Extract fees and channels from the Form ADV brochure
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the brochure the lawyer supplies, list each fee, the service it covers, and each distribution channel the brochure names, with the page. Write no new brochure sentence.
- What the lawyer must review
- Investor.gov states that Form ADV Part 2 requires narrative brochures with plain-English disclosures of the adviser's business practices, fees, conflicts of interest, and disciplinary information, and that the brochure is the primary disclosure document and 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 standard of conduct, and legal and disciplinary history. The tool extracts. The lawyer checks every row against the brochure before it is used.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Consider narrowly defined preparation support after confirming the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
- Check the firm’s actual conflict