When working with a financial advisor, it’s important to understand what services they provide and how they’re compensated. Reviewing your advisor’s Form CRS, also known as a client or ...

When the form went into effect on June 30th, 2020, firms were required to retroactively send Form CRS to all existing customers within 30 days, leading to many wealth management companies ...

Form CRS is designed to provide retail investors with information about: whether the firm is registered with the SEC as a broker-dealer, investment advisor, or both; the type of relationship and ...

After June 30, 2020, the Commission will not accept any initial application that does not include a Form CRS. Broker-Dealers.

The instructions for Form CRS give guidance on the layering concept. Per the instructions, if the relationship summary is posted to the firm’s website or otherwise provided electronically, the ...

For advisors applying for registration, the SEC has stated that it “will not accept any initial application that does not include a [Form CRS]” on or after June 30, 2020.

Brokers and advisors must submit a version of their Form CRS to the SEC by June 30 (the date Reg BI takes effect), and must supply existing clients with either an electronic or paper copy, or both ...

Regulation Best Interest Form CRS — What advisors need to know By Jessica Mathews July 17, 2019, 11:58 a.m. EDT 5 Min Read ...

Form CRS, adopted by the SEC on June 5, 2019 and incorporated into a new Part 3 of Form ADV, is a relationship summary written in plain English and designed to promote effective communication ...