The frequency for fair value reporting is based on the financial reporting frequency of the entity. Hedge funds are likely to have quarterly fair value reporting requirements, while pension funds and many private equity firms (those that are not publicly traded) are likely to need to have fair values set only on an annual basis.

Axiom Valuation Solutions works closely with its clients to develop clear and concise processes for exchanging information updates on the portfolio holdings. This helps to minimize the direct cost of the fair value work and the indirect information request demands on the valuable time of portfolio managers. We also incorporate auditor feedback in terms of presentation and analytical backup to streamline the audit team's work.

Based on the client need for fair value frequency, we conduct FAS 157 compliant Portfolio Valuations detailing the fair values of the portfolio's assets as of the reporting date, the prior date, and a description of the changes in market conditions and asset-specific circumstances.