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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Effective

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Archived

Effective: 1 January, 2006 - 31 December, 2019

Categories: Wrap Fee Portfolios

Source: Guidance Statement for Wrap Fee/SMA Portfolios

When reporting performance to a wrap fee/ SMA prospective client, may we present sponsor-specific composite performance from an existing wrap fee/SMA sponsor?

When presenting performance to a wrap fee/SMA prospective client, the firm must present a style-defined composite in order to demonstrate a full and fair picture of the firm’s ability to manage all wrap fee/SMA portfolios in the defined style. Firms may choose to present additional and/or supplemental information demonstrating the firm’s ability to manage portfolios for a specific wrap fee/SMA sponsor or group of wrap fee/SMA sponsors.