GIPS- Reporting Frequency reasonable, providing, regarding, valuation

hassan

I was trying to find language regarding how often a firm should provide reports to clients, but I cannot find it.  I know valuation (for non- RE and PE) is to be done monthly, and I believe you have to provide client annual GIPS-compliant reports.  Is there any other language besides that, such as providing reports on a reasonable basis?

Roflnadal

You need to report performance to clients at least quarterly and within a reasonable time. Which is considered between 2-3 weeks

Mechanic

Ok that sounds right, thanks dude!

dirk01

0.A.9 FIRMS MUST make every reasonable effort to provide a COMPLIANT PRESENTATION
to all PROSPECTIVE CLIENTS. FIRMS MUST NOT choose to whom they present a
COMPLIANT PRESENTATION. As long as a PROSPECTIVE CLIENT has received a
COMPLIANT PRESENTATION within the previous 12 months, the FIRM has met
this REQUIREMENT.

0.B.4 FIRMS SHOULD provide to each existing client, on an annual basis, a COMPLIANT
PRESENTATION of the COMPOSITE in which the client’s PORTFOLIO is included.

I bolded for emphasis

himanshumh

^ this doesnt sound right to me…..
GIPS requires monthly reporting
Asset Manager Code requires quarterly

jcole21

Now I’m confused again haha.  mcap11, I don’t think GIPS requires monthly because there was a question on one of the same tests that I missed it because I thought it was monthly.  I think you are right that Asset Manager Code requires quarterly … I guess maybe GIPS has no requirement other than annually?

busprof

was that on an exam that was prior to 2010?

RoastBeef

i think maybe :
compliant presentation of composite for clients’portfolio [GIPS]: annual
performance presentation [GIPS]: monthly
performance presentation [AMC] : quarterly

cyber21

^^ this is what I think as well

jcfa2011

Alladin wrote:
i think maybe :
compliant presentation of composite for clients’portfolio [GIPS]: annual
performance presentation [GIPS]: monthly
performance presentation [AMC] : quarterly
My understanding (GIPS) is that you have to use monthly returns for purposes of calculating account performance (except in cases of large cash flows, which require intra-month revaluing, linking).  The actual reporting of account-level returns to clients is not specified - only annual composite performance is specified.