This week, the Securities and Exchange Commission (SEC) sent a 60-day notice email to federally registered investment advisors about the new questions on the Form ADV. I have received inquiries that I thought worthy of addressing here:
- The new questions on the Form ADV apply to both state and federally registered investment advisors.
- The new questions will appear on October 1, 2017
- Registered Investment Advisors will need to respond to the new questions if you are amending your Form ADV for any reason, on or after October 1, 2017.
- Investment Advisors need to review these new questions now, as the additional information about your ‘clients’ may take time to gather if you do not have the information in-house. You may need to reach out to your custodian for the information in the format required.
Click Here is a summary of the amendments to the Form ADV
Click Here for the Frequently asked Questions compiled by the SEC
