Compliance Solutions for Investment Advisers

California Requirements

For those SEC-registered advisers transitioning to registration in the State of California, you need to include the following two disclosures in your ADV Part 2A:

  • “XYZ Advisors has disclosed all material conflicts of interest under section 260.238(k) of the California Code of Regulations regarding the firm, its representatives and its employees which could be reasonably expected to impair the rendering of unbiased and objective advice.”
  • “Lower fees for comparable services may be available from other sources.”

 

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