GIPS Verification and Its Benefits
The GIPS Verification is the reassessment of an investment management agency’s performance measurement methods by an independent 3rd party verifier. This process examines whether the company has complied with all the composite construction requirements of the GIPS standards on an industry-wide basis. It also tests if the methods and policies of the company are designed to compute and present performance in compliance with the GIPS standards. This GIPS verification is another case of standard. It is highly suggested but not completely required to comply with the GIPS. If a test question points out that a company has not yet undergone the verification procedure, it doesn’t mean that it is not GIPS compliant.
It is noted that each company has various challenges to handle when it comes to GIPS verification. This GIPS verification offers countless advantages. Third party verification provides additional integrity to the claim of the compliance. It also sustains the entire guiding principles of the GIPS standards.
Verification may also offer a great chance to increase the ideas of the company’s performance measurement team and boost the consistency and quality of the business’s compliant presentations. Additionally, GIPS verification may offer advanced internal procedures and advertising benefits to the company.
The GIPS verification is intended to offer a company and its prospective and existing clients with additional confidence in the company’s claim of compliance. WIth a company’s verified status, there will be a market-driven result of advanced responsiveness among consultants and investors. This can also be a great factor in manager searches. After knowing the significance of GIPS verification, you probably want to search for an ideal company that answers your needs.
Among distinct selections, The Spaulding Group can be your best option because of their extensive ideas and expertise in the field. The company offers a compliance and pre-verification consulting service that covers calculation methodologies, guidelines of composite membership and a thorough review of your advertising disclosures. They also provide GIPS verification to guarantee that your company claiming GIPS compliance has adhered to the standards. The Spaulding Group also offers performance examinations and thus, companies may choose to have a more specifically focused or extensive performance examination of a certain composite track record. With their wide services, you will surely be amazed on how they work.