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FORM ADV Changes - Summary

Posted on January 12, 2018 at 9:50 AM

I came across the following handy checklist published by the Investment Advisers Association that should be considered by investment advisers when they need to update their Form ADV.

As a reminder, highlights of the amendments to Form ADV include the following:

 Umbrella Registration for Private Fund Managers

 Separately Managed Accounts

 Other: The revised Form also now requires new or additional information regarding (among others):

 the breakdown of “regulatory assets under management” among categories of clients;

 accounts on social media platforms (including, but not limited to, Twitter, Facebook and LinkedIn);

 branch offices;

 parallel managed accounts; and

 outsourced chief compliance officers.

The new form was required to be used starting October 1, 2017. As a practical matter, investment advisers will generally not use the new Form until filing their next annual updating amendments (January 1, 2018 and April 2, 2018 (March 31, 2018 is a Saturday) or until they are filing an amendment due to material changes.

Read More:
• FORM ADV Checklist


• SEC Frequently Asked Questions on Form ADV and IARDFAQs


• PDF version of the new Form ADV can be downloaded


Categories: Regulatory Filings