As of today, June 30, 2020, the Securities and Exchange Commission (SEC) requires that all registered investment advisers (RIA’s) deliver to clients a “relationship summary” disclosing certain information about their firms. This new document is also known as “ADV Part 3.” As you may recall, SIA offers our firm’s ADV Part 2 to clients annually. Both documents are available through the SEC’s website.
Under rule 17a-14 of the Security Exchange Act of 1934 and rule 204-5 of the Investment Advisers Act of 1940, broker-dealers registered under section 15 of the Exchange Act, and investment advisers registered under section 203 of the Advisers Act, are required to deliver this information to clients.
To read SIA’s summary, please click the link below: