IAA 2016 Webinar Series: Understanding Form ADV Part 1 Amendments

December 07, 2016
02:00 PM - 03:15 PM ET
01:00 PM - 02:15 PM CT
11:00 AM - 12:15 PM PT

Jen Klass will speak during an IAA webinar that will address changes the SEC recently adopted to Form ADV Part 1 that require firms to report detailed information about their separately managed accounts (SMAs). Advisers with over $500 million in SMAs will need to provide the gross notional exposure of derivatives and information about borrowings in those accounts, and advisers with over $10 billion in SMAs will report additional data on derivatives use in the SMAs.

This webinar will go through all of the new amendments item-by-item, including a discussion of:

  • Accounts that are “SMAs” for which firms must report asset types, derivatives exposures, and borrowings information.
  • Additional information firms must provide about custodians for SMAs, advisers’ offices, CCOs, social media, and types of clients.
  • How firms are to report their RAUM attributable to each type of client.
  • Who is eligible to use new umbrella registration on Schedule R.