Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Form ADV Part 1 is the regulatory filing for the SEC and states, while Part 2 (the brochure) is the disclosure document for clients. - Part 2A is the firm's brochure, detailing services and fees, while Part 2B is the supplement, detailing the backgrounds of specific advisory personnel. - The client brochure must be delivered no later than the time of entering into an advisory contract. - Advisers must file an annual updating amendment within 90 days of their fiscal year-end and deliver a summary of material changes to clients within 120 days. - Any material changes to the Form ADV require a "prompt" filing of an other-than-annual amendment. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep