GIPS® Compliance Assessment
The GIPS standards are frequently changing. New editions of the GIPS standards are released periodically and, in the interim, new guidance is often issued through Guidance Statements and answers to Q&As published by CFA Institute. It can be challenging to keep up, even for firms that have claimed compliance for a long period of time – including firms that receive GIPS verification. Guardian Performance Solutions can help ease concerns about the accuracy of your firm’s claim of compliance with the GIPS standards through our GIPS Compliance Assessment services.
Guardian’s GIPS Compliance Assessment services typically include:
- Conducting detailed analysis related to the firm’s existing GIPS compliance program in order to identify any areas of weakness or that fall short of industry best practices.
- Providing consultation, recommendations, and training related to all aspects of GIPS compliance, including addressing any recent changes and how they apply to your firm.
- Delivering a comprehensive written report detailing testing conducted, findings and recommendations for improvement.
- Helping to implement desired changes to a degree not possible for a verifier who must remain independent.
GIPS® Compliance Implementation
Bringing a firm into compliance with the GIPS standards for the first time can be a difficult process. Before a firm can claim compliance with the GIPS standards, the firm must take all steps necessary to ensure that they have satisfied all applicable requirements. Several tasks must be completed including documenting and implementing GIPS policies & procedures, constructing composites, creating compliant marketing presentations, and ensuring solid controls are in place to maintain compliance. Firms that make the decision to pursue GIPS compliance can benefit from the help of the experts at Guardian who are well versed in the GIPS standards and who have worked with hundreds of other firms in the same position.
Guardian’s GIPS Compliance Implementation services cover the development of a firm’s entire GIPS compliance program, including:
- Documenting customized and comprehensive GIPS policies and procedures.
- Determining appropriate criteria for composite construction.
- Reviewing performance calculation methodologies.
- Once GIPS compliant, Guardian can assist with GIPS Compliance Maintenance