The Spaulding Group, BrightScope, and the UAPS (Universal Advisor Performance Standards) board of advisors are continuing to move forward with the review of the first draft of these new standards. We are quite pleased that interest in them continues to grow. And this makes sense, as GIPS(R) (Global Investment Performance Standards) isn't for everyone, and yet many (who would willingly adopt GIPS if they could) want a standard to guide them in their performance reporting.
This week we were asked to submit an article on the standards for a European publication; thus, the new standards are going global! But with a word like "universal" in your name, you're bound to figure out eventually that we didn't intend them to be just for the United States. We've penned our article, and once it's published, we'll provide a link.
We are still open to your ideas, suggestions, insights, or just plain comments, so feel free to chime in.