Ashland Partners & Company LLP is the leading specialty firm providing Global Investment Performance Standards (GIPS®) verification and compliance consultation services to the investment management industry.

The GIPS standards are ethical standards for investment performance presentation to ensure fair representation and full disclosure of an investment management firm's performance.

Verification is the independent review of an investment management firm's claim of compliance with the GIPS standards.

Verification tests:

• Whether the investment firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis.

• Whether the firm's processes and procedures are designed to calculate and present performance results in compliance with the GIPS standards.

Verification is firm-wide and cannot be carried out for a single composite. A composite specific performance examination can be conducted on a particular composite, but only in conjunction with a firm-wide verification.

For more information on the GIPS Standards, please visit www.gipsstandards.org.

For more information on Ashland Partners, please enter our website here.