5 Year Performance Record, 10 Year Performance Record

[epyon96]

“After presenting five years of performance, the firm should present additional annual performance up to 10 years.”
What does this mean? Does it mean that if the firm has been in existance for 6 years, give 6 years of performance? If so, what’s the point of seperating the 5 year and 10 year mark?

 

[cpk123]

add a year at a time upto 10 years.

 

[epyon96]

So can I restate this as, if it is a new firm, keep all the performance data until at least 10 years is reached? I can leave out the 5 year statement completely.

 

[darkstar]

When you first claim GIPS compliance, you need to show at least 5 years of performance - and then each subsequent year you add a year’s worth of performance until you have 10 years.
If the firm hasn’t been in existence for 5 years when you first claim compliance, you show since inception annual returns.