2020 GIPS Compliance Services

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. We 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.

GIPS compliance by the numbers

According to the ACA and eVestment 2018 Manager and Consultant Survey:

Number of consultants

75%

That expect to require alternative asset managers to comply with the GIPS standards

Number of consultants/investors

94%

that believe more pension funds, foundations, endowments and other asset owners will claim compliance with the 2020 GIPS standards

Number of consultants/investors

75%

that exclude managers from searches some or all of the time if they do not claim GIPS compliance

Our solutions

Pre-Compliance Consulting

We assist 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
  • a thorough review of your marketing and advertising disclosures
Firm-wide Verification

Our independent verifications are designed to assess whether your firm is adhering to the GIPS standards. Our 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
  • 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

We provide comprehensive, focused performance examinations of specific composite track records. Our examinations could include:

  • Whether composite calculations are in compliance with the GIPS standards 
  • 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.

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Why claim GIPS compliance?

  • Provides additional credibility in presenting performance numbers in the marketplace
  • Reinforces existing client relationships and opens doors to consultants and potential clients
  • Fosters comparability of investment results
  • Often required in order to be considered for institutional mandates
  • Demonstrates commitment to best practices and industry standards
  • Facilitates a solid operational foundation for performance calculation and advertising

News

ACA Group and Foreside to Join Forces

The merger will bring together two of the industry’s most well-respected GRC solutions providers. ACA and Foreside together will be positioned to transform the future of GRC, creating a world-class platform for the financial services industry.

Michael Borts joins ACA Group as the new Chief Technology Officer

Michael Borts has joined the firm as Chief Technology Officer (CTO) to lead ACA’s technology development, vision, and strategy. In his role, he will oversee all product development for ACA’s award-winning ComplianceAlpha® regulatory technology platform and technology enablement at the firm.

ACA Group Acquires Catelas to Create Industry-first 360 Surveillance Offering

The acquisition of Catelas further enhances the holistic surveillance capabilities of ACA’s RegTech platform. Catelas’ patented technology automates the mapping of how people connect and form groups within a firm, isolates collusion risk, and detects high-risk behaviors.

Upcoming events

Money Laundering Reporting Officer: The Role and Responsibilities - 30 November 2021

The role of the Money Laundering Reporting Officer (MLRO) is a mandatory position in all firms in the Financial Services Industry. This reflects the statutory objective that the Regulator(s) have for ensuring that firms behave with “Integrity”, particularly relating to financial crime prevention. The MLRO therefore plays a significant role in assisting Senior management to ensure that systems and controls relating to anti-money laundering (AML) and countering the risk of terrorist financing (CTF) are appropriate and effective. This course provides practical advice and guidance on the responsibilities of the MLRO, what is expected by the Regulators, both of the Senior Management and the MLRO, and how those responsibilities can be achieved. It should be noted that attendance at this course does assume a good knowledge of the UK’s AML/CTF regulations.

Online Training

Get Your Cyber House in Order

Our speakers will discuss how to tailor your spending and prioritize your budget to meet the needs of your firm and regulatory requirements.

Webcast

Senior Management Obligations under the SM&CR - 1 December 2021

The ever-increasing focus by the Regulators on the accountability of senior management, particularly when things go wrong, emphasises how important it is for individuals in senior positions to have a clear understanding of what is expected of them. This succinct course is designed to assist Senior Managers to have a full understanding of what they need to do to achieve compliance with the rules under the obligations created by the Senior Managers and Certification Regime (SMCR).

Online Training