Record Retention Year

Record retention in ethics should be >7 years unless the local law says otherwise

I remember vaguely something else is 5 years. Is it from AMC or GIPS? Anyone help?

FML

No requirement just recommended 7 years by CFAI Code of Ethics.

If local regulations call for any number of years then that # is required.

Recommended 7 years.

You may have seen GIPS refer to 5 years…

GIPS requires you to retain supporting docs for every year that you are presenting… as you become compliant, it will eventually become 10yrs

Good call … that is the one 5+1 for every additional year… up to 10 years…