The following questionnaire is designed to help you figure out the feasibility of becoming GIPS Compliant. Once the questionnaire has been submitted, we will review your response and email you a readiness summary. 

Need a refresher course on GIPS? Visit this post and accompanying video: What are the GIPS Standards

If you have any questions, please contact us at:
(720) 917-9621 or
info@longspeakadvisory.com

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* 1. Does/will your firm have independent records to support historical performance? These include market values, transaction summaries, cash flows, and dates of new and terminated accounts.
Need more information? Visit the third section of this post for more information on this requirement: Part 2: Creating GIPS Policies and Procedures

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* 2. Are all market values based on the fair value of the portfolio’s securities (i.e., illiquid securities are fair valued as opposed to being reported at book value, par value, cost, outdated bid/ask, etc.)?

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* 3. For portfolios containing fixed income, has the income been accrued? In other words, is the income included in the market values and performance as it is earned as opposed to only when it is paid?

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* 4. Do your accounts have market values available at least monthly for all periods? After 2010, can you obtain daily market values on dates with large external cash flows?

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* 5.
Since 1 January 2005, have all portfolios utilized trade date accounting?

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* 6.
Are time-weighted returns currently available for all accounts for all periods?

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* 7. Does each portfolio have its own cash balance that is/can be included in the calculation of the portfolio’s performance?

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* 8.
If your firm already has returns calculated:
Is each portfolio’s performance reduced by broker commissions and/or trading costs?
Need more information? Visit the first section of this post: Are fee-related admin issues causing errors in your investment performance?

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* 9. Has/will your firm be able to assign portfolios to composites?
Need more information? Visit the second section of this post: How to Construct Composites

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* 10. Contact Information

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