SEC: Adviser disclosure form revamped
New customer disclosure rules for registered investment advisers were adopted last month by the SEC. Changes to Form…
New customer disclosure rules for registered investment advisers were adopted last month by the SEC. Changes to Form ADV Part 2, the principal disclosure document for clients and prospective clients, include a mandate that advisers write a narrative organized in a consistent, uniform manner and provide plain-English disclosures about business practices, fees and more. For more details, click here.
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