Annual Updating Amendments

All advisers must file an annual updating amendment within 90 days after the end of the firm’s fiscal year.  Part of the annual updating amendment is a review of the firms Part 2A of Form ADV.  Take time to do a thorough review of the entire document and not just make an adjustment to the AUM number.  Don’t forget to update the Material Changes page, if necessary.

In addition to Part 2A, review all Part 2Bs.  Update the date on each cover page, confirm that there is no new outside business activities to report.

When was the last time that you reviewed each Investment Adviser Representatives U-4?  Confirm that the information in the U-4 is current and consistent with the information on the Part 2B.



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