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SITE EXPLANATION |
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Below are the topics discussed. Click on a link below to read more about this site.
Background
What is on this Website?
What is Form ADV?
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Background
The
U.S. Securities and Exchange Commission (SEC) sponsors
this website. This website, however, provides information about both SEC- and state-registered
investment adviser (IA) firms.
Investment advisers generally are regulated by the SEC or state securities authorities.
The SEC typically regulates investment advisers that have assets under management
in excess of $25,000,000. Investment advisers that do not meet this threshold generally
are regulated by the states. The SEC registers IA firms but does not separately
register individual representatives of IA firms. The states register IA firms, and
many separately register individual investment adviser representatives.
Currently, you can only search for IA firms on this website. In the future, this
website also will provide the ability to search for individual investment adviser
representatives.
In 1996 Congress amended the Investment Advisers Act of 1940 to require that
the SEC establish a readily accessible electronic process to respond to public inquiries
about investment advisers and their disciplinary information. The SEC created this
website to satisfy Congress’ mandate.
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What is on this Website?
On this website, you can (1) search for an investment
adviser, (2) view the adviser’s current Form ADV, (3) check the adviser’s registration
status, (4) link to a state regulator’s website, and (5) link to the FINRA BrokerCheck
Website for information about broker-dealers and stockbrokers.
The information about investment advisers that appears on this website is filed
by investment advisers on Form ADV. Neither the SEC nor the state securities authorities
have approved the information filed on Form ADV, and we can not guarantee its accuracy.
If you discover some disclosure that you believe is false or misleading, you should
notify us using the SEC’s electronic complaint form, available at
www.sec.gov, or the appropriate state securities authority through
www.nasaa.org
.
This website displays an investment adviser’s most recent Form ADV. The website
is updated as investment advisers amend their Form ADVs.
This website contains information on investment advisers that currently are registered
with the SEC or a state. This website also contains information on investment advisers
that were registered in the previous two years but are no longer registered. You
should click on "Registration Status" to check whether a firm currently is registered
as an investment adviser.
This website does not contain information on advisers that:
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1) Are exempt from registration by law. |
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2) Have filed an application for registration with the SEC or a state, but have
not had their registrations approved. |
Note: An investment adviser will not appear on this website if the investment adviser
has not filed through the IARD electronic registration system. Thus, until all investment
advisers file through IARD, some investment advisers that are registered will not
appear on this website. If you want to check on an investment adviser's registration
status, you should contact the SEC at (202) 551-7250 or contact the appropriate state
securities authority through http://www.nasaa.org
.
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What is Form ADV?
Investment advisers file Form ADV to register with the SEC and/or the states, and
must periodically update the information on their forms. Form ADV contains information
about an investment adviser and its business operations. Form ADV also contains
disclosure about certain disciplinary events involving the adviser and its key personnel.
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