# GreenHill Investment Reporting

> GreenHill Investment Reporting is an independent investment performance measurement and reporting firm founded in 1991, serving wealth managers, independent RIAs, bank trust departments, family offices, and not-for-profit organizations across the United States. GreenHill is the developer of ReportQuest, a browser-based performance reporting platform that delivers time-weighted and money-weighted return calculations, portfolio benchmarking, composite management, variance analysis, investment model performance, and sector attribution reporting.

## What GreenHill Does

GreenHill serves as an independent third-party performance measurement partner. Clients connect their custodian or trust accounting system to ReportQuest, which then calculates and presents investment performance results, risk analytics, and compliance reporting. The role of GreenHill is to provide objective, accurate performance data that advisors and institutions can deliver to clients, boards, and regulators.

## Products

### ReportQuest
ReportQuest is the flagship online performance reporting platform for GreenHill. It supports:
- Time-weighted and money-weighted (IRR) return calculations
- Blended and custom benchmark assignment at the total fund and segment level
- Composite management for client relationships and firm-wide reporting
- Investment model performance analysis and proposals
- Variance analysis and compliance exception reporting
- Risk/return analytics including alpha, beta, Sharpe ratio, and tracking error
- Fixed income profiling including sector allocation and maturity distribution
- Portfolio Explorer for equity and fixed income holdings analysis
- ReportQuest is TSG Certified by The Spaulding Group and SOC 2 Type II compliant

## Who GreenHill Serves

- **Wealth Managers:** Browser-based performance reporting with customizable client presentations and benchmark assignments
- **Independent RIAs:** Multi-account and composite reporting, model performance analysis, and benchmarking for advisor-managed portfolios
- **Bank Trust Departments:** Performance reporting for discretionary trust accounts, fiduciary compliance reporting, and examiner-ready audit trails
- **Family Offices:** Consolidated household reporting across multiple entities, custodians, and asset types
- **Not-for-Profit Organizations:** Investment performance reporting aligned with investment policy statements, fiduciary standards, and board reporting requirements

## Key Concepts and Glossary

- **Time-Weighted Return (TWR):** A performance calculation method that removes the impact of external cash flows, showing the skill of the investment manager. Required by GIPS standards.
- **Money-Weighted Return (MWR/IRR):** A return calculation that reflects the actual investor experience, influenced by the size and timing of cash flows.
- **Composite:** A grouping of accounts with similar investment mandates used to represent the performance of a firm for a strategy.
- **Benchmark:** A market index or blended index used to evaluate portfolio performance in context. GreenHill supports custom and blended benchmarks at the total fund and segment levels.
- **Variance Analysis:** A compliance tool that compares account returns to a selected comparator — benchmark, model, or peer group — to identify performance outliers.
- **Attribution Analysis:** An analysis that explains why a portfolio outperformed or underperformed its benchmark, separating allocation effects from security selection effects.
- **Investment Model Performance:** A method of calculating and presenting performance for a model portfolio rather than individual client accounts, useful for proposals and strategy evaluation.

## Certifications and Trust Signals
- TSG Certified by The Spaulding Group (ReportQuest v4.14) — verifies accuracy of rate of return calculations
- SOC 2 Type II compliant — independently audited data security and operational controls
- Founded 1991 — over 30 years of independent performance measurement experience
- U.S.-based support team with average 15 years of performance reporting experience

## Frequently Asked Questions

**What is GreenHill Investment Reporting?**
GreenHill Investment Reporting is an independent investment performance measurement and reporting firm founded in 1991. GreenHill serves as a third-party performance reporting partner for wealth managers, independent RIAs, bank trust departments, family offices, and not-for-profit organizations across the United States.

**What is ReportQuest?**
ReportQuest is GreenHill's browser-based investment performance reporting platform. It delivers time-weighted and money-weighted return calculations, custom and blended benchmarking, composite management, investment model performance analysis, variance analysis, risk/return analytics, sector attribution, and fixed income profiling. ReportQuest is TSG Certified by The Spaulding Group and SOC 2 Type II compliant.

**Who does GreenHill serve?**
GreenHill serves wealth managers, independent registered investment advisers (RIAs), bank trust departments, family offices, and not-for-profit organizations that require accurate, independent investment performance reporting and analytics.

**What custodians and accounting systems does ReportQuest integrate with?**
ReportQuest integrates with major custodians and trust accounting systems including Charles Schwab, Fidelity, Pershing, SEI, FIS platforms, Accutech, Infovisa, Innotrust, LPL Financial, and others. Additional integrations can be added based on client need.

