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Registering With The Form ADV > Unit 1 - Investment Advisors - Registering With The Form ADV > Flashcards

Unit 1 - Investment Advisors - Registering With The Form ADV Flashcards

Registering With The Form ADV

1
Q

Location Of The Principal Office

A

Part 1 A

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2
Q

Location Of Books And Records (If Not At The Principal Office)

A

Part 1 A

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3
Q

Form of Business Organization (Sole Proprietorship, Partnership, Corporation)

A

Part 1 A

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4
Q

Advisory Activities ( Portfolio Management for Individuals, Portfolio Management For Investment Companies, Financial Planning Services)

A

Part 1 A

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5
Q

Other Business Activities (Broker-dealer, Agent Of A Broker-dealer)

A

Part 1 A

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6
Q

Maintaining Custody Of Customer Assets Or Exercising Discretion

A

Part 1 A

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7
Q

Details Relating To All Control Persons (Officers, Directors, Partners, Etc)

A

Part 1 A

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8
Q

Disciplinary History

A

Part 1 A

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9
Q

States In Which The IA Intends To Or Is Already Registered

A

Part 1 A

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10
Q

Compensation Arrangements (Fees, Commissions, Hourly Charges)

A

Part 2 A

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11
Q

Types Of Clients (Individuals, Institutions, Pension Plans)

A

Part 2 A

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12
Q

Type Of Investments Recommended (Equities, Corporate Debt, Municipal Securities, U.S. Treasuries, Investment Companies)

A

Part 2 A

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13
Q

Types Of Strategies Employed (Buy and Hold, Vaule, Growth)

A

Part 2 A

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14
Q

Methods Of Analysis Used (Technical, Fundamental)

A

Part 2 A

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15
Q

Educational and Business Background of Those Who Formulate Investment Advice For a Client And Have Direct Client Contact, As Well As Those Who Have Discretionary Authority Over a Client’s Assets

A

Part 2 A

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16
Q

An Audited Balance Sheet If The Investment Adviser Requires Or Solicits Substantial Prepayment Of Fees Or Maintains Custody

A

Part 2 A

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17
Q

A Brochure Contatining Information About Certain Supervised Persons

A

Part 2 B

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18
Q

Additional Questions Asked That Are Required By State Securities Authorities.
Note : Federal Covered Advisers Do NOT Complete This Part

A

Part 1B

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19
Q

Sole Proprietorship, Partnership, Corporation

A

Part 1 A

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20
Q

Portfolio Management for Individuals, Portfolio Management For Investment Companies, Financial Planning Services

A

Part 1 A

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21
Q

Broker-dealer, Agent Of A Broker-dealer

A

Part 1 A

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22
Q

Details Relating To Officers, Directors, Partners, Etc

A

Part 1 A

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23
Q

Fees, Commissions, Hourly Charges

A

Part 2 A

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24
Q

Individuals, Institutions, Pension Plans

A

Part 2 A

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25
Q

Equities, Corporate Debt, Municipal Securities, U.S. Treasuries, Investment Companies

A

Part 2 A

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26
Q

Buy and Hold, Vaule, Growth

A

Part 2 A

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27
Q

Technical, Fundamental

A

Part 2 A

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28
Q

Educational and Business Background of Those Who Formulate Investment Advice For a Client And Have Direct Client Contact

A

Part 2 A

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29
Q

Those Who Have Discretionary Authority Over a Client’s Assets

A

Part 2 A

30
Q

An Audited Balance Sheet If The Investment Adviser Requires

A

Part 2 A

31
Q

Solicits Substantial Prepayment Of Fees Or Maintains Custody

A

Part 2 A

32
Q

Note : Federal Covered Advisers Do NOT Complete This Part

A

Part 1B

33
Q

Advisory Activities

A

Part 1 A

34
Q

Excersing Discretion

A

Part 1 A

35
Q

Maintaining Custody Of Customer Assets

A

Part 1 A

36
Q

Financial Planning Services

A

Part 1 A

37
Q

Portfolio Management For Investment Companies

A

Part 1 A

38
Q

Portfolio Management for Individuals

A

Part 1 A

39
Q

Sole Proprietorship

A

Part 1 A

40
Q

Partnership

A

Part 1 A

41
Q

Corporation

A

Part 1 A

42
Q

Investment Companies

A

Part 2 A

43
Q

Hourly Charges

A

Part 2 A

44
Q

U.S. Treasuries

A

Part 2 A

45
Q

Municipal Securities

A

Part 2 A

46
Q

Corporate Debt

A

Part 2 A

47
Q

Equities

A

Part 2 A

48
Q

Buy and Hold

A

Part 2 A

49
Q

Vaule

A

Part 2 A

50
Q

Growth

A

Part 2 A

51
Q

Broker-dealer

A

Part 1 A

52
Q

Agent Of A Broker-dealer

A

Part 1 A

53
Q

Officers, Directors, Partners, Etc

A

Part 1 A

54
Q

Technical

A

Part 2 A

55
Q

Fundamental

A

Part 2 A

56
Q

Types Of Clients

A

Part 2 A

57
Q

Contains Information About The IA

A

Part 1 A

58
Q

Known As the “Investment Adviser’s Brochure”; Tends To Focus On Customer Related Information

A

Part 2A

59
Q

Known As the “Investment Adviser’s Brochure”

A

Part 2A

60
Q

Tends To Focus On Customer Related Information

A

Part 2A

61
Q

True Or False : A Federal Covered IA Only Submits Only Part 1A Of The Form ADV If They Have An Office In The State ?

A

True !! If A Federal Cover IA Has An Office In The State, The Admistrator May Require, By Rule Or By Order Any Documents Submitted To The SEC (All = Part 1A ; NEVER Part 1B Since They Don’t Do Part 1B)

62
Q

True Or False : A Federal Covered IA Has 6 Or More Retail Clients In The State Within A 12 Month Period ; Does He Have To Do Notice Filling ?

A

True ! If You Have 5 Or FEW Clients You DON’T Have To Do Notice Filing Or If You DON’T Have An Office In The State & Only Do Business With Institutional Clients

63
Q

True Or False : A Federal Covered IA Has An Office In The State ; Will He Be Subject To Notice Filling ?

A

True ! Whenever You Have An Office In The State As A Covered IA ; You Are Subject To Notice Filing !

64
Q

What Is Notice Filling ?

A

You Pay Filling Fees & The Admistrator Can Require That All The Documents That Were Submitted To The SEC (Part 1A); Gets Submitted To Him As Well. Note : Only Applys To Federal Covered IA’s ONLY.

65
Q

If A Prospective Client Wanted To Know What Type Of Investment Strategies Are Used By An Investment Adviser, That Information Would Be Found In The Adviser’s

A

Form ADV Part 2A

66
Q

Type Of Investment Strategies Are Used By An Investment Adviser

A

Form ADV Part 2A

67
Q

Investment Strategies

A

Form ADV Part 2A

68
Q

Contains The Most Useful Information To Clients, Such As The Types of Strategies Used By The Adviser

A

Part 2 A

69
Q

Contains Information Needed By The Regulators

A

Part 1 A

70
Q

Only For State-Registered IA’s

A

Part 1 B

71
Q

Contains Information Dealing With Individuals In The Firm Who Manage Accounts

A

Part 2B

Registering With The Form ADV (2 decks)

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