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704, 2021

Financial Requirements for Registration as an Investment Adviser

April 7, 2021|Categories: Filing Requirements, FINRA, NASAA, Registered Investment Advisers, Registrations, Rules and Regulations, Rules and Regulations, Rules and Regulations, SEC, SEC Registration, State Registration|Tags: , , , , , , , , , , , , , |

Under the Investment Advisers Act of 1940, no specific financial requirements, such as a minimum net worth, are spelled out. However, there are financial disclosures that must be made to clients under certain conditions. Under the Uniform Securities Act, the Administrator may, by rule or order, establish minimum financial requirements [...]

504, 2021

Timely Updating the Brochure

April 5, 2021|Categories: Exempt Reporting Adviser, Filing Requirements, FINRA, IARD, NASAA, Registered Investment Advisers, Registrations, Rules and Regulations, Rules and Regulations, Rules and Regulations, SEC, SEC Registration, State Registration|Tags: , , , , , , , , , , , , , , , , |

Part 2A of the Form ADV requires advisers to create narrative brochures containing information about the advisory firm. Both federal and state registered advisers must prepare and deliver a brochure to their clients. They both also have requirements set by the SEC and NASAA for timely updating their brochure [...]

204, 2021

Part 2A Appendix 1 of Form ADV: Wrap Fee Program Brochure

April 2, 2021|Categories: FINRA, IARD, Registered Investment Advisers, Registrations, Rules and Regulations, Rules and Regulations, SEC, SEC Registration, State Registration|Tags: , , , , , , , , , , , , , |

Any RIA compensated under a wrap fee program for sponsoring, organizing, or administering the program, or for selecting, or providing advice to clients regarding the selection of, other investment advisers in the program, does not use the normal brochure or Part 2A of the ADV. Instead, that adviser furnishes clients [...]

3103, 2021

Books and Records Requirements for Federal Covered Advisers

March 31, 2021|Categories: Filing Requirements, FINRA, IARD, Registered Investment Advisers, SEC|Tags: , , , , , , , , |

As a registered adviser, you must make and keep true, accurate and current certain books and records relating to your investment advisory business. Federal covered advisers registered under section 203 of the Act (15 U.S.C. 80b-3) are required by the SEC to make and keep true, accurate and current books [...]

2903, 2021

Brochure Delivery Requirements

March 29, 2021|Categories: FINRA, IARD, NASAA, Registered Investment Advisers, Registrations, Rules and Regulations, Rules and Regulations, Rules and Regulations, SEC, SEC Registration, State Registration|Tags: , , , , , , , , , , |

Part 2A of the Form ADV requires advisers to create narrative brochures containing information about the advisory firm. Both federal and state registered advisers must prepare and deliver a brochure to their clients according to the brochure delivery requirements set in 17 CFR § 275.204-3 – Delivery of brochures and [...]

2603, 2021

Part 2A of Form ADV: Firm Brochure

March 26, 2021|Categories: Filing Requirements, FINRA, IARD, NASAA, Registered Investment Advisers, Registrations, Rules and Regulations, Rules and Regulations, SEC, SEC Registration, State Registration|Tags: , , , , , , , , , , , , , , |

Rule 204-3, the brochure rule, is a requirement under the Investment Advisers Act of 1940 that requires investment advisers to provide a written disclosure statement to their clients. The rule applies to all federally registered investment advisers and specifies times during the advisory process at which they must provide the [...]

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