Investment Objectives for an IPS

You are a financial advisor working with a high-net-worth client named Robert, who recently inherited a substantial sum of money amounting to $5 million. During your initial meeting, Robert expresses his desire to maintain a balanced portfolio that not only preserves capital but also grows it over time. He indicates that he has a moderate risk tolerance and is particularly interested in socially responsible investments.

Given Robert's financial situation and investment goals, you understand the importance of creating a well-structured Investment Policy Statement (IPS). Which of the following considerations should be prioritized when defining the investment objectives in the IPS?