Form CRS Deadline Reminder

In response to new SEC regulations, investment advisers with "retail clients" must file a Form ADV Part 3 (Form CRS) sometime between May 1, 2020 and June 30, 2020. A retail investor is defined as "a natural person, or the legal representative of such natural person, who seeks to receive or receives services primarily for personal, family or household purposes." Because this is a new required filing, investment advisers will not have drafts from previous years with which to work. The SEC has published an FAQ to help investment advisers as well as detailed instructions to follow.

For help completing a Form CRS or if you have any questions about Form CRS or any other issues, please contact Matt Fornshell at matt.fornshell@icemiller.com or Erik Hansen at erik.hansen@icemiller.com.

This publication is intended for general information purposes only and does not and is not intended to constitute legal advice. The reader should consult with legal counsel to determine how laws or decisions discussed herein apply to the reader’s specific circumstances.