00:00 Opening
1:43 Who regulates a Registered investment Advisor
2:22 Definition of an Investment Advisor
Natural vs unnatural person
4:37 IA Exclusions
6:10 IA Exclusions
Incidentals
L.A.T.E.
8:57 Broker Dealer
12:00 IA SEC exemptions
12:23 IA State Exemptions
14:37 IA registration with SEC or State(s)
$110mil or more SEC only
$100-110mil State or SEC
Less than $100mil state only
16:32 Fed or State
18:05 IA Form ADV part 1 & 2
24:15 Form ADV part 2
26:05 Material changes
Alter a decision
27:23 IA Contracts & brochures
Services
Fees
No waiver of performance
Assignment only with consent
32:25 Wrap fee brochure
34:17 B/D’s as third party solicitors
Placement agent
37:45 B/D’s soft dollar compensation
No travel
No rent
No non customer related expenses
39:40 Other required filings
Within 90 days fiscal year
Change in management
Form of business
40:17 IA Successor firm
41:17 Net worth requirement for RI
$10,000 non custodial
$35,000 with custody
43:18 IA Falls below net worth
44:17 IA Financial impairment
44:34 IA record keeping requirements
Easily accessible 24 hours
Can be read and copied
Material changes
Partnership record keeping agreements 3 years
46:28 Withdraw of IA registration
ADV-W
Effective 30th day
46:56 Definition of an Investment Advisor Representative
47:58 Investment advisor representative Exclusions
50:05 IAR registration
File form U4
30 days after receipt effective
Renew December 31st
Material changes on U4
30 days
No net worth for natural persons
52:57 Conclusion
24 июл 2024
