Q & A Database

The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.

Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.

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Archived

Effective: 1 November, 2012 - 31 December, 2019

Categories: Wrap Fee Portfolios

Source: GIPS Handbook, 3rd Edition

Are we required to control how a wrap fee/SMA sponsor uses our firm’s presentations? What if the sponsor delivers our sponsor-specific wrap fee/SMA gross-of-fees composite performance to a wrap fee/SMA prospective client?

The GIPS standards do not impose any specific, additional requirements for a firm to monitor the use of its performance information once it has been provided to the wrap fee/SMA sponsor; however, as in all situations where the performance information of the firm is distributed by a third party, the firm should take appropriate measures to ensure that its performance is not misrepresented or used in a misleading fashion.

Please also see original Q&A