Global Investment Performance Standards (GIPS) for Investment Advisers

Course Description:

This session is designed to provide an overview of the Global Investment Performance Standards (GIPS®), including:

  • How the GIPS standards began and the concept of composite performance
  • The fundamentals of compliance, including defining the firm, defining discretion, composite construction, performance calculation, and creating a compliant presentation
  • Guidance on what is required of a firm that claims compliance with the GIPS standards
  • Benefits of compliance, both to the advisory firm and the investing public
  • Requirements for maintaining compliance on an ongoing basis
  • Explanation of the GIPS verification process and what it entails
  • Introduction to advanced topics such as portability, error correction, and how the GIPS standards are applied to alternative investment products.
  • Understanding of how the GIPS standards relate to regulatory requirements for performance advertising

Topics, among others, to be discussed include:

Defining GIPS; history of GIPS; guidance on claiming compliance; testing compliance; benefits of GIPS; SEC oversight of compliance; introduction of advanced topics including portability, error correction, and application to alternative investment products.

Learning Objectives:

After attending this course, attendees should be able to:

  • Identify the purpose and goals of the Global Investment Performance Standards (GIPS).
  • Evaluate the fundamental requirements that must be met before a firm can claim compliance with the GIPS standards.
  • Articulate how the GIPS standards are viewed by regulators and how the Standards relate to regulatory requirements for performance advertising

For Whom: Designed to increase the professional competence of investment advisers with legal, compliance, operations, financial, and management responsibilities.

Suggested Skill Level: Basic

Instructional Method: Group-Internet-Based

Pre-requisites for participation: No pre-requisites are required.

Advance Preparation: None

Continuing Education Credits:

NRS Continuing Education Guide
Maximum Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Maximum Recommended IACCP® CE Credit: 2
Maximum Recommended CA MCLE Credit: 2
Maximum Recommended CFP Credit: Credit: Pending