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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1 Result
  • Archived

    Effective: 1 January, 2006 - 31 October, 2012
    Categories: Wrap Fee Portfolios
    Source: Guidance Statement for Wrap Fee/SMA Portfolios

    Does this guidance mean we have 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 prospect?

    No; this guidance does not impose any specific, additional requirements for an investment management firm to monitor the use of their performance information once it has been provided to the wrap fee/SMA sponsor; however, as in all situations where the performance information of the investment management firm is distributed by a third party, the firm should take appropriate measures to ensure that their performance is not misrepresented or used in a misleading fashion.

    Please also see updated Q&A