In addition to a firm-wide verification, Ashland Partners provides optional, composite-level examinations of one or more of the firm’s composites. Over 70% of Ashland Partners' clients received one or more performance examinations. Although not required, many of our clients find additional benefits to performance examinations, especially in the institutional market.
What does a Performance Examination test?
- Whether the firm has constructed and calculated the composite in compliance with the GIPS® standards, and
- Whether the firm presents the composite in compliance with the GIPS standards.
A firm cannot make any claim that a particular composite has been examined unless a performance examination has been completed. A performance examination can only be conducted by a verifier after or in conjunction with a firm-wide verification.