Beginning in the spring of 2020, registered investment adviser ("RIA") firms registered with the Securities and Exchange Commission ("SEC") that serve retail investors are required to file and share the new Form ADV Part 3 or Customer Relationship Summary (commonly referred to as the Form CRS) with their current and prospective retail investors. There are a number of steps an RIA firm can take to help prepare to meet the June 30, 2020 initial filing deadline.
Much like RIA in a Box has helped to automate the creation and filing of an investment adviser's firm Form ADV Parts 1 and 2, RIA in a Box has designed a proprietary online tool to help automate the initial creation of a firm's new Form CRS:
The Form CRS tool is available for no additional charge to all MyRIACompliance® subscribers.
For RIA firms, the Form CRS has 5 required items:
Form CRS Resource Library