Professional standards.
The commitments that govern every InstitutionalModels™ engagement — confidentiality, licensing, engagement structure, quality, and independence.
01Confidentiality
Client confidentiality is central to our practice. We sign client NDAs as standard practice at the outset of any engagement.
Client materials, deal information, and models remain the client's property and are not disclosed, referenced, or reused across engagements without written permission.
02Model Licensing
Models are licensed for the client organization's perpetual internal use. Distribution to third parties is prohibited except as printable reports or in limited circumstances with written permission.
This structure preserves the client's flexibility to use, maintain, and evolve the model over its lifetime, while protecting the integrity of the underlying architecture.
03Engagement Structure
Engagements begin with a scoping conversation to align on objectives, deliverables, and success criteria. From there we move to a fixed-fee structure with defined milestones — typically including working drafts for client feedback before final delivery.
Timelines, review cadence, and hand-off procedures are agreed upfront so there are no surprises during execution.
04Quality Commitment
Every deliverable is reviewed against our internal standard for institutional models: separation of data, logic, and outputs; documented assumptions; independent reconciliation checks; and reviewer-ready presentation.
We treat every engagement as if it will be inherited by another analyst within the firm — because it often is.
05Independence
We are an independent practice and receive no compensation or incentives from software vendors, brokers, or capital sources. Our recommendations reflect what is best for the client's process.
06Adoption of the CFA Institute Code and Standards
As part of these standards, InstitutionalModels™ has adopted the CFA Institute Code of Ethics and Standards of Professional Conduct in full. Every commitment above is designed to meet or exceed those provisions. Where our practice's obligations to clients call for additional commitments — for example, the model licensing and independence provisions above — we implement them at our discretion, provided they do not conflict with the CFA Code and Standards.
The following claim of compliance is provided in the form prescribed by CFA Institute:
InstitutionalModels™ claims compliance with the CFA Institute Code of Ethics and Standards of Professional Conduct. This claim has not been verified by CFA Institute.
CFA Institute Code of Ethics and Standards of Professional Conduct →