FAQ

Q: What are the GIPS® Standards?

A: 

  • The GIPS® standards are a set of standardized, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report their investment results to prospective clients.
  • For more information, visit www.gipsstandards.org
  • For a copy of the 2010 edition of the GIPS® standards, click here
Q: Why would a firm claim compliance with the GIPS® standards?

A: 

There are many reasons why a firm would choose to comply with the GIPS® standards, including:

  • A desire to follow best practices
  • To improve internal controls and implement consistent processes
  • To ease comparability with other investment managers
  • Regulators do not require compliance, but compliance is generally expected (compliance is considered the norm)
  • Pressure from clients, prospects, and consultants
  • Potential lost business due to non-compliance
Q: What is verification and does Guardian offer verification?

A: 

Verification is the process by which an independent verifier assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS® standards on a firm-wide basis, and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS® standards. Verification does not ensure the accuracy of any specific composite presentation.

Guardian does not offer verification, which frees us from independence concerns and allows us to take a hands‐on approach to developing, implementing and managing the GIPS® compliance process.

For more information, click here

Q: What is the CIPM® designation?

A: 

The Certificate in Investment Performance Measurement (CIPM) designation is the investment industry’s only credential dedicated to investment performance analysis and presentation.

For more information, click here