South Carolina Business Review

Do you need an investment policy statement?

By Mike Switzer

Published October 29, 2024 at 6:30 AM EDT

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Mike Switzer, host of the South Carolina Business Review

All professional investors and money managers start their investment strategy and management programs with an investment policy statement. Our next guest says every investor should have one. And as you can probably guess, most don’t. Mike Switzer interviews Charles Flowers, a chartered financial analyst with Abacus Planning Group in Columbia, S.C.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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