If you haven’t yet evaluated your current verifier, the CFA Institute’s verification questionnaire offers valuable questions for your consideration. In addition to the CFA Institute’s questionnaire, this article provides supplementary insights that may prove beneficial as you evaluate your existing verification firm or search for a new one.
About Janice Kitzman
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But we are proud to say that Janice Kitzman contributed 14 entries already.
Entries by Janice Kitzman
As we have been working through GIPS verification and SEC Marketing Rule transformations, we are noticing that there are still some misconceptions about what is needed for grouping accounts.
While it may seem that Ted Lasso and the Global Investment Performance Standards (GIPS®) have nothing in common, we found important similarities between this feel-good show and the GIPS Standards.
One of the more common questions we get asked by firms is whether they should use model or actual fees to calculate net-of-fee composite returns. With the soon-to-be-implemented SEC Marketing Rule requirements for net-of-fee composite performance calculations, many firms will need to reconsider their current calculation methodology to make the best decision going forward.
Now that it is a regulatory requirement, we are working with private equity/venture capital firms to review their IRR calculations and marketing decks to ensure they meet the requirements established in the FINRA 20-21 notice.
Looking for a little distraction to kick-start the spring? We are highlighting five top performance Q&A’s focused on pooled fund expenses.
1. Someone said that the expense ratio should be annualized. What is the source for this requirement?