The Securities and Exchange Commission released its final version of the modernized Marketing Rule under the Investment Advisors Act on December 22, 2020.
The SEC provided an exemptive order this week in response to the COVID-19 event. In limited circumstances, Investment Advisors and Exempt Reporting Advisors will have an additional 45 days from the original deadline to complete and submit their annual filings or material changes. Procrastinators need to understand that there are specific circumstances requirements to meet… READ MORE
Additionally, Reg BI requires that firms file Form CRS. The SEC has said that to answer some parts of Form CRS, you may link to other places where the relevant information resides, and a lot of that information is already in your ADV part 2A brochure. Even if you don’t take advantage of your new… READ MORE
Last August the U.S. Securities and Exchange Commission (“SEC”) issued a final rule expanding the information required on Form ADV. All investment advisers making Form ADV filings as of October 1, 2017 will need to include the applicable additional information. The following is a guideline for the new information required on Form ADV Part 1:… READ MORE
Avoid the Most Common Mistakes on ADV Filings – Not Allocating Enough Time and Not Including the Business
Investment Advisors must file their annual ADVs no later than 90 days after the end of the firm’s fiscal year; for most firms this means March 30th. It’s hard to find people that like to complete the ADV, and procrastination is a significant factor in reducing the quality of filings. The ADV is an easy… READ MORE