More Than 1,650 Firms Now Claim GIPS Compliance
Firms that comply with the GIPS standards are required to report to the CFA Institute annually, which allows CFA Institute the ability to track the number of firms that are currently claiming compliance. In an increase from last year, 1,653 firms now claim compliance with the GIPS standards. Of those firms, 1,440 opted to undergo an independent GIPS verification. Compliant firms also have the option to have their name listed on the GIPS website. Currently, 90% of the firms that claim compliance elect to have the name of their firm listed on the GIPS website to publicly display their commitment to industry best practices for performance presentation.