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JoelLewis
JoelLewisCOMMUNITY
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gips-compliance

Guide investment firms through GIPS compliance, composite construction, and performance calculations.

164|33|Updated Feb 15, 2026
Search Tags:#compliance#performance reporting#gips#investment performance#cfa institute#composite construction
One-click install
npx skills add https://github.com/JoelLewis/finance_skills --skill gips-compliance
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: gips-compliance
Source: https://github.com/JoelLewis/finance_skills/tree/main/plugins/compliance/skills/gips-compliance
Command: npx skills add https://github.com/JoelLewis/finance_skills --skill gips-compliance

SYSTEM DOCUMENTATION & REQUIREMENTS

💡 This Skill includes references (resource) components.

What problem does it solve?

This Skill helps investment firms understand and adhere to the Global Investment Performance Standards (GIPS), ensuring accurate and fair representation of investment performance for clients and prospects.

Core Features & Use Cases

  • Composite Construction: Guides on including/excluding portfolios and handling terminated accounts.
  • Performance Calculation: Explains time-weighted returns, gross-of-fees vs. net-of-fees calculations, and the use of Modified Dietz.
  • Presentation & Reporting: Details the required elements for GIPS-compliant presentations and advertisements.
  • Verification & Error Correction: Outlines the process for independent verification and correcting performance errors.
  • Use Case: An investment firm is preparing its annual performance report and needs to ensure it meets all GIPS requirements for composite construction, return calculation, and presentation to prospective clients.

Quick Start

Explain the requirements for including terminated portfolios in a GIPS composite.

Frequently Asked Questions about gips-compliance

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I construct a GIPS compliant composite and handle terminated portfolios?▼

Time-weighted returns calculate GIPS performance by eliminating the effects of external cash flows, often using the Modified Dietz method. This ensures the performance reflects the firm's investment decisions rather than client deposit or withdrawal timing.

What is the difference between gross-of-fees and net-of-fees returns in GIPS performance reporting?▼

Independent verification provides a firm-level assessment confirming that the investment manager has complied with GIPS standards for composite construction on a firm-wide basis. It ensures fair representation of historical investment performance to prospective clients.

What are the required elements for a GIPS compliant performance presentation to prospective clients?▼

Required elements for a GIPS compliant presentation include composite returns, the number of portfolios, composite assets, and firm assets for each year. You must also include a measure of internal dispersion for annual composite performance.

How do I correct performance calculation errors in an existing GIPS composite?▼

Correcting performance calculation errors in a GIPS composite requires determining materiality. If material, restate the historical performance; if immaterial, disclose the error and correction method in the subsequent compliant presentation.

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