Parthenon LLC has reached compliance with CFA Institute peformance presentation standards, according to a news release.
The CFA Institute formerly was known as the Association of Investment Management and Research.
Louisville-based Parthenon recently completed its fifth year of managing assets for institutions, families and trusts. One of the requirements for compliance is that a company must be in business for at least five years.
The performance presentation standards were created to provide investment management firms with a set of ethical guides to follow when presenting performance results to clients. The standards promote full disclosure, fair representation of results, and greater uniformity and comparability among performance presentations.
Parthenon provides management for high net-worth individuals and families, trusts, endowments and foundations, with assets totaling just under $600 million.