---
title: "Record when the adviser brochure was delivered"
url: "https://ailawframework.com/practice/financial-services-regulation/check-when-a-statement-of-advice-was-given/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A28-MA20261022-15-US"
practice_area: "Financial Services Regulation (AFSL/ASIC/credit)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Record when the adviser brochure was delivered

> From the advisory file, record the date the current brochure was delivered and the date the investment advisory contract was entered.…

Canonical page: https://ailawframework.com/practice/financial-services-regulation/check-when-a-statement-of-advice-was-given/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Financial Services Regulation (AFSL/ASIC/credit)](https://ailawframework.com/practice/financial-services-regulation.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the advisory file, record the date the current brochure was delivered and the date the investment advisory contract was entered. Record the fiscal year end, whether the file describes material changes since the last annual updating amendment, and the date of any annual delivery. Record the date a brochure supplement was delivered for a supervised person and the date that person began to provide advisory services. Do not decide that an exception applies. |
| What the lawyer must review | The lawyer applies 17 CFR 275.204-3. An investment adviser registered under the Advisers Act must deliver a brochure and one or more brochure supplements containing all information required by Part 2 of Form ADV. The current brochure is delivered to a client or prospective client before or at the time the adviser enters into an investment advisory contract with that client. Annually, within 120 days after the end of the adviser's fiscal year and without charge, if there are material changes since the last annual updating amendment, the adviser delivers a current brochure, or the summary of material changes required by Item 2 of Form ADV Part 2A that offers to provide the current brochure without charge, with the website and email address if available, a telephone number, and the IAPD website address. A current brochure supplement for a supervised person is delivered before or at the time that supervised person begins to provide advisory services to the client, with the team rule for more than five supervised persons. If an amended brochure or supplement adds disclosure of an event, or materially revises information already disclosed about an event, in response to Item 9 of Part 2A or Item 3 of Part 2B, the adviser delivers promptly the amended brochure or supplement with a statement of the material facts, or a statement of those facts. Paragraph (c) states exceptions, including a client that is a registered investment company or a business development company if the advisory contract meets section 15(c) of the Investment Company Act. The eCFR page states the same 120-day annual delivery. Delivering the brochure does not relieve other disclosure obligations. |
| Written for | United States |
| Applies to | [Check when a Statement of Advice was given](https://ailawframework.com/practice/financial-services-regulation/check-when-a-statement-of-advice-was-given.md) |

## Checking plan

- What the AI does: From the advisory file, record the date the current brochure was delivered and the date the investment advisory contract was entered. Record the fiscal year end, whether the file describes material changes since the last annual updating amendment, and the date of any annual delivery. Record the date a brochure supplement was delivered for a supervised person and the date that person began to provide advisory services. Do not decide that an exception applies.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Initial delivery is before or at the time the advisory contract is entered. The 120 days is the annual delivery, and only if there are material changes.
- Paragraph (c) states clients who need not receive a brochure. The lawyer reads those exceptions.

## Sources

- [17 CFR 275.204-3, delivery of brochures and brochure supplements](https://www.law.cornell.edu/cfr/text/17/275.204-3) (checked 2026-10-22)
- [17 CFR 275.204-3, delivery of brochures and brochure supplements (eCFR)](https://www.ecfr.gov/current/title-17/section-275.204-3) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*