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 September, 2011 - 31 December, 2019

Categories: Recordkeeping

Source: GIPS Executive Committee

I have a group of portfolios that I don’t use for advertising or marketing purposes. Must I keep the records for the portfolios in this composite as well as records for the composite itself, even if I don’t market the composite’s performance?

Yes; the firm must maintain sufficient records that allow for the recalculation of account level and composite level returns regardless of whether the accounts are used for marketing or not.