New Clients? First, Form ADV Part 2

“Closed to new clients. Please take your business elsewhere.”

In effect, that is a sign many RIAs will put on the door if they fail to file their new Form ADV Part 2 A brochures by March 31.

The advisors most affected are those with fiscal years ending 12/31/11. Those advisors have until 5/31/11 to make the piece available to current clients.

“Whenever possible, I’ve directed advisors to resources and experts in the DBJ Associates (DBJ) network,” said Bruce Johnston recently. Founder and president of DBJ, Bruce blogs on the Form ADV Part 2 subject at RIA Marketplace http://tinyurl.com/4kpvs2u .

“The pressure is on. Many advisors just haven’t focused on this – especially since its tax season,” he continued. “That’s why I’ve assembled a team of plain language writers to help meet increasing demand as the deadline draws closer.”

Called the “Form ADV Part 2 Survival Kit,” the service will offer content delivery for both the new ADV Part 2A and 2B. “The new Form ADV  Part 2 is really different from the old ADV Part II,” Bruce added, “and a lot of professionals, who are do-it-yourselfers, are finding that they can’t do this for themselves.”

For $2500, the Survival Kit will provide advisors with the complete electronic filings they need to stay compliant. “After a brief discovery conversation and document request, we go right to a first plain English draft,” he said. “We anticipate turnaround times of between three and five days.”

Advisors in a hurry can contact DBJ Associates at 405.381.9390 or by sending an email to bruce@dbjassociates.com