GIPS Compliance 101
The Global Investment Performance Standards (GIPS) are an ethical set of standardized, industry-wide principles that provide investment firms with guidance on how to report investment performance to prospective clients.
The Standards allow firms to compete globally and provide investors with the ability to make comparisons between investment firms.
In the institutional market, compliance with the Standards and third-party verification are de facto requirements.
Firms will have a hard time winning business if they’re not compliant and haven’t gone through a GIPS verification.
Compliance with GIPS is a way for your firm to stand out and above your competition in other markets, like retail and alternative investments, and to be sure that industry best practices are being followed. This provides internal and external benefits for the firm.
Below are some resources that can help you whether your firm is already compliant just starting to think about compliance.
GIPS compliance? Verification? Examinations? A short high-level overview of GIPS.
This short whiteboard animation gives a good overview of what compliance means and what it takes to become compliant and to be verified.
In this webinar, you will discover what you need to do to prepare for your verification.
Discover how you can get the most out of your claim of GIPS compliance.
The original draft of the GIPS standards only had firm verification, but apparently after pressure from some, what had been called “level 2 verifications” under the AIMR-PPS appeared, was added in as “examinations.” This step is NOT a level of verification; there is only ONE level and it’s called “verification” and is done at the firm level. End of story!
In this post, we reveal 10 common (non-fatal) mistakes we see compliant firms make again and again. Hopefully, this will help you avoid these mistakes.
From discretion to significant cash flows, composite construction to advertising – there is a lot that is confusing about the GIPS standards. In this post, we reveal seven of the most confusing things.
And there’s more to come…