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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ArchivedEffective: 1 June, 2005 - 31 October, 2012Categories: FeesSource: Investment Performance Council (IPC)
How do we determine what is considered a non-fee-paying portfolio?
If a portfolio pays no management fee, it is considered a non-fee-paying portfolio. Some firms may manage portfolios that have a minimal management fee that is meant to cover operating or transaction costs. If a portfolio has a very minor management fee which is not representative of a management fee a client portfolio would pay, the firm should consider such accounts as non-fee-paying accounts.
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