Considerations for Ongoing GIPS® Compliance

January 2, 2015 by  
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Compliance with the GIPS® standards is not a one-time exercise that, once completed, can be permanently checked off a firm’s to-do list.  Once GIPS® compliance has been achieved, it is essential to maintain compliance on an ongoing basis. There are tasks that must be completed on a monthly and annually basis in order to maintain compliance. 

Monthly

Portfolio Performance Calculations

  • Compile and calculate portfolio returns
  • Review returns for accuracy (test on a sample basis)
  • Load portfolio returns into composite management system

Composite Construction

  • Compilation/review of composite membership list
  • Identify new, terminated and changed accounts and confirm appropriate composite assignment
    • Confirm supporting documentation is on file for membership changes

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