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Subject 2. Parties Affected by GIPS
#analyst-notes #introduction-to-the-global-investment-performance-standards-gips
1. Firms

The GIPS standards apply primarily to investment management firms. The performance results of firms adopting GIPS will be more readily comparable. However, while firms are encouraged to adopt GIPS, the standards arevoluntary.

2. CFA Institute's Members, CFA Charterholders, and CFA Candidates

  • GIPS are a way of ensuring that no material misrepresentation of performance takes place.
  • GIPS satisfy Standard V (B) Communication with Clients and Prospective Clients.
  • Members, charterholders and candidates should inform employers of GIPS and encourage their adoption (though this is not mandatory).

3. Prospective and Current Clients

  • They are the primary beneficiaries of GIPS.
  • GIPS allow effective comparisons; they can directly compare the performance results of firms adopting GIPS.
  • Clients must still use due diligence.
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