Form ADV

ADV Form

A form that all investment advisers who manage more than $25 million in assets are required to file with the SEC. The form discloses the adviser's education, fees, investment strategies, disciplinary actions (if any), and other information.

Form ADV

An SEC form for reporting information about an investment adviser, including education, business, regulatory problems, services, and fees. The form has two parts, and an investor should read both prior to employing the services of an investment adviser.

Form ADV.

All investment advisory firms must register by filing a Form ADV either with the Securities and Exchange Commission if they manage $25 million or more in client assets or with the state securities regulator in the state where they principally work.

The form is divided into two sections. Part 1 provides information about past disciplinary actions, if any, against the adviser. Part 2 summarizes the adviser's background, investment strategies, services, and fees.

If an advisory firm is registered with the SEC, you can obtain copies of Form ADV at the SEC's Investment Adviser Public Disclosure (IAPD) website (

Otherwise, you can request it directly from the adviser or your state securities regulator. You can find contact information on the website of the North American Securities Administrators Association (

References in periodicals archive ?
Determination of largest independent online financial advisor reflects Betterment LLC's distinction of having highest number of assets under management, based on Betterment's review of assets self-reported in the SEC's Form ADV, across Betterment's survey of independent online financial advisor investing services as of May 24, 2017.
It is of extreme importance that investment advisors provide accurate and complete information when responding to these new questions on Part 1 of Form ADV.
Both exempt reporting advisers and SEC-registered investment advisers must file annual amendments to their Form ADV filing with the SEC and/or applicable states via the IARD filing system administered by FINRA.
Pursuant to the Form ADV reporting and disclosure amendments adopted last 2016, investment advisers are now held to submit new requirements in their upcoming registrations.
The Form ADV that Westrock filed with the Securities & Exchange Commission in late March listed eye-popping assets of almost $1.
One such Form ADV discloses that offering advice and selling product "involve a possible conflict of interest, as commissionable products can conflict with the fiduciary duties [of loyalty and prudence] of a registered investment advisor.
The data was gleaned from filings by RIAs on Securities and Exchange Commission Form ADV, which requires them to disclose their compensation, conflicts of interest information, and the registrations of their employees.
What's more, the robo-advisors face no artificial contraints of time or money, meaning they can not only fulfill the letter of the Investment Advisors Act (providing Form ADV Parts 1 and 2, among other things), they can transcend it by providing more robust disclosures and investor-education content.
As to what additional information you need to provide to participants, you must give them your Form ADV, Part 2, or an equivalent brochure.
Finally, the registered investment advisor must describe his or her code of ethics in Form ADV Part 2A, item 11, while also offering to provide a written copy upon request to prospects and clients.
Form ADV, Part 2A, also called a "Brochure," requires firms to answer 18 items in a prescribed order.
Steps in that process are review of the manager's educational background and professional designations (much of the relevant information can be found in the manager's Form ADV Part 2), and the manager's experience; for example, how long the advisory firm has been in business and how many ERISA plans the manager provides investment services to.