Is PortfolioCenter GIPS compliant?
The Global Investment Performance Standards (GIPS) are a set of ethical principles used by investment management firms to establish a globally standardized, industry-wide approach to creating performance presentations that communicate investment results to prospective clients. The GIPS standards were based on and preceded in North America by AIMR Performance Presentation Standards. Many investment professions strive for and claim GIPS compliance in order to gain and maintain customers and assets. Firms with investment assets under management that adhere to all the required elements of the GIPS can claim compliance with the standards when presenting their performance record. On the other hand, software vendors such as Performance Technologies (the producer of PortfolioCenter), and third-party consulants, such as Krisan’s BackOffice, Inc. (KBO) cannot make a claim of compliance unless they actually manage the assets for which they are making the claim of compliance. In other words, Portf
