We welcome the opportunity to speak with you. If you are interested in a customized proposal on GIPS® compliance verification then please contact Christie Dillard at 866.279.0750 or Email.
Practice Highlights
- Provide verification services to more than 200 investment management firms that manage assets from under $100 million to over $400 billion.
- All verifiers are either CFA charter holders, CIPM charter holders, CFA candidates, or CIPM candidates
- Consultative, robust verification process that includes extensive client communication and support
- Professional to verification client ratio is low (1 to 10) by design.
- Our division’s focus remains solely on GIPS® Verification.
- Data Extraction software for Advent Axys users devised to minimize administrative burden.
- Frequent speakers at industry conferences and events.
- Thorough understanding of your portfolio software.
GIPS® VERIFICATION
ACA’s Verification Division specializes in providing investment advisers with GIPS® compliance and verification services. ACA Beacon provides a consultative verification that promotes interactive communication during all phases of the verification process. With extensive practical knowledge and experience rooted in investment management and performance measurement and less so from an accounting angle, our review process is based on objectivity, independence, and adherence to compliance with the Global Investment Performance Standards published by the CFA Institute.
ACA Beacon assures compliance for investment advisers by providing:
Pre-Verification Services – Extensive collaboration with the client to establish or improve a compliant framework for the proper implementation of the GIPS®.
Firm-wide Verification - A firm-wide verification is performed to attest to a firm’s claim of GIPS® compliance. This verification is to ensure the firm complies with all standards on a firm-wide basis; therefore, it encompasses all composites and accounts managed by the firm. The goal of this verification is to verify that the firm has complied with all the composite construction guidelines set forth by the GIPS® and that the firm’s processes and procedures are designed to calculate and present returns in accordance with the GIPS®
Performance Examination – A performance examination can only be performed after or in conjunction with the completion of a firm-wide verification. This audit is a detailed examination of an individual composite and delves deeper into the input data and calculations behind composite returns to verify their accuracy. Although the CFA Institute focuses on the firm-wide verification, many consultants continue to question whether the firm has received a performance examination for a particular composite.