional step of having the APT US & C review and certify that your policy is a professionally accepted policy.


How and Why does APT US & C certify Investment Policies?

The Investment Policy Certification Committee is comprised of 15 public and private sector volunteers to serve as reviewers. They come from across North America and are assigned to 5 teams ranging from 2 to 3 volunteers each. These teams review the submitted policies. For your policy to receive certification it must be approved by all reviewers on the 18 areas spelled out in the APT US & C model policy.

For your policy to achieve certification it must adequately address:

  1. Policy
  2. Scope
  3. Prudence
  4. Objective
  5. Delegation of Authority
  6. Ethics and Conflicts of Interest
  7. Authorized Financial Dealers and Institutions
  8. Authorized and Suitable Investments
  9. Investment Pools/Mutual Funds
  10. Collateralization
  11. Safekeeping and Custody
  12. Diversification
  13. Maximum Maturities
  14. Internal Control
  15. Performance Standards
  16. Reporting
  17. Investment Policy Adoption
  18. Glossary

If your policy does not receive an adequate score to pass, you receive the critique that will allow you to modify your policy so it will reach the professional standards required for the APT US & C certification.


Why do you want to get your policy certified?

Over the years there have been a number of financial missteps in a number of large and small entities. If these entities' Investment Policies would have been certifiable by APT US & C they most likely would have been able to avoid the pitfalls that got them into trouble.

If you create a policy that will reach certification standards set by APT US & C you will be assuring yourself and the public that you serve that you are abiding by professional standards established to ensure prudent management of their public funds.

Once your policy is certified, show your plaque to your elected officials, it will make them confident that their funds are professionally managed.

In closing, the Investment Policy Certification Committee recommends that you revisit your policy and have it reviewed and approved by your governing body annually.

The committee also recommends having your policy recertified by APT US & C every 3 years.


Questions

Any questions concerning the Investment application or the Investment maintenance application can be addressed to Roger Wisecup, who is the Treasurer of the City of Ames, and is the current chair of the APT US & C Investment Policy Certification Committee.

He can be reached by phone at (515) 239-5119, by mail at 515 Clark Avenue, Ames, IA 50010 or by e-mail at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 
 
 

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