Get the free Part 2B of Form ADV: Brochure Supplement

This document provides supplementary information about Kelly A. Wellborn, including educational background, business experience, disciplinary information, other business activities, additional compensation,

How to fill out part 2b of form

How to fill out Part 2B of Form ADV: Brochure Supplement

1. Begin with the firm’s name and address at the top of the brochure supplement.
2. Include the name of the supervised person that the supplement is about.
3. List the person's educational background, including degrees earned and any relevant certifications.
4. Describe the person's business experience over the past five years, including job titles and responsibilities.
5. Provide details about any disciplinary history, including any regulatory or legal actions taken against the person.
6. Outline the person's investment-related qualifications and professional associations.
7. Include information on how the person is compensated, particularly if there are commissions or performance fees involved.
8. End with a section on other business activities the person may be engaged in that could create a conflict of interest.

Who needs Part 2B of Form ADV: Brochure Supplement?

1. Investment advisers who provide personalized advice to clients.
2. Registered representatives of broker-dealers who have a fiduciary duty to their clients.
3. Financial professionals who are required to disclose information about their qualifications and any potential conflicts of interest.

People Also Ask about

What are the parts of form adv part 2?

Part 2A of the Form ADV, also known as the firm brochure, contains narrative information divided into the following 19 sections. Cover Page. Material Changes. Table of Contents. Advisory Business. Fees and Compensation. Performance-Based Fees and Side-By-Side Management. Types of Clients.

What is the difference between ADV part 1 and ADV part 2?

Any firm or individual who acts as an investment advisor on behalf of an investment company is also required to file with the SEC, no matter the amount of AUM. Firms that register with the SEC are not required to file with states, but they must file a notice of SEC registration with each state where they do business.

Who must file form ADV part 2B?

Firms are required to provide Part 2 of Form ADV to existing and prospective clients. All SEC-registered and some state-registered Investment Adviser firms are required to submit Part 2 of Form ADV online through the IARDTM system.

What is the ADV brochure rule?

The brochure rule states that the required information must be provided to new clients at least 48 hours before entering into an advisory contract. Advisors must give existing clients a new brochure every year. Failure to provide the brochure is considered fraudulent behavior.

Who is required to file form ADV?

Form ADV includes two parts, both of which provide detailed information about the firm. Part I is a fill-in-the-blank form, and Part II is a brochure written in prose. The first part contains basic facts about the firm, like its fees, client types, assets under management and any disclosures.

Who needs an ADV part 2B?

Part 2B of Form ADV is called the “brochure supplement.” An investment adviser must give a client a brochure supplement for each individual that it supervises who: (1) formulates investment advice for that client and has direct client contact; or (2) makes discretionary investment decisions for that client's assets,

What is the ADV Part 2B the brochure supplement?

Part 2B of Form ADV requires advisers to prepare narrative brochures which contain information on the educational and business background of management and key advisory personnel of the adviser.

For pdfFiller’s FAQs

What is Part 2B of Form ADV: Brochure Supplement?

Part 2B of Form ADV: Brochure Supplement is a document that provides specific information about the investment advisory personnel and their qualifications. It is intended to help clients understand whom they are working with and to improve transparency in the advisory relationship.

Who is required to file Part 2B of Form ADV: Brochure Supplement?

Investment advisers who provide investment advice to clients are required to file Part 2B of Form ADV: Brochure Supplement, particularly those who have one or more individuals acting as investment adviser representatives.

How to fill out Part 2B of Form ADV: Brochure Supplement?

To fill out Part 2B, an adviser must provide detailed information about the adviser representatives, including their educational background, business experience, disciplinary history, and any other relevant qualifications. The form should be completed accurately and in accordance with regulatory guidelines.

What is the purpose of Part 2B of Form ADV: Brochure Supplement?

The purpose of Part 2B is to disclose specific information regarding the qualifications and experience of investment adviser representatives to clients. This aims to enhance informed decision-making and build trust in the advisory relationship.

What information must be reported on Part 2B of Form ADV: Brochure Supplement?

Part 2B must report information including the representative's educational background, business experience over the past five years, disciplinary history (if any), other business activities, and any additional relevant professional certifications or designations.