A Method to Estimate Transaction Costs

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A Method to Estimate Transaction Costs
David D. Spaulding, DPS, CIPM, The Spaulding Group

The 2020 GIPS® Standards will permit compliant firms to use estimated transaction costs to derive their gross and net-of-fee returns. While this change won’t apply to most firms that comply, it will for several. And while this change is probably welcome news to many, the challenge they face is how to do it. This article* provides an approach that, while not trivial, is fairly straightforward.

A Method to Estimate Transaction Costs
David D. Spaulding, DPS, CIPM, The Spaulding Group

The 2020 GIPS® Standards will permit compliant firms to use estimated transaction costs to derive their gross and net-of-fee returns. While this change won’t apply to most firms that comply, it will for several. And while this change is probably welcome news to many, the challenge they face is how to do it. This article* provides an approach that, while not trivial, is fairly straightforward.

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