Under GIPS Provision 0.A.9, when presenting a compliant presentation, firms cannot choose to whom to present; they must make every reasonable effort to provide a compliant presentation to all prospective clients. This statement is:

Under GIPS Provision 0.A.9, when presenting a compliant presentation, firms cannot choose to whom to present; they must make every reasonable effort to provide a compliant presentation to all prospective clients. This statement is:

• A. True.
• B. False.
• C. Only to institutional clients.
• D. Only to high-net-worth clients.

Answer: (A)

The idea being tested is fair, non-discriminatory access to a compliant presentation. Under GIPS, when you present a compliant presentation, you aren’t allowed to pick and choose which prospective clients receive it. You must make every reasonable effort to provide the compliant presentation to all prospective clients. This helps ensure that all potential clients have the same information and can compare performance on an apples-to-apples basis, preventing selective marketing that could mislead. In practice, this means making the presentation available through standard channels to any prospective client who asks and documenting efforts if contact is not achieved. It’s not limited to institutional or high-net-worth clients; those selective-only scenarios would violate the provision.

The idea being tested is fair, non-discriminatory access to a compliant presentation. Under GIPS, when you present a compliant presentation, you aren’t allowed to pick and choose which prospective clients receive it. You must make every reasonable effort to provide the compliant presentation to all prospective clients. This helps ensure that all potential clients have the same information and can compare performance on an apples-to-apples basis, preventing selective marketing that could mislead.

In practice, this means making the presentation available through standard channels to any prospective client who asks and documenting efforts if contact is not achieved. It’s not limited to institutional or high-net-worth clients; those selective-only scenarios would violate the provision.