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This form provides essential information about Millington Financial Advisors, LLC including business registration details, compliance, and advisory services information.
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Form ADV is a form that investment advisers in the United States are required to file with the Securities and Exchange Commission (SEC) and state regulators. It provides detailed information about the adviser's business, services, and fees.
Investment advisers who manage assets of $25 million or more, or those that need to register with either the SEC or state regulators, are required to file Form ADV.
Form ADV consists of multiple parts where advisers must provide information about their services, fees, business practices, and other data. Advisers must complete the relevant sections accurately and submit it electronically through the Investment Adviser Registration Depository (IARD).
The purpose of Form ADV is to ensure transparency in the investment advisory industry, allowing investors to gain insight into an adviser's qualifications, business practices, and potential conflicts of interest.
Form ADV requires reporting of various information such as the adviser's business structure, ownership, types of advisory services offered, fees charged, disciplinary history, and financial conditions.
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