Performance GIPS Compliance Services

GIPS® Compliance Services

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The Global Investment Performance Standards (GIPS®) are a set of voluntary, ethical principles that guide investment firms on how to calculate and present their investment performance. Firms across the industry are challenged not only by becoming GIPS compliant but also by maintaining such compliance. ACA Performance Services can assist your firm with overcoming these challenges by helping build and improve upon your framework for compliance as well as by providing firm-wide verifications and performance examinations.

Pre-Compliance Consulting

ACA Performance Services assists firms with developing the roadmap and building the framework to claim GIPS compliance. Our pre-compliance consulting addresses:

  • calculation methodologies;
  • policy and procedures development;
  • composite membership guidelines; and 
  • a thorough review of your marketing and advertising disclosures.

2020 GIPS Compliance Gap Analysis

ACA Performance Services can assist you in assessing the impact of the 2020 GIPS standards for your GIPS-defined firm. ACA will identify each proposed change that will impact your firm and the effort required to meet the new 2020 requirements. Each gap analysis can be highly customized based on the firm.

Firm-Wide GIPS Compliance Verification

ACA Performance Services’ independent GIPS compliance verifications are designed to assess whether your firm is adhering to the GIPS standards. ACA’s firm-wide verification services will confirm:

  • Whether your firm has complied with all the composite-construction requirements of the GIPS standards on a firm-wide basis; and
  • Whether your firm’s processes and procedures are designed to calculate and present performance results in compliance with the GIPS standards. 

Third-party verification brings credibility to the claim of compliance and supports the overall guiding principles of full disclosure and fair representation of investment performance. Many asset managers find that consultants and institutional investors require GIPS-compliant firms to be verified before moving forward in any searches.

 

Performance Examinations

ACA Performance Services provides comprehensive, focused performance examinations of specific composite track records. Our examinations could include:

  • Whether composite calculations are in compliance with the GIPS standards; and
  • Whether the composite’s compliant presentation includes all of the required statistics and disclosures of the GIPS standards.

A firm cannot claim that a particular composite has been examined unless a performance examination has been completed. A performance examination can only be conducted by a verifier after, or in conjunction with, a firm-wide verification.

performance services gips standard

Why Claim GIPS Compliance? 

GIPS Credibility 

Provides credibility in presenting performance numbers in the marketplace

GIPS opens doors

Reinforces existing client relationships and opens doors to consultants and potential clients

GIPS comparability

Fosters comparability of investment results

 

GIPS institutional mandate

Often required in order to be considered for institutional mandates

GIPS best practices

Demonstrates commitment to best practices and industry standards

GIPS operational foundation

Facilitates a solid operational foundation for performance calculation and advertising