Source: http://www.ssb.state.tx.us/Important_Notice/Avoiding_Common_Deficiencies.php
Timestamp: 2015-10-07 15:40:01
Document Index: 246013552

Matched Legal Cases: ['arts 1', 'art 1', 'art 2', 'arts 1', 'art 1', 'art 2', 'art 1', 'art 2', 'art 2', 'art 2', 'art 1', 'art 2', 'art 1', 'art 2', 'art 1', 'art 2']

Avoiding Common Deficiencies IMPORTANT NOTICE:
The Examiners of the Registration Division are responsible for reviewing and issuing comment letters to those persons who apply for registration as investment advisers and investment adviser representatives. Avoiding common deficiencies when preparing Form ADV Parts 1 and 2 and investment advisory agreements will help speed up the review of your application. The most common errors found in an application are related to inconsistencies between Part 1, as filed on the IARD system; the new "plain language" narrative Part 2; and the investment advisory agreement/contract. Form ADV, Parts 1 and 2
The types of clients listed on Item 5.D of Part 1 match Item 7 of Part 2.A. The type of compensation listed on Item 5.E of Part 1 matches Item 5 of Part 2.A.
The fee schedule listed in Item 5 of Part 2.A matches the fee schedule in the investment advisory agreement/contract. How often fees are paid as listed in Item 5 of Part 2 matches the investment advisory agreement/contract. Services marked in Item 5.G of Part 1 match the services described in Item 4 of Part 2.A. Discretionary authority marked in Item 8.C of Part 1 matches the discretionary authority described in Item 16 of Part 2.A. Additionally, you must discuss the restrictions or limitations imposed by your clients. If you list other business in Item 6 of Part 1, discuss the other business in Item 10 of Part 2.A.
A description of services to be rendered by the adviser; a fee schedule;
how often fees are paid; whether fees are negotiable;
Employees as Registered Reps 5B(2) 10A 4A Employees are insurance agents 5B(5) 10C 4B Use of solicitors 5B(6), 8H 14B Types of clients 5D 7 Compensation 5E 5A 5E 10D 14 4A, 4B Performance Fees 5E 6, 19C Assets under management 5F 4 ( do not have to match, but must be w/in 90 days) Services provided 5G 4 Wrap Program 5I 4D, if so, Appendix 1 is required Advise on limited security types 5J 4B Other financial business 6A 5E, 10A,10B, 10C Other business or services 6B 19B Financial industry affiliations 5B, 7A 10A, B, and/or C, 19E Private Fund Adviser Please submit: LPA, PPM and Sub Docs
7B 4, 5, 10C Your interest in client trades 8A 11B, 11C, 11D Sales interest in client trades 8B, 5B, 7B 11B Discretion 8C 4, 16, 18B Related brokers 8D, 8F 10A, 10C Recommend brokers 8E 12A Soft dollars 8F, 8G 12A Receive pay for referrals 8I 10D, 14A 5 Custody 9 15, 18B Disciplinary disclosures 11 9, 19D 3, 7 Direct Owners Schedule A 4, 19A Accessibility & Site Policies