On a quarterly basis IPEX clients receive a comprehensive package of reports and graphs that is customized to fit the needs of their particular investment program. IPEX maintains a vast library of proprietary reports and graphs that address all aspects of investment performance and account activity. IPEX separately analyzes an account's overall return and the return of its equity and fixed income components; as well as any specific investment objectives and parameters that the client may have established.

IPEX bases its performance calculations on information provided by the account's custodian. This approach ensures that IPEX will use the same underlying security prices and market values as the custodian, and minimizes the possibility of there being any significant disparities between the information contained in the IPEX reports and the custodian reports. 

IPEX produces reports that analyze both individual accounts and combined accounts that utilize multiple money managers. In the case of multiple managers, the reports analyze the managers on a combined basis, as one account, and side by side, to facilitate comparisons between multiple managers that are managing different portions of an individual account.

IPEX relies heavily on comparison benchmarks to evaluate a money manager's relative performance. These benchmarks are included in the IPEX performance, style and risk reports. IPEX selects benchmarks based upon the manager's historical investment style and the client's objectives. 

IPEX also compares the performance of an individual money manager to a group of money managers that has a similar investment style, i.e., a manager universe that is internally constructed by IPEX. This information helps clients to place their manager's performance in proper perspective in relation to the real investment world and prevailing market conditions. 

IPEX clients receive the benefit of performance reporting that is based on accepted industry norms. The IPEX reports comply with the Performance Presentation Standards adopted by the Association of Investment Management and Research and the Consultant's Performance Standards officially adopted by the Investment Management Consultant's Association.