---
title: "Compare a draft adviser brochure with the Form ADV Part 2 topics"
url: "https://ailawframework.com/practice/financial-services-regulation/draft-or-review-a-product-disclosure-document-or-financial-services-guid/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A28-T1-R6-US"
practice_area: "Financial Services Regulation (AFSL/ASIC/credit)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Compare a draft adviser brochure with the Form ADV Part 2 topics

> List whether the draft mentions business practices, fees, conflicts of interest and disciplinary information, with the page. Write no brochure sentence and no Form CRS sentence.

Canonical page: https://ailawframework.com/practice/financial-services-regulation/draft-or-review-a-product-disclosure-document-or-financial-services-guid/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 | List whether the draft mentions business practices, fees, conflicts of interest and disciplinary information, with the page. Write no brochure sentence and no Form CRS sentence. |
| What the lawyer must review | Investor.gov states that Form ADV Part 2 requires narrative brochures, in plain English, on the adviser's business practices, fees, conflicts of interest and disciplinary information, that the brochure is the primary disclosure document, and that it must be delivered to advisory clients. Part 3, the relationship summary, is for an SEC-registered adviser that offers services to retail investors and covers services, fees and costs, conflicts, the required standard of conduct, and legal and disciplinary history. You write or accept every sentence that is delivered. 15 U.S.C. § 80b-6(1) and (2) make it unlawful for an adviser to employ a device, scheme or artifice to defraud a client or prospective client, or to engage in a transaction, practice or course of business that operates as a fraud or deceit upon a client or prospective client. |
| Written for | United States |
| Applies to | [Draft or review a product-disclosure document or financial-services guide](https://ailawframework.com/practice/financial-services-regulation/draft-or-review-a-product-disclosure-document-or-financial-services-guid.md) |

## Checking plan

- What the AI does: List whether the draft mentions business practices, fees, conflicts of interest and disciplinary information, with the page. Write no brochure sentence and no Form CRS sentence.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- There is no Australian product-disclosure statement or financial-services guide in this check.
- Part 3 applies to SEC-registered advisers offering services to retail investors, not to every adviser.

## Sources

- [Investor.gov, Form ADV](https://www.investor.gov/introduction-investing/investing-basics/glossary/form-adv) (checked 2026-10-22)
- [15 U.S.C. § 80b-6, prohibited transactions by investment advisers](https://www.law.cornell.edu/uscode/text/15/80b-6) (checked 2026-10-22)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [Form CRS filing and delivery review checklist](https://ailawframework.com/precedents/financial-services-regulation/us-form-crs-delivery-checklist.md) | Checklist | Yellow | Review checklist for filing and delivering Form CRS under Rule 17a-14. It records a mismatch between the rule's form citation and the page opened at that citation. It does not list form headings. |

Signed-in accounts can read the full text of each one.

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