Brunch & Budget ADV Part 2
Get to know your investment adviser/financial planner
You can download our ADV Part 2 at this link: http://brunchandbudget.com/wp-content/uploads/2022/12/Brunch-Budget-ADV-Part-2-Brochure_12.5.2022-1.pdf
DO YOU KNOW YOUR INVESTMENT ADVISER?
Brunch and Budget is a Registered Investment Adviser (RIA) with the state of New York. Since our services include providing investment advice to clients, we are required to register with the state securities authorities. This registration requires our compliance with state and federal law that governs those (like us), RIAs.
Important Note: Registration of an Investment Adviser does not imply any level of skill or training.
The above is in-part the reasoning behind the Form ADV. Form ADV is the uniform form that investment advisers have to use to register with both the Securities & Exchange Commission (SEC) and state securities authorities. The letters A-D-V is short for adviser.
Known as a narrative brochure, Part 2 of the Form ADV contains information that is considered most relevant and important to clients. The requirements of Part 2 are designed to provide new, prospective and existing clients with clearly written, meaningful current disclosure of the business practices, conflicts of interest, and background of the investment adviser firm and the firm’s employees who provide advice.
Part 2 of the Form ADV is divided into 2 sub-parts: Part 2A & Part 2B.
Part 2A contains information about the Advisory firm as a whole. Items to be included in the investment adviser’s brochure addresses an investment adviser’s conflicts of interest with its clients and is the disclosure that an investment adviser, as a fiduciary, must make to clients. The required disclosures include the following:
- Advisory business
- Fees and compensation
- Performance-based fees and side-by-side management
- Methods of analysis, investment strategies, and risk of loss
- Disciplinary information
- Code of ethics, participation or interest in client transactions, and personal trading
- Brokerage practices
Part 2B can be seen as information about the Bodies (the people) who work for the firm. Referred to as the “brochure supplement,” Part 2B contains information about the educational background, business experience, and any disciplinary history of the specific individuals who provide advisory services to the client. It consists of 6 items including the following:
- Educational background and business experience
- Disciplinary information
- Other business activities
- Additional compensation
- Requirements for State Registered Advisers
You can download our ADV Part 2 at this link: Brunch & Budget ADV Part 2 Brochure_09-07-2022