GIPS Compliance

We offer a comprehensive GIPS Compliance service designed to help investment management firms achieve and maintain compliance with the Global Investment Performance Standards (GIPS). These internationally recognized standards provide a framework for calculating and presenting performance results, fostering transparency, credibility, and attracting a wider base of investors seeking verified and reliable performance metrics.

What Sets Us Apart:

At Garsila Consultancies, our key differentiator is our team of highly qualified professionals, including CFA Charterholders and CPAs, who bring a deep understanding of both investment performance, tax, and financial reporting. This unique blend of expertise ensures we deliver the highest quality service, tailored to the specific needs of your firm, with a focus on accuracy, integrity, and compliance.

The Benefits To Your Firm Are:

1. Enhance Your Marketing
Gain greater visibility with prospective investors. According to eVestment, two out of three searches made by investors or consultants exclude firms that are not GIPS compliant. With Garsila Consultancies, you’ll avoid being overlooked and can position your firm as a credible, compliant investment manager. GIPS compliance has never been easier.

2. Improve Your Compliance Program
Align with industry best practices. Many firms face inconsistencies in areas like fee recording, income accrual, and valuations. Implementing GIPS policies and procedures helps identify and resolve these issues, ensuring consistency across your firm’s operations.

3. Focus on Your Strengths
Let us handle the details of your GIPS compliance, allowing your professionals to concentrate on their core responsibilities. Our goal is to simplify the process, minimizing the burden on your team so they can focus on delivering value to clients.

4. Affordable Expert Resources
Access a team of experienced GIPS and performance experts without the high costs of hiring in-house specialists. At Garsila Consultancies, we offer affordable expertise, providing you with the guidance of multiple professionals at a fraction of the cost of hiring a single GIPS specialist.

5. Simplify Your GIPS Verification
Avoid errors and potential increases in verification fees. Errors discovered during verification testing can lead to a larger sample size, extending the verification process and raising costs. We proactively analyze your data to address issues before verification begins, helping you avoid delays and higher fees.

Our GIPS Compliance Services

Our GIPS Compliance Services Include:

1. Assessment and Gap Analysis
We start by reviewing your current performance reporting processes and identifying any gaps in GIPS compliance. Our experts recommend and implement the necessary changes to bring your firm up to the required standards, ensuring your reports meet the highest level of accuracy and transparency.

2. Tailored Policies and Procedures
Using our extensive experience, we work closely with your team to develop, document, and implement GIPS policies and procedures tailored to your firm’s unique needs. As regulations evolve, we continue to update and refine these policies to ensure ongoing compliance.

3. Composite Construction and Maintenance
We construct composites that adhere to your firm’s GIPS policies, conducting performance outlier tests to ensure portfolios are correctly assigned. Our service includes ongoing updates to composite membership, reflecting changes such as portfolio openings, closures, or mandate adjustments.

4. GIPS Reporting and Disclosure
Our team calculates key statistics, including composite-level annual returns, annual dispersion, and three-year annualized standard deviation, and produces detailed GIPS reports with the necessary disclosures. We update these reports periodically, ensuring continuous compliance.

5. GIPS Verification Management
We manage the entire verification process, acting as the primary liaison between your firm and the GIPS verifier. This includes gathering portfolio data, organizing verification testing, and coordinating the project to ensure smooth completion. We also assist with verifier selection, ensuring you work with the most suitable provider.

Additional Support Services:

  • Create or Modify GIPS Policies & Procedures

  • Extract & Organize Data for Composite Calculations

  • Calculate Composite and Portfolio-Level Statistics

  • Analyze Composite Results and Identify Potential Issues

  • Produce GIPS Reports and File Compliance Forms

  • Provide GIPS Standards Training for Your Team

  • Assist with Verifier Selection and Due Diligence

  • Act as Main Contact for Verifier Throughout Verification Process

  • Gather Requested Data and Simplify Verification Requests

  • Review Testing Files Prior to Submission

Performance Consulting Related to GIPS Compliance:

  • Portfolio-Level Returns Calculation

  • Household-Level Returns Calculation

  • Performance Appraisal Measures

  • Onsite Training on GIPS Standards

  • Population of Investment Consultant Databases

  • Ad-Hoc Performance Consulting

By partnering with Garsila Consultancies, you ensure your firm remains compliant, credible, and competitive in the investment management industry. Our team of CFAs and CPAs is dedicated to simplifying the GIPS compliance process, allowing you to focus on what truly matters—serving your clients and growing your business.

Let us handle your GIPS compliance, so you can focus on delivering exceptional investment strategies and building long-term success.