What is 'SEC Form ADV-W'

The SEC Form ADV-W is a form used to withdraw registration as a Registered Investment Adviser with the SEC. This form has several schedules that must be completed listing the advisor's contact information, current business and status of clientele. A statement of financial condition, along with a description of books and records, is also required.


SEC Form ADV-W is submitted when an RIA no longer wishes to maintain his or her active license to practice as an investment adviser. It is also used if the adviser is switching from federal to state registration. But advisers pursuing the latter course of action do not need to complete sections 1E through eight of the form. Other forms related to this filing include Form ADV-R and ADV-S.

Information Required on Form ADV-W

An RIA who wishes to deregister with the SEC must provide all of the following information on the Form ADV-W and its schedules:

  • Name, CRD number, and other identifying information
  • Status of Advisory Business, including the date he or she ceased to do business, and the reason for his or her withdrawal from business
  • Money owed to clients
  • Custody of client assets
  • Advisory Contracts, including whether they have been assigned and to whom
  • Judgments and liens against the RIA
  • Statement of financial condition
  • Books and records, including identifying information of persons who will keep copies of the books and records, and the location of said books and records
  • Signature of the RIA
  • Any additional information

Often, an RIA will seek the assistance of his or her attorney to fill out and file the Form ADV-W. Form ADV-W can be used to withdraw an RIA’s SEC registration in all states and jurisdictions in which he or she does business, or in only some of them; the latter is known as a partial filing.

Record Keeping Requirements after Filing Form ADV-W

Once Form ADV-W is filed, the de-registered advisor will need to maintain all of his or her records and books for some period of time, usually about three to five years after filing. The exact length of time depends on the state in which the advisor was registered.

  1. SEC Form F-4

    SEC Form F-4 is a filing that the Securities and Exchange Commission ...
  2. SEC Form S-8

    SEC Form S-8 is a registration form for securities offered as ...
  3. SEC Form N-SAR

    SEC Form N-SAR is a U.S. Securities and Exchange (SEC) filing ...
  4. SEC Form 497

    SEC Form 497 is a document that investment companies must use ...
  5. SEC Form 487

    SEC Form 487 is a filing with the SEC, also known as the Pre-Effective ...
  6. SEC Form BD

    SEC Form BD must be submitted to the U.S. Securities and Exchange ...
Related Articles
  1. Financial Advisor

    Becoming A Registered Investment Advisor

    To become a registered investment advisor requires specific licensing, qualifications and regulations, but the greater freedom may be worth it.
  2. Financial Advisor

    What Is a Registered Investment Advisor?

    Thinking about hiring a registered investment advisor or becoming one yourself? Here's what you need to know.
  3. Investing

    SEC Filings: Forms You Need To Know

    The forms companies are required to file provide a clear view of their histories and progress.
  4. Financial Advisor

    What to Know About the SEC's Third-Party Exam Rule

    The SEC has given a proposal to board members that calls to outsource the advisor exam process to a third party, but the issue currently has no timeline.
  5. Taxes

    How A Company Files With The SEC

    Filing with the SEC is not as complicated as you might thing -- just be meticulous about following the steps.
  6. Investing

    TD Ameritrade: RIAs Expect 41% of Clients to Be Gen Xers, Millenials by 2023

    RIAs polled by TD Ameritrade expect Generation X and millennial investors to make up 41% of their client base by 2023.
  7. Investing

    Understanding The Top SEC filing forms

    It's easier than ever to keep track of your SEC filing status online.
  8. Financial Advisor

    Top Reasons Why Advisors Should Go RIA

    The top reasons why advisors should go RIA only.
  9. Financial Advisor

    Advisors Face More SEC Reporting Requirements

    The SEC has mandated that investment advisors provide more disclosure on separately managed accounts and performance numbers used in advertising.
  10. Insights

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
  1. How do you file IRS Form 709?

    IRS Form 709 is for reporting gifts subject to gift and generation-skipping transfer taxes. Learn how to file IRS Form 7 ... Read Answer >>
Trading Center