As of June 30, 2020 Registered Investment Advisers and Broker-Dealers are required by the SEC (Securities and Exchange Commission) to create, file, and share with current clients a new disclosure form known as Form CRS (Client Relationship Summary).
The goal of this new form is to enhance transparency, and reduce retail investor confusion about how Registered Investment Advisers and Broker-Dealers differ. This helps to educate investors, and enables them to make informed decisions.
The Form CRS has many required sections and even required sentences (we’ve shown these in green). Ideally, the piece is simple and easy to read. Topics include services, fees, conflicts of interest, standard of conduct, and disciplinary history.
For us, we are happy about this new requirement as it differentiates our unique offering, top-tier team, history of no disciplinary action, and the way we structure management fees versus other firms.
Although sharing this document with you is required, no action is needed on your part.
Happy reading and of course, feel free to reach out to us if you have any questions.
Referenced is our Firm Brochure (ADV): click here to download