With the release of Web CRD & IARD release 9.0 investment advisors may now file their Form ADV Part II and Schedule F via the IARD system.

The IARD system now has the ability for firms to upload a text-searchable PDF file of their Form ADV Part II and Schedule F or Brochure.  The text searchable form can be found on the NASAA website at www.nasaa.org.        

The Form ADV Part II Navigation Guide and the Frequently Asked Questions page can be found at www.iard.com.      

SEC registered investment advisors are not currently required to file their Part II electronically.  However, the firm still needs to provide prospective clients with a copy of the Part II or brochure, containing at least the same required information.  Also, a copy of the Part II must be kept in the investment advisor’s office for inspection by the SEC.

Some states are already requiring investment advisors to upload their Form ADV Part II and Schedule F to the IARD system.  Therefore, state registered advisors should be prepared to file their documents online sooner rather than later. 

Regulatory Compliance is in the process of converting and uploading our Compliance Partner’s forms to this new format.  If you would like us to assist you in this process, please contact us at 603-434-3594. 

To check the requirements of your state, check with your state securities regulator directly.  The NASAA website has a complete list of all state regulators along with address and telephone numbers at www.nasaa.org.