In order to file a registered investment adviser application with the appropriate regulatory jurisdiction, one must first apply to the Financial Industry Regulatory Authority (FINRA) for an account (Entitlement) to their WebCRD/IARD on-line system (the web application for the registration of RIA firms and their representatives). While RIA firms are in no way regulated or supervised by FINRA, the states and the SEC use FINRA’s WebCRD/IARD system to process applications.
RIA in a Box will complete the appropriate Entitlement forms, submit, monitor, and establish the appropriate user permissions (Entitlements) to the account.
The Form ADV Part 1 is the on-line component of your Firm’s registration documentation. The Form ADV Part 1 primarily discloses information about the firm. Individual information is primarily disclosed in the Form U4 as detailed below. The Form ADV Part 1 is also the vehicle to upload your Firm’s Form ADV Part 2A (Firm Brochure) and Form ADV Part 2Bs (Brochure Supplements).
RIA in a Box will complete the on-line Form ADV Part 1 and accompanying Schedules: A (Ownership Information); B (Indirect Ownership Information); D (Detailed information for Form ADV Part 1 disclosures including: Private Fund, Branch Office, and Affiliation Information disclosures), Form ADV Part 1B (Additional required information for state-registered firms); and also upload the Form ADV Part 2A and the Form ADV Part 2Bs to the Form ADV Part 1.
The Form ADV Part 2A acts as your firm’s brochure. It is a narrative description of your firm's services, fees, disciplinary disclosures, and several other firm details. The Form ADV Part 2A must be provided to all current and prospective clients. All jurisdictions require that the Form ADV Part 2A be written in “plain English” and easily understood by your firm's clients.
After a thorough information gathering and interview process, RIA in a Box will create an Form ADV Part 2A built specifically to your firm’s business model while ensuring that its format, content, and disclosures meet your jurisdiction’s compliance requirements. Given that each RIA firm must provide the Form ADV Part 2A to all prospective and current clients, RIA in a Box will ensure the document is attractive, compliant, and accurate. In addition, RIA in a Box will brand your firm's Form ADV Part 2A Brochure with your firm’s logo.
The Form ADV Part 3 more commonly referred to as the Form CRS is a required document for all SEC-registered RIA firms that serve retail investors. In paper format, the Form CRS should not exceed 2 pages and should be drafted using "plain English." SEC-registered RIA firms that serve retail investors are required to publicly file and provide the Form CRS to prospective and existing clients.
After a thorough information gathering and interview process, RIA in a Box will create a Form CRS built specifically to your firm’s business model while ensuring that its format, content, and disclosures meet the SEC's compliance requirements.
The Form U4 is the on-line component of an individual’s registration to a RIA Firm. The Form U4 is filed with the appropriate jurisdiction(s) in which an individual Investment Adviser Representative will be working by utilizing FINRA’s WebCRD system. The form must be accurate and includes biographical, residential, employment, outside business activities and disciplinary history. The information from this form is used to populate the publically available information on the Investment Adviser Public Disclosure search website maintained by the SEC.
The Form ADV Part 2B is the paper brochure that Investment Adviser Representatives must (generally) provide to clients. This form contains employment, educational, conflict of interest, and disciplinary information. Generally, Executive Officers, any person providing investment advice to clients, and any representative advising clients must have a Form ADV Part 2B.
Many states require additional supplementary documents to be created which are unique to an individual state’s regulatory requirements. RIA in a Box will create these supplementary documents and file them with the state(s) as required.
RIA in a Box will handle all required filings and ongoing correspondence with the relevant jurisdiction(s). Our experienced team will also address all deficiency letters on your behalf in a timely and compliant manner to ensure the registration process move as quickly as possible.
Additional fees apply for the registration of additional individual representatives ($400 per) and registering the firm in additional jurisdictions ($800 per). State/SEC filing fees, FINRA filing fees, and exam fees are not included in the prices above and go directly to the agencies.
RIA in a Box will provide your firm with a standard Client Advisory Agreement including an investment policy statement ensuring your firm's agreement meets the appropriate regulatory authority standards.
RIA in a Box will work with you to create a robust manual that is also a usable tool written in plain English. This is a very comprehensive, customized document that will be the foundation of conducting advisory business in a compliant manner.
RIA in a Box will help craft your firm’s Code of Ethics ensuring your firm meets the appropriate regulatory authority standards and is set up to conduct your business with the proper ethical standards.
RIA in a Box will help craft your firm’s Business Continuity Plan ensuring your firm meets the appropriate regulatory authority standards and is properly prepared should the unexpected business disruption occur.
RIA in a Box will tailor an information security policy unique to your firm to help address regulatory requirements and cyber security concerns. The policy will include an inventory of your firm's technology infrastructure, detailed security guidelines, user login and password management issues, the use of antivirus software, testing procedures, and many other areas of importance.