“Cheers” to new compliance requirements… SEC ADV Part 3 (Form CRS)
Happy Thursday! Most of you are already aware of the “Form CRS” requirement or ADV Part 3 adopted by SEC this past June. Good news, it’s not a requirement till mid-2020 so you have time. Or, if you don’t have time, I can create Form CRS custom for your Hybrid RIA or RIA!
I really like this new requirement; retail investors will appreciate a “plain English”, 4-page or less document. I know my parents will! Clients get overwhelmed with extensive documents, disclosures, and trying to understand what is best for them. Form CRS has very specific instructions which can be found on the SEC’s website (I’ve embedded the link below).
Click here for more info and specific SEC requirements.
Cheers from Sonja Rae @ RIA-CCO
