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A Better Partnership

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Mar 2012
19
March 19, 2012

Initial Brochure Delivery Requirements Change


Previously, delivery of an adviser’s Brochure (Form ADV Part II and now Part 2) had to occur at least 48 hours before the adviser signed an advisory agreement with the client, or the client had a five day right to terminate the agreement.  Under the amended rules, investment advisers must provide its Brochure to the client before or at the time the client signs an advisory agreement.  If you are an adviser with the “old” requirement in your client agreement, we recommend you update your agreement to reflect the new requirements.  For assistance, contact your WNJ attorney.

NOTICE. Although we would like to hear from you, we cannot represent you until we know that doing so will not create a conflict of interest. Also, we cannot treat unsolicited information as confidential. Accordingly, please do not send us any information about any matter that may involve you until you receive a written statement from us that we represent you.

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