This Form ADV Part 3 Drafting & Filing Service provided by RIA Compliance Consultants is to assist an investment adviser firm with preparing and filing its Form ADV Part 3/Client Relationship Summary (“CRS”).
The requirements of the Form ADV Part 3/CRS are applicable to investment advisers registered or applying for registration with the U.S. Securities and Exchange Commission (“SEC”) which serve at least one “retail investor” as defined by the SEC. For more information on the Form ADV Part 3/Client Relationship Summary visit https://www.sec.gov/rules/final/2019/34-86032-appendix-a.pdf or visit our Form ADV Part 3 FAQ page at https://www.ria-compliance-consultants.com/form-adv-part-3-faqs/.
From May 1, 2020 to May 31, 2020, RIA Compliance Consultants is charging a fee of $795 for this Form ADV Part 3 Drafting & Filing Service.
The deadline for an SEC registered investment adviser firm to file the Form ADV Part 3/CRS with the SEC via the IARD system is June 30, 2020. Additionally, an SEC registered investment adviser firm must also begin delivering the Form ADV Part 3/CRS to new and prospective clients and customers who are retail investors starting June 30, 2020. The deadline for delivering the Form ADV Part 3/CRS to existing investment advisory clients who are retail investors is July 30, 2020.
Our Form ADV Part 3 Drafting & Filing Service will be limited to investment adviser firms. RCC will not assist with drafting or reviewing any Client Relationship Summaries for broker-dealers.
Our standard fee will cover RCC’s preparation of one investment advisory Form ADV Part 3/CRS (if investment adviser firm has four or less investment advisory services and no disciplinary history) and filing with the SEC (if investment adviser firm has set up RCC as user on IARD/CRD Account).
After receiving the online payment for this Form ADV Part 3 Drafting & Filing Service, a member of our Business Development Team at RIA Compliance Consultants will send you an email requesting that you execute an electronic engagement agreement. (If you would like to view or execute this electronic engagement now, please click here.)
Once we have received your executed engagement agreement along with your online payment, we will email you instructions on how to provide RIA Compliance Consultants with user access to your investment adviser firm’s IARD/Web CRD Account. This will allow us to prepare and submit documents on your behalf.
Your investment adviser firm will then complete our online questionnaire for the Form ADV Part 3/CRS. Upon completing the questionnaire, we will schedule a call between you and our compliance consultant to discuss and finalize the draft Form ADV Part 3/CRS.
Please understand that in preparing the Form ADV Part 3/CRS, RIA Compliance Consultants will rely solely upon your investment adviser firm’s answers to the online questionnaire and your most current Form ADV Part 2A filed with the SEC. For purposes of preparing this Form ADV Part 3/CRS, we will not otherwise review your existing Form ADV Part 2A for accuracy, consistency or other purposes. RIA Compliance Consultants relies upon your investment adviser firm for verifying the accuracy of all statements within the Form ADV, identifying conflicts of interest and describing the extent of such conflict and how you mitigate such conflict.
Upon your investment adviser firm’s final approval of the draft Form ADV Part 3/CRS and subsequent instruction, RIA Compliance Consultants will file the Form ADV Part 3/CRS with the SEC via the IARD system (if your investment adviser firm has set us up as user on your IARD/CRD Account and instructed us to file). Your investment adviser firm will then post the final Form ADV Part 3/CRS to your investment adviser firm’s website and distribute to your new and existing investment advisory clients who are retail investors.