2012 IARD Renewal & Form ADV Annual Amendment Requirements

October 18, 2011

Beginning Monday, November 14, 2011, registered investment advisor firms can access their 2012 Preliminary Renewal Statements via their IARD account. The Preliminary Renewal Statement must be paid, in full, by Monday, December 12, 2011. Because it takes approximately two days for payment to post to the IARD account, the funds should arrive no later than Thursday, December 08, 2011, to ensure the money is posted to your IARD account by December 12. Click here for the full 2012 IARD Renewal Calendar.

RIA Compliance Consultants also wants to remind registered investment advisor firms of their obligation to update Form ADV on at least an annual basis in the form of an Annual Amendment. This is required under U.S. Securities and Exchange Commission (“SEC”) Rule 204-1 of the Investment Advisers Act of 1940 and similar rules of state securities regulators. The Form ADV Annual Amendment must be completed within 90 days after a registered investment advisor firm’s fiscal year end. This year, all SEC registered investment advisors must file an amendment by March 30, 2012 to indicate whether they are eligible to remain SEC registered. Since the majority of investment advisor firms coordinate their fiscal year end with the end of the calendar year, the Form ADV Annual Amendment has become a requirement that must be completed at the beginning of each year for most advisor firms. This will mean that the eligibility filing will be done with the fiscal year end filing for many firms but not all.

RIA Compliance Consultants can assist you with renewals and Form ADV amendment needs, which for many firms may include the switch from SEC to state registration this year. RIA Compliance Consultants will help your firm confirm its registration status in all necessary jurisdictions and confirm the registration status of all investment advisor representatives for 2012. We can also help you with any Form ADV amendment filings once we determine which type of filing is appropriate for your firm. If you are an existing client of RIA Compliance Consultants interested in engaging us for assistance with your renewals and Form ADV amendment filing, please contact your consultant to discuss the package options available. If you are a new client interested in these services, please click here to schedule a time to speak with one of our consultants.

Engagements for annual renewal services received by RIA Compliance Consultants after November 30 are subject to availability so contact us soon to discuss the available options!

*If you are an annual retainer client of RIA Compliance Consultants, renewal and Form ADV Annual Amendment Services are included in your retainer agreement. If you are required to switch from SEC to state registration you will need to contact your consultant to discuss service options. To learn more about our retainer services and fees, please contact your consultant or schedule a time to speak with one of our consultants via the link provided above.

Posted by Bryan Hill
Labels: Annual Amendment, IARD, Renewals