DEFINITION of 'SEC Form ADV'
The application for registration as an investment adviser or an amendment thereto. Part one of the SEC Form ADV provides personal information about the applicant. Part two outlines the applicant's line and scope of business, as well as the nature of the adviser's clientele and fees charged. The application is used to register with both state and federal authorities.
BREAKING DOWN 'SEC Form ADV'
Form ADV is required directly by the SEC and must be completed by any adviser seeking federal registration. This form is issued under the Investment Adviser's Act of 1940. All information recorded on the form becomes available for public scrutiny under federal law.