问题如下：
2. Do Benedetti’s two notes for Santalucia’s file describe the correct process for constructing an investment policy statement and for developing portfolio recommendations?
选项：
解释：
A is correct.
Neither note describes the correct process. The IPS process requires that members first identify and specify the investor’s objectives and constraints and then create the investment policy statement. Incorporating short-term economic trends into the policy statement is inappropriate. Only after the IPS has been created should members form capital market expectations and then create the strategic asset allocation. Using another client’s asset allocation from several years earlier is inappropriate because it does not include current capital market expectations.
考点：IPS
解析：第一句话，基于经济学家的短期预测写IPS是不正确的，IPS应当基于长期的、客户的自身情况“量身定制”。第二句话，采用其他客户的资产配置来给新客户投资建议是不正确的，每个客户都应该区别对待，根据客户情况制定IPS。
请问一下第二点里题目说用以前相似客户as a basis 怎么不对了？没有完全copy以前类似客户的，只是as a basis啊。谢谢