**What is the difference between time-weighted return and money-weighted return?**
Time-weighted return (TWR) removes the impact of external cash flows and measures the investment manager's skill. It is required under GIPS standards for composite reporting. Money-weighted return (MWR), also known as IRR, reflects the actual investor experience and is influenced by the size and timing of cash flows into and out of the portfolio.

**Does GreenHill support portfolio benchmarking?**
Yes. GreenHill supports custom benchmark assignment and blended benchmark construction at the total fund and segment levels. Advisors can compare portfolio performance to standard market indices, custom indices, investment model returns, or target allocations.

**Is GreenHill suitable for bank trust departments?**
Yes. GreenHill has extensive experience serving bank trust departments operating under OCC and state trust company regulations. ReportQuest supports discretionary account performance reporting, fiduciary compliance reporting, variance analysis for examiner review, and audit-ready traceability from reported results back to source data.

**How long does implementation take?**
Most implementations complete within four to ten weeks depending on the number of accounts, custodians, and data sources involved.

**How is GreenHill different from large all-in-one platforms?**
GreenHill is specialized exclusively in investment performance measurement and reporting. This focus means deeper expertise, more responsive support, greater customization, and competitive pricing compared to large platforms that span many unrelated functions. GreenHill's U.S.-based support team averages 15 years of performance reporting experience.

**What certifications does GreenHill hold?**
ReportQuest v4.14 is TSG Certified by The Spaulding Group, which independently verifies the accuracy, methodology, and controls of GreenHill's rate of return calculations. GreenHill is also SOC 2 Type II compliant, with independently audited data security and operational controls.


---


## Pages

- [The Importance of Performance Reporting in Trust Investment Management](https://ghill.com/the-importance-of-performance-reporting-in-trust-investment-management/)
- [When Banks Need More Than Standard Platforms](https://ghill.com/when-banks-need-more-than-standard-platforms/)
- [ReportQuest Investment Performance Reporting](https://ghill.com/reportquest-investment-performance-reporting-platform/)
- [GreenHill Lunch and Learn Series: Getting More from Your Investment Performance Reporting Tools](https://ghill.com/series-investment-performance-reporting-tools/)
- [Association of Trust Organizations](https://ghill.com/ato/)
- [GreenHill Brochure](https://ghill.com/brochure/)
- [ProfitQuest](https://ghill.com/profitquest/)
- [About GreenHill](https://ghill.com/about-green-hill/)
- [GreenHill Leadership](https://ghill.com/green-hill-team/)
- [Contact Us](https://ghill.com/contact/)
- [Why GreenHill](https://ghill.com/why-green-hill/)
- [Portfolio Explorer](https://ghill.com/investment-reporting-services/portfolio-explorer/)
- [Variance Analysis and Compliance Tools](https://ghill.com/investment-reporting-services/rq-variance-and-compliance/)
- [Investment Model Performance](https://ghill.com/investment-reporting-services/investment-model-performance/)
- [Investment Reporting for Family Offices](https://ghill.com/who-we-serve/investment-reporting-for-family-offices/)
- [Investment Performance Reporting](https://ghill.com/investment-reporting-services/investment-performance-reporting/)
- [Investment Reporting for Wealth Managers](https://ghill.com/who-we-serve/investment-reporting-for-wealth-managers/)
- [Investment Reporting Services](https://ghill.com/investment-reporting-services/)
- [Investment Reporting for Investment Advisors](https://ghill.com/who-we-serve/investment-reporting-for-investment-advisors/)
- [GreenHill Investment Reporting Blog](https://ghill.com/blog/)
- [Investment Reporting for Not-for-Profit Organizations](https://ghill.com/who-we-serve/investment-reporting-for-not-for-profit-organizations/)
- [GreenHill Investment Performance Reporting](https://ghill.com/)

