AIMR/CFA Institute

Richards Provides Custody Tests for Advisers

Good news for those of you looking to get ahead of the custody curve...

GIPS 2010 Proposal Out for Comment

The GIPS Executive Committee has released the long-awaited GIPS 2010 proposal for public comment.

Group Launches GIPS Survey

Ever wonder what your industry peers find most difficult about complying with GIPS? How they define their "firm"? How many seek verification?

Getting Practical With GIPS: Tricks and Traps For Advisers to Watch For

No one ever said that GIPS compliance is easy.

GIPS Executive Committee Identifies Key Issues

The GIPS Executive Committee recently released its “GIPS 2010 Key Issues Summary,” describing a number of issues that may be addressed by GIPS policy makers in an upcoming proposal. The summary is intended to give the industry a heads up about the potential changes as well as the rationale behind them. Formal comments, however, will be […]

No Mandatory GIPS Verification, After All

Currently, GIPS states as follows: “Verification is strongly encouraged and is expected to become mandatory at a future date. The [policy committee] will re-evaluate all aspects of mandatory verification by 2010 and provide the industry sufficient time to implement any changes.”Turns out, the committee beat its 2010 deadline by several years. Last week, the committee […]

GIPS Recordkeeping Guidance Provides Performance Backup Ideas

The new GIPS Guidance Statement on recordkeeping, which goes into effect this week, may be worth a read even if your firm does not claim GIPS compliance. The statement sets out lists of various types of records that can be used to reconstruct both account-level and composite-level performance. For example, account-level backup might include: bank/custodial statements […]

CFA Institute Issues New GIPS Guidance

The CFA Institute has published a new list of 70 questions and answers providing guidance on practical issues related to the GIPS Standards. The list, published late last month, was based on questions submitted by attendees at the Institutes 2006 annual conference. “I dont think theres anything really groundbreaking,” said Jonathan Boersma, director of Investment Performance […]

Update on Certification Programs

Back in the fall of 2004, NRS and the National Society of Compliance Professionals each announced – within weeks of each other – that they were rolling out new certification programs. Two years later, heres where things stand: The Investment Adviser Association recently joined NRS as a co-sponsor of NRSs “Investment Adviser Compliance Certificate Program.” […]

Survey: No Consensus on Treatment of Assets in UMA Program

Say your firm participates as an external manager in a Unified Managed Account (UMA) program sponsored by a major broker-dealer. Your firm provides a model to the UMA sponsor, which the sponsor implements on any cash balances placed in the program. However, your firm has trading responsibilities as well: As you adjust your model over […]

Audio Interviews

Top 10 Cybersecurity Steps to Take Now

Sutherland law firm partner Brian Rubin shares the most urgent cybersecurity steps for investment advisers.

How to Read an SEC Enforcement Action

Stern Tannenbaum law firm partner Aegis Frumento on how to get the most from reading an SEC administrative order or court complaint.

Top Marketing Problems … and Solutions

Get solutions for the top marketing challenges that advisers face from ACA Compliance Group managing director Kimberly Daly

Watch Out for 5 Cybersecurity Myths

ACA Aponix Director Pascal Busnel on the most common cybersecurity myths that may cause firms to spend resources where they may not be needed.

Ethics or Compliance: Making the Choice

Find out the difference an ethics, rather than a compliance, perspective makes at an advisory firm from former Ethics and Compliance Officer Association COO Timothy Mazur.

CCO Liability: How to Protect Yourself

Find out from Blue Edge Capital CCO Margaret Fretz what chief compliance officers may be liable for and best practices to make sure you are protected.

The Hidden Costs of Non-Compliance

Proskauer law firm partner and former SEC Division of Investment Management deputy director Robert Plaze on why the costs of non-compliance go way beyond an SEC penalty.