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ACA Compliance Group and Eagle Investment Systems, a BNY Mellon company and part of Data and Analytics Solutions, have launched an approach to help firms comply with the new 2020 Global Investment Performance Standards.

The firms combines ACA’s GIPS compliance consulting and verification expertise with Eagle’s technology platform and Eagle Managed ServicesSM to provide an end-to-end solution that helps firms manage the GIPS composite maintenance and verification process. 

By establishing requirements for consistent and transparent reporting, the GIPS are designed to empower investors to compare the past performance of asset managers.

The combined approach begins with ACA consulting the client on the requirements of the 2020 GIPS and assisting the firm with creating or modifying their GIPS-compliant framework (while still remaining independent to later conduct the verification). The client will then work directly with Eagle to manage the composite creation process within the Eagle hosted framework. Once the composite creation process is completed, ACA will conduct the firm-wide verification. The process is intended to be a seamless hands-on approach from start to finish.

“GIPS 2020 marks the biggest change to the Standards since their introduction in 1999,” Charlie Stout, partner at ACA Performance Services, said. “Since the number and types of firms seeking compliance are expected to increase, we saw an opportunity to build on our relationship with Eagle to get out in front of our existing clients, but also to pursue new prospects who will be new to GIPS compliance.”