For All You Form ADV Lovers (and Jim Cramer Haters)

On Thursday, August 5, Shearman & Sterling published a terrific client memo on dramatic changes to investment adviser disclosure mandated under a final rule published by the Securities and Exchange Commission on July 28.

Rich with detail and clearly organized, the memo delivers to advisers (or to those who advise advisers, or to those who advise the advisers who advise advisers, or to those who simply hate Jim Cramer) a concise summation of new the Part Two Brochure disclosure requirements.

As the memo points, out, Dodd-Frank will magnify the impact of the rule by requiring previously exempt advisers, such as private fund managers and non-U.S. firms – to register with the SEC.

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