Are the published returns of the investments AIMR-compliant?
The Association for Investment Management and Research, now known as the CFA Institute, establishes standards that all investment managers must use in the calculation of performance returns. The CFA Institute helps them reach these standards by educating and examining investment managers and analysts. Most registered investments have AIMR-compliant investment returns. Unfortunately, private investments don’t always provide audited returns for their clients. In many cases, the clients take the word of the solicitor or they don’t know to ask for these audited financials. • Is your broker registered? The Financial Industry Regulatory Authority (FINRA) regulates all securities firms and all registered securities representatives (nearly 700,000) in the United States. All representatives must register with FINRA and be licensed by FINRA in order to sell registered products. Investors can use FINRA (www.finra.org) to research the employment history, licensure and history of complaints against
