Reasons Why You Need GIPS Verification
Performance Measurement Training
The GIPS Verification is the reassessment of an investment management agency’s performance measurement methods by an independent 3rd party verifier. This method checks whether the company has complied with all the composite construction prerequisites of the GIPS standards on a company-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 a standard that is recommended but not absolutely 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 plays a vital role in every company. In fact, it provides countless benefits. Third party verification provides additional integrity to the claim of the compliance. It also sustains the entire guiding principles of the GIPS standards.
Performance Attribution
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 made to provide company with additional confidence due to the firm’s claim of compliance. It is also designed to the company’s current and possible clients. With a firm’s verified status, there will be a market-driven output of improved awareness among investors and consultants and can be a vital factor in manager searches.
Upon knowing the importance of GIPS verification, you probably want to look for the best company that can answer your needs. Whether you desire to understand the whole compliance verification method or want to start the compliance framework, you don’t need to worry about. There are several companies you can ask for an immediate assistance.
GIPS Verification
Among various selections, The Spaulding Group can be your best choice because of their wide knowledge and expertise in the field. The company offers a pre-verification and compliance consulting services. These cover a systematic evaluation of your advertising disclosures, calculation methodologies and a guideline of composite membership. They also give GIPS verification. Their main purpose is to make sure that your agency claiming GIPS compliance has remained to the standards. The Spaulding Group also offers performance examinations. Thus, companies may choose whether they want a more specific or broad performance examination of a composite track record. With their comprehensive services, you will definitely be surprised on how they work.