Products November 5, 2010

Form ADV 2 Template Available for RIAs

The “Form ADV Part 2 Brochure Template” will help investment advisers with the new required format based on the recent Securities and Exchange (SEC) rule update.
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Created by The Consortium, a company offering compliance support to professionals in the financial services industry, the ADV 2 Brochure is delivered in a Microsoft Word format for customization.

The template includes:

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  • Headings for each section required by the SEC and state regulators
  • Table of Contents linked to the section headings for automatic table updates
  • Text boxes for each section to be completed with instructions in plain view until you are ready to delete them from your final draft
  • Detailed sample narrative for each section for your easy modification and customization for your practice for Parts 2A (Firm Brochure) and 2B (Brochure Supplement for supervised persons)
  • Links to IARD websites (SEC and FINRA) and to the adopting release giving you full access to a wealth of information

The template costs $99 and is available for purchase here.

The SEC this summer voted to adopt changes to the Form ADV, Part 2, the principal disclosure document that SEC-registered investment advisers must provide to their clients and prospective clients (see “SEC“).

The Markets November 5, 2010

RIA Launches “Absolute Return” Portfolios

New absolute return portfolios are designed to deliver positive performance over a reasonable timeframe regardless of the ups and downs of the market.
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Registered investment adviser (RIA), “The Absolute Return,” based in Ann Arbor, Mich., designed each portfolio to target a rate of return higher than the “risk-free rate,” as measured by the yield of the 3-Month Treasury Bill. Annualized return targets range from 8% for an income-oriented portfolio to 15% for growth-oriented long/short portfolios relative to this risk-free rate, net of fees.

“We believe the economy is in a long-term period of sluggish growth where conventional investment methods will fail to deliver the rates of return people expect or require of them,” said Bob Palmerton, CEO of The Absolute Return.

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Each portfolio is also actively managed to a portfolio volatility target using a measure called “drawdown” where drawdown targets, or maximum drop in monthly portfolio values from the previous peak, range from 4% for the income portfolio to 10% for the long/short portfolios.

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