Six Last-Minute Tips for Filing Your Form ADV
Advisers with fiscal year end of December 31 have until March 30 to file their Form ADV. With the deadline looming, here are six last-minute tips to help you file accurately and on time.… Read More
Advisers with fiscal year end of December 31 have until March 30 to file their Form ADV. With the deadline looming, here are six last-minute tips to help you file accurately and on time.… Read More
Just as with many other sectors of the economy, the securities industry has experienced a fast-coming barrage of changes to the business of investing, most of all in emerging technologies.
Investment Advisers may have ignored the changes in technology several years ago, but those who provide investment advisory services can no longer avoid the fact that clients’ portfolio needs have evolved, and they may fail to act in the best interest of their investors should they overlook it. However, there are some important factors to consider when incorporating new types of assets into clients’ portfolios and steps to take to mitigate risks.… Read More
For investment advisers, the Form ADV captures the most important attributes of their services, and it is important to spend time ensuring that investors have enough to make an informed decision about selecting a wealth manager. Thus, we highly recommend that you pay extra attention to disclosures, and in this case, more is more. When it comes to 2024 ADV filings, our mantra is, “Err on the side of caution, and when in doubt – DISCLOSE.”… Read More
When it comes to disclosure, it’s important to have more than one set of eyes review everything from marketing materials to Forms ADV to make certain all required language is included and nothing is overlooked. A recent regulatory filing underscores how a lack of disclosure and not having sufficient written policies and procedures in place to prevent such lapses can create unnecessary conflicts of interest, regardless of adviser intent.
The LawTV Video 9: Form ADV… Read More
For those firms with a fiscal-year end of December 31st, it is time once again to commence your Annual Amendments to Forms ADV.
On May 12, 2020, the Securities and Exchange Commission (“SEC”) announced that Morgan Stanley Smith Barney (“MSSB”) agreed to settle charges that it provided misleading information regarding transaction costs and services to retail clients in its wrap program for the period from 2012 to 2017.
The Securities and Exchange Commission (“SEC”) has spent time and energy focused on proxy voting matters in the recent months. In August 2019, the SEC provided guidance (discussed below) to assist investment advisers fulfilling their proxy voting responsibilities. It also appears to have increased its attention toward regulatory actions involving proxy voting on behalf of clients.
The Securities and Exchange Commission (“SEC”) announced it had settled charges against State Street Bank and Trust for overbilling mutual funds and other investment company clients by more than $170 million over a 17-year period.
Michelle L. Jacko wrote the article titled The Changing Landscape of Disclosure: Proposed Changes to Form ADV Part 2 which was published in the National Society of Compliance Professionals (NSCP) Currents’ May/June 2008 publication. … Read More