Ashland Partners is excited to announce that we have updated and made available our Directory of Investment Performance Software Providers for 2016 (the “Software Directory”). The Software Directory for 2016 expands on the directory we created in 2015 by adding new vendors in the industry while also incorporating various commentary on Portfolio Accounting Systems, GIPS®, and Cyber Security. Continue reading 2016 Software Directory
In conjunction with the USIPC, CFAI has released an industry survey to all stakeholders and interested parties as it relates to the GIPS®. This survey will be evaluated by CFAI staff in order to help focus on outreach efforts, expand guidance to areas of the Standards to which there are none, and will help serve as a base of information when writing GIPS 2020. It is critical that all firms who have concerns or suggestions for the Standards participate in the standard setting process and this is the easiest way to do it. It only takes 5-10 minutes and will provide the industry with a basis for applicable and practical ethical principles for performance reporting.
Who should take the survey? Anyone involved in the investment management business, including asset owners and managers (whether claiming compliance or not), verifiers, auditors, consultants, software vendors, etc.
GIPS® is a registered trademark owned by CFA Institute.
FUNDAMENTALS OF PERFORMANCE MEASUREMENT & ATTRIBUTION
NOVEMBER 15-16, 2016 • CHICAGO, IL
Ashland Partners’ Senior Manager, Allyson Rasmussen, CFA, CPA, CIPM, and Manager, Shivani Choudhary, CIPM, will be co-presenting with Carl Bacon, CIPM, renowned performance measurement specialist and one of the founding member of GIPS, for an interactive course on critical concepts of performance measurement and attribution. Click here for more information.
ADVANCED PERFORMANCE MEASUREMENT & ATTRIBUTION
NOVEMBER 17, 2016 • CHICAGO, IL
An intensive master class for Investment Professionals and other key players in the investment chain who wish to increase their technical knowledge and gain a detailed understanding of all aspects of performance return attribution. Click here for more information.
By Scott Cosentine, CPA, CAMS, CGMA
In an effort to align workflow timing, the Internal Revenue Service (“IRS”) has accelerated the tax return deadline for pass-through entities (i.e. Partnerships and S-Corps) to March 15th beginning with the 2016 calendar year. In theory, it should decrease the need for individuals to extend their tax return filings due to a lack of receiving K-1s. Results are TBD, but many anticipate the impact to be just more extensions being filed at the entity level and then everything will continue on the same timeline as in previous years. In either case, be prepared to act by the March 15th deadline. Continue reading Reminder/Alert: Pass-Through Tax Filing Deadline is now March 15
Ashland Partners & Company LLP recently launched a new website. The new site will serve as a platform for information and resources created to address the due diligence needs of the financial services industry. Continue reading Ashland Partners Announces New Website
The enhanced, user-friendly GIPS compliance form is now available for submission. The new form features an improved confirmation screen listing all information submitted as well as an email confirmation to facilitate firms’ recordkeeping. The deadline for firms to notify CFA Institute of their claim of compliance is 30 June 2016 with information as of 31 December 2015.
For questions related to this requirement, please contact: firstname.lastname@example.org.
By Chase Frei, CFA, CAIA, CIPM
With more than three years in the making, the exposure draft of the Guidance Statement on Broadly Distributed Pooled Funds was released 1 February 2016. As indicated by the name, the scope of this guidance statement is specific to pooled, unitized investment vehicles with broad distribution such as mutual funds, unit trusts, and SICAVs. These requirements will apply to all firms that claim compliance with GIPS and are responsible for both managing the fund as well as creating the official pooled fund documents mandated by regulators and fund-specific marketing material. Continue reading GIPS® Standards Expand to Pooled Investment Vehicles