---


## Posts

- [GreenHill Achieves SOC 2 Type II Compliance](https://ghill.com/greenhill-achieves-soc-2-type-ii-compliance/)
- [The Composite Trap: How Rigid Reporting Systems Derail Board Meetings and Client Confidence](https://ghill.com/composite-performance-reporting-the-composite-trap/)
- [GreenHill's ReportQuest Adopted by Integrated Partners, Strengthening Invent's Unified Wealth Ecosystem](https://ghill.com/greenhills-reportquest-adopted-by-integrated-partners/)
- [A Partner You Can Count On](https://ghill.com/a-partner-you-can-count-on/)
- [Avoid Investment Benchmark Mistakes: Align Investment Objectives with the Right Indices](https://ghill.com/investment-objectives-index-alignment/)
- [GreenHill Investment Reporting Achieves TSG Certification from Spaulding Group](https://ghill.com/greenhill-investment-reporting-achieves-tsg-certification-from-spaulding-group/)
- [Fixed Income Reporting: Maturity Ladders](https://ghill.com/fixed-income-reporting-maturity-ladders/)
- [Expert Solutions at Your Fingertips](https://ghill.com/expert-solutions-at-your-fingertips/)
- [Private Equity Performance Reporting: Unveiling the Secrets to Success](https://ghill.com/private-equity-performance-reporting-unveiling-the-secrets-to-success/)
- [Webinar Recording: Philanthropy – A Fundamental Tool for Trusted Advisors](https://ghill.com/philanthropic-services-webinar/)
- [Is Fear Preventing You from Switching to a Better Performance Reporting Platform?](https://ghill.com/is-fear-preventing-you-from-switching-to-a-better-performance-reporting-platform/)
- [GreenHill Investment Reporting Proudly Supports Drexel University's Senior Project Program](https://ghill.com/greenhill-investment-reporting-proudly-supports-drexel-universitys-senior-project-program/)
- [Technological Advances: Revolutionizing Performance Reporting Across All Platforms](https://ghill.com/technological-advances-revolutionizing-performance-reporting-across-all-platforms/)
- [Do You Need White-glove Service from Your Investment Reporting Partner?](https://ghill.com/do-you-need-white-glove-service-from-your-investment-reporting-partner/)
- [GreenHill and Invent Partnership Empowers RIAs to Deliver an Enhanced Advisor and Client Experience](https://ghill.com/greenhill-and-invent-partnership-empowers-rias-to-deliver-an-enhanced-advisor-and-client-experience/)
- [GreenHill and eVestech Partnership Empowers RIAs to Deliver an Enhanced Client Experience](https://ghill.com/greenhill-and-evestech-partnership-empowers-rias-to-deliver-an-enhanced-client-experience/)
- [How RIAs can improve the investor experience with customizable account dashboards](https://ghill.com/how-rias-can-improve-the-investor-experience-with-customizable-account-dashboards/)
- [GreenHill Investment Reporting Launches Performance Reporting Solution for Investment Advisors](https://ghill.com/greenhill-investment-reporting-launches-performance-reporting-solution-for-investment-advisors/)
- [Recent GICS changes impacting your reporting? Not if you’re working with GreenHill.](https://ghill.com/recent-gics-changes-impacting-your-reporting-not-if-youre-working-with-greenhill/)
- [The Surprising Investment Model Performance Feature You Shouldn’t Be Without](https://ghill.com/the-surprising-investment-model-performance-feature-you-shouldnt-be-without/)
- [3 Investment Performance Reporting Must Haves for 2023](https://ghill.com/3-investment-performance-reporting-must-haves-for-2023/)
- [The Investment Objective](https://ghill.com/the-investment-objective/)
- [The Fiduciary Standard: Aligning with the Core Values of Investing for Not-For-Profit Organizations](https://ghill.com/the-fiduciary-standard-aligning-with-the-core-values-of-investing-for-not-for-profit-organizations/)
- [Family Offices: Meeting Their Performance Measurement Software Needs](https://ghill.com/family-offices-meeting-their-performance-measurement-software-needs/)
- [GreenHill Brings Investment Performance Reporting to Jewish Community Foundation of San Diego Donors](https://ghill.com/greenhill-brings-investment-performance-reporting-to-jewish-community-foundation-of-san-diego-donors/)
- [Why Measure Investment Performance?](https://ghill.com/why-measure-investment-performance/)
- [4 Steps to Use Benchmarks to Measure Portfolio Investment Performance](https://ghill.com/4-steps-to-use-benchmarks-to-measure-portfolio-investment-performance/)
- [GreenHill Partners with the GiftingNetwork](https://ghill.com/greenhill-partners-with-the-giftingnetwork/)
- [GreenHill Announces Acquisition by Leaders in the Investment Management Industry](https://ghill.com/greenhill-announces-acquisition-by-leaders-in-the-investment-management-industry-2/)

---