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“It’s not going to be easy, but it’s going to be worth it.”
Compliance with GIPS LEAST likely require firms to:
Which of the following will MOST likely disqualify a firm from claiming GIPS compliance?
Zavier Investments seeks to present its performance history in compliance with GIPS. At the end of the year, the firm classifies all its actual, fee-paying discretionary portfolios into composites. For each composite, the firm calculates the mean gross-of-fees total return of the portfolios as the composite’s return for the year.
Which of the following statements is most accurate?
Which of the following is LEAST likely an objective of GIPS?
Quest Investments, a GIPS-compliant investment management firm, prepared a 1-page marketing material to help its sales representatives make brief presentations on its past investment performance. It clearly states that the charts and figures shown are a summary of the investment performance for the past 10 years, and provides a web link that prospective clients can go to for details of the performance history. At the bottom of the page, it is written: “Quest Investments has prepared and presented this report in compliance with the Global Investment Performance Standards (GIPS®).”
This 1-page marketing material most likely:
Many years ago, I was exactly where you are today—a CFA Level I candidate juggling a demanding full-time career with the daunting CFA curriculum. Coming from a Computer Engineering background, finance was entirely new territory for me. And yes, it was tough!
I struggled with dense textbooks, late-night cramming, and the frustration of concepts that seemed impossible after a long workday. But after passing Level I (barely), I realized something had to change.
Using the Pareto Principle (80/20 rule), I distilled the vast CFA syllabus into essential, easy-to-understand nuggets. I leaned into visual summaries and bite-sized learning sessions that worked around my busy schedule. This smarter approach helped me clear Levels II and III on my first attempts with significantly less stress.
I founded PrepNuggets to share the streamlined strategies and innovative learning methods that transformed my CFA journey. Our mission is simple: leverage technology to make CFA prep more effective, accessible, and enjoyable.
Join the PrepNuggets community today—sign up for your free account, and let our thoughtfully crafted materials propel you toward CFA success without unnecessary overwhelm.
Here’s to your CFA journey!
Keith Tan, CFA
Founder & Chief Instructor, PrepNuggets
Keith is the founder and chief instructor of PrepNuggets. He has a wide range of interests in all things related to tech, from web development to e-learning, gadgets to apps. Keith loves exploring different cultures and the untouched gems around the world. He currently lives in Singapore but frequently travels to share his knowledge and expertise with others.
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