In Jun. 2019, the Securities and Exchange Commission (“SEC”) finalized a new rule that requires RIA firms to provide a brief relationship summary to retail investors known as Form CRS or Form ADV part 3. According to the SEC, the new Form CRS “is intended to inform retail investors about: (i) the types of client and customer relationships and services the firm offers; (ii) the fees, costs, conflicts of interest, and required standard of conduct associated with those relationships and services; (iii) whether the firm and its financial professionals currently have reportable legal or disciplinary history; and (iv) how to obtain additional information about the firm.”
In this visual guide, we walk through five requirements RIA firms must satisfy on Form CRS.
This informative infographic contains:
- Mandated sections to include in your Form CRS.
- When disciplinary history must be disclosed.
- “Conversation starter” questions to highlight throughout Form CRS.
Contact us if you any questions about Form CRS.