SOURCE: Vestmark, Inc.

March 08, 2007 08:00 ET

Vestmark's Chief Technologist, Dennis L. Sheckler, Among the First Worldwide to Earn the CIPM Designation

Certificate in Investment Performance Measurement (CIPM) Designation Holders Master Best Practices in Calculating, Interpreting, and Presenting Investment Performance

WAKEFIELD, MA -- (MARKET WIRE) -- March 8, 2007 -- Vestmark, the leading innovator in the managed accounts platform solutions market, today announced that Dennis L. Sheckler, its Chief Technologist of Investment Systems, is among the first worldwide to earn the CIPM designation.

"The Certificate in Investment Performance Measurement (CIPM) program is a new certification program designed to test candidates' mastery of a specialized curriculum in the areas of ethics, performance measurement, attribution, and evaluation, and application of the Global Investment Performance Standards (GIPS®). Those who pursue the CIPM designation will master best practices in calculating, interpreting, and presenting investment performance figures," according to CFA Institute's website.

"Mr. Sheckler is a pioneer in the CIPM program and belongs to a select group of dedicated CIPM certificate holders whose mastery of the curriculum has been measured against a single, uniform, global standard of excellence," says Jeffrey J. Diermeier, CFA. Mr. Diermeier is the President and Chief Executive Officer of CFA Institute.

"Passing the CIPM Principles and Expert exams has been very educational and satisfying. Vestmark customers will benefit from the mastery of best practices based upon a comprehensive, theoretically sound body of knowledge that the CIPM program requires," says Mr. Sheckler. "In addition, being among the first few, worldwide, to earn the CIPM designation is very rewarding."

This distinction demonstrates Vestmark's commitment to maintaining thought-leadership in investment performance measurement and employing practitioners who are independently recognized for their exceptional ethical standards and technical expertise. Vestmark supports CFA Institute's programs to further define the profession.

The CIPM program notes that candidates earn the right to use the CIPM designation only after they sequentially pass two three-hour, computer-based examinations (Principles and Expert), and become a member of the CIPM Association which itself requires meeting the experience requirement of at least two years in performance-related positions and agreeing to comply with the CIPM Association Code of Ethics and Standards of Professional Conduct.

About CFA Institute

CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst® (CFA®) curriculum and examination program worldwide, publishes research, conducts professional-development programs, and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 82,000 members in 126 countries and territories, including the world's 68,000 CFA charterholders, as well as 134 affiliated professional societies in 55 countries and territories. CFA Institute is headquartered in Charlottesville, Va., USA, with regional headquarters in London, Hong Kong, and New York. More information may be found at (Bloomberg users can find CFA Institute at 497458Z).

About Vestmark

Vestmark is a technology platform provider for investment managers, overlay managers, sponsors, and operations outsourcing service providers in the managed accounts industry. Vestmark's solution enables greater product innovation, compliance, and increased operational efficiency. The Vestmark Managed Accounts Platform (VMAP) is a modern, web-based technology platform providing complete functionality and connectivity for investment managers, overlay managers, sponsors, and operations outsourcing service providers. VMAP was designed from inception to support the scalability, efficiency, and product flexibility requirements of the managed accounts industry. Vestmark is headquartered in metropolitan Boston, Massachusetts with offices in Oakland, California. For more information about Vestmark's managed accounts platform solutions, please call 781-224-3640, email, or visit

Contact Information

  • Contact:
    Murtuza Vasowalla
    VP of Product Marketing
    +1 (781) 224-3640