GIPS Verification
The primary purpose of verification is to ensure a firm
that claims compliance with the Global Investment Performance Standards (GIPS)
has actually adhered faithfully to the intent of the
standards.
StatPro works closely with a number of verifiers and many
features of StatPro Composites have been written with the
needs of verification in mind.
"Although verification is not mandatory, I have always
believed that the independent third party verification of an asset
manager's claim of compliance is an essential part of the GIPS
process.
Any manager making a claim of compliance without independent
verification is taking a major risk... Verification not only helps
to ensure the appropriate documentation and procedures are in place
and compliant but will also point out potential weaknesses in the
performance measurement process.
Verification adds credibility to the asset manager's claim of
compliance; in fact some clients require it".
Verifiers that StatPro has worked with and are pleased
to recommend:
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Ashland Partners & Company
LLP was founded in 1992 for the purpose of providing
verification services to the investment management industry.
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Ernst & Young is a global leader
in assurance, tax, transaction and advisory services.
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HSBC Securities Services is part
of the HSBC Group, one of the world’s largest financial services
organizations.
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Investit provide focused and
experienced specialized advice, project management, research and
people exclusively to the investment management industry.
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KPMG provides a full range of services to assist Firms with the
implementation of GIPS as well as providing verification of
compliance with GIPS and all country versions of the standards.
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PricewaterhouseCoopers LLP is a
global leader in providing independent performance measurement
services to investment management firms and their service
providers.
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The Spaulding Group (TSG) has
evolved into the primary source for information and education in
the investment performance measurement industry.
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WM Company is a provider of
performance measurement and investment administration services.
WM's GIPS service is tailored to clients' specific needs and
encompasses pre-verification checks, compliance consultancy and
verification reporting for GIPS and local country standards.
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