Form ADV Part 1: Annual Updating Amendment and More

Course Description:

Inaccurate and/or inadequate Form ADV disclosures are consistently cited in the SEC’s and many states’ list of “Top Deficiencies.” In this session, experts will systematically walk through Form ADV Part 1 and examine disclosure requirements that impact all advisers and those that impact private fund advisers. This session will also review the method of calculating “regulatory assets under management (RAUM),” examine changes to the ADV that will become effective on October 1, 2017 and provide guidance on correlating the information reported in Form ADV Part 1 to disclosures in Form ADV Part 2.

In addition to a detailed overview of Form ADV Part 1, Schedule D, and applicable Form ADV Part 1 Instructions, instructors will help you fully understand Annual Amendment filing requirements, appreciate the meaning of certain key words and terms, and avoid making common mistakes.

Learning Objectives:

After attending this course, attendees should be able to:

  • Compile and analyze the new information required by the Form ADV amendments that become effective on October 1, 2017.
  • Identify Annual Amendment filing requirements, and avoid common Form ADV Part 1 mistakes.
  • Gain insight and clarity into the information being sought in Form ADV Part 1 to help ensure that your firm is accurately reporting such information.
  • Calculate Regulatory Assets Under Management (RAUM), using Form ADV instructions.
  • Establish a team approach to develop and maintain a Form ADV Part 1 that complies with current regulations and is consistent with your firm’s Form ADV Part 2, policies and procedures, advisory contracts, client communications and advertising.
  • Isolate areas of potential conflicts of interest to alert and remind advisory firm employees of potential risk.

For Whom: Designed to increase the professional competence of investment adviser professionals with legal, compliance and management responsibilities.

Suggested Skill Level: Basic

Instructional Method: Group Internet-Based and Group Live

Pre-requisites for participation: No prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 and Form ADV to become familiar with structure and terms.

Advance Preparation: None

Continuing Education Credits:

NRS Continuing Education Guide
Maximum Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Maximum Recommended IACCP® CE Credit: 2
Maximum Recommended CA MCLE Credit: 2
Maximum Recommended CFP Credit: Credit: Pending