Many RIAs whose fiscal year ended in December will be using the new Form ADV for the first time, notes Financial Planning, so it’s a good time to review and understand the new disclosure requirements. Review changes include: counting clients and assets, web site and social media presence, and location and information about offices, the publication reports. See the full story below. Also, the SEC’s Office of Minority and Women Inclusion has created a Diversity Assessment Report designed to help SEC-regulated entities assess their diversity policies and practices, according to ThinkAdvisor. “This is an important step in our efforts to understand the diversity and inclusion efforts of our regulated entities,” said an SEC official. See the article link below.
Meet the new Form ADV
By Charles Paikert
Source: Financial Planning
If you haven’t encountered the new Form ADV yet, be prepared to make its acquaintance in the next two months. To make sure the meeting doesn’t become contentious, some guidance may be in order. Two years in the making, the revised Part 1A of the SEC form, introduced last October, represents a “significant overhaul” to its predecessor, according to Jamie Nash, partner for the New York law firm Kleinberg, Kaplan, Wolff & Cohen. Many RIAs whose fiscal year ended in December will be using the new form for the first time when they file, as required, before March 31 this year.
SEC Launches Diversity Assessment Report
By Melanie Waddell
The Securities and Exchange Commission’s Office of Minority and Women Inclusion introduced on Thursday a Diversity Assessment Report for Entities Regulated by the SEC, which is designed to help SEC-regulated entities conduct self-assessments of their diversity policies and practices.