Pivot Point Advisors Takes Initiative to Provide Clients with World Class Performance Reporting
Pivot Point Advisors (www.pivotpointadvisors.com), a Texas-based investment management firm with a focus on quantitative strategies, claims compliance with the Global Investment Performance Standards (GIPS®) for financial reporting. This achievement provides assurance to the public that Pivot Point Advisors is at the forefront of ethical and transparent reporting practices in the financial industry.
Bellaire, TX, June 08, 2009 --(PR.com)-- Pivot Point Advisors has taken the initiative to provide clients with industry leading performance reporting that ensures fair representation, full disclosure and “apples-to-apples” comparisons between competing firms. Adopting Global Investment Performance Standards (GIPS®) reflects Pivot Point Advisors commitment to ethical and transparent business practices.
The difficult economic situation during the last year has brought a large number of fraudulent investment schemes to light. The biggest one is no doubt the Madoff scandal, but the SEC uncovered dozens of similar schemes at once respected institutions.
Given the number and magnitude of these schemes, Pivot Point Advisors believe that it is more important than ever to emphasize openness and transparency.
The easiest way to virtually eliminate the possibility of fraudulent investment schemes is to use an independent custodian. Pivot Point Advisors has always operated using such custodians to hold clients' assets. This setup makes fraud difficult because clients get independent reports showing their holdings, transactions, and account values directly from the custodian.
In order to enhance the transparency of the reporting clients receive, Pivot Point Advisors have attained verification of their claim of compliance with the Global Investment Performance Standards (GIPS®). GIPS is an investment performance presentation standard that has been adopted in 30 countries because of the clear disclosures and rigorous calculation methods it requires.
The Institute of Chartered Financial Analysts formulated this standard with two goals in mind:
Ensure that return reporting reflects actual returns of all accounts subscribing to a given strategy
Ensure that returns from different GIPS compliant firms can be compared directly
For the last several months Pivot Point Advisors has been working with an outside consultant to ensure that their return calculations and presentation policies and procedures conform to the GIPS standard. Pivot Point Advisors LLC is proud to announce their verification for the periods July 1, 2004 to December 31, 2008 by Dabney Investment Consulting Associates, Inc. A copy of the verification report is available upon request.
This achievement affirms Pivot Point’s emphasis on clear performance reporting and careful record keeping. Current and prospective clients will benefit from transparent performance reporting and Pivot Point Advisor’s continued commitment to open and ethical business.
For additional information on Pivot Point Advisors and their investment strategies please visit www.pivotpointadvisors.com.
About Pivot Point Advisors:
Pivot Point Advisors, LLC (“PPA”) is a registered independent investment advisor providing customized investment management services to individuals and institutions. PPA manages investment portfolios holding domestic equities, ADRs, mutual funds, ETFs and fixed income instruments with a variety of investment objectives. PPA’s equity portfolios emphasize disciplined stock selection rules and predominantly focus on domestic value stocks. Please visit their website www.pivotpointadvisors.com to learn more about their services.
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The difficult economic situation during the last year has brought a large number of fraudulent investment schemes to light. The biggest one is no doubt the Madoff scandal, but the SEC uncovered dozens of similar schemes at once respected institutions.
Given the number and magnitude of these schemes, Pivot Point Advisors believe that it is more important than ever to emphasize openness and transparency.
The easiest way to virtually eliminate the possibility of fraudulent investment schemes is to use an independent custodian. Pivot Point Advisors has always operated using such custodians to hold clients' assets. This setup makes fraud difficult because clients get independent reports showing their holdings, transactions, and account values directly from the custodian.
In order to enhance the transparency of the reporting clients receive, Pivot Point Advisors have attained verification of their claim of compliance with the Global Investment Performance Standards (GIPS®). GIPS is an investment performance presentation standard that has been adopted in 30 countries because of the clear disclosures and rigorous calculation methods it requires.
The Institute of Chartered Financial Analysts formulated this standard with two goals in mind:
Ensure that return reporting reflects actual returns of all accounts subscribing to a given strategy
Ensure that returns from different GIPS compliant firms can be compared directly
For the last several months Pivot Point Advisors has been working with an outside consultant to ensure that their return calculations and presentation policies and procedures conform to the GIPS standard. Pivot Point Advisors LLC is proud to announce their verification for the periods July 1, 2004 to December 31, 2008 by Dabney Investment Consulting Associates, Inc. A copy of the verification report is available upon request.
This achievement affirms Pivot Point’s emphasis on clear performance reporting and careful record keeping. Current and prospective clients will benefit from transparent performance reporting and Pivot Point Advisor’s continued commitment to open and ethical business.
For additional information on Pivot Point Advisors and their investment strategies please visit www.pivotpointadvisors.com.
About Pivot Point Advisors:
Pivot Point Advisors, LLC (“PPA”) is a registered independent investment advisor providing customized investment management services to individuals and institutions. PPA manages investment portfolios holding domestic equities, ADRs, mutual funds, ETFs and fixed income instruments with a variety of investment objectives. PPA’s equity portfolios emphasize disciplined stock selection rules and predominantly focus on domestic value stocks. Please visit their website www.pivotpointadvisors.com to learn more about their services.
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Pivot Point Advisors
Marc Schindler
713.715.7000
pivotpointadvisors.com
Marc Schindler
713.715.7000
pivotpointadvisors.com
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