
The Chicago-based municipal bond manager secured its ninth straight GIPS audit from The Spaulding Group. Managing partner Tom Hession said the milestone reinforces the firm's reporting standards.
Riverbend Capital Advisors extended its Global Investment Performance Standards verification for the ninth consecutive year. The audit, covering the period from January 2017 through December 2025, was conducted independently by The Spaulding Group.
The GIPS standards are the widely accepted framework for investment performance reporting. Verification requires a firm-by-firm review of policies, controls, and how results are calculated and presented.
"Maintaining GIPS verification underscores our dedication to the highest standards of performance reporting and reinforces the confidence our clients place in us," Tom Hession, Riverbend's managing partner, said in a statement. "Achieving another year of adherence to GIPS standards reflects our commitment to providing clients with performance reporting that is transparent, consistent, and independently verified."
Riverbend is a boutique fixed-income manager focused on the U.S. municipal bond market. It manages money for high-net-worth individuals, financial advisors, and family offices. The Chicago-based firm uses a tactical approach to municipals, tailoring portfolios to clients' tax profiles, risk tolerance, and state-specific mandates.
GIPS is a registered trademark of CFA Institute, which does not endorse or promote any specific firm.
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