Form ADV Part 3 – Form CRS Relationship Summary

Form ADV Part 3 – Form CRS Instructions

SEC Proposed Rule – Form CRS Relationship Summary; Amendments to Form ADV

On April 18, 2018, The Securities and Exchange Commission (SEC) voted to propose rules and interpretations designed to enhance the transparency of investors’ relationships with investment advisers. One of the SEC’s proposals is Form CRS – Form ADV Part 3. Form CRS would provide investors with easy-to-understand information about their relationship with their investment professional. Form CRS would be a supplement to more detailed disclosures investment advisers provide in the Form ADV.  As proposed, Form CRS would be a standardized, short-form (4-page maximum) disclosure designed to highlight differences in principal types of services offered, fees clients might pay, and certain conflicts of interest that may exist. Form CRS is also being referred to as the Form ADV Part 3. The SEC has already prepared instructions for filing the Form ADV Part III, including instructions for delivery requirements, initial filings, and updating filings. Click the link above to view the SEC’s instructions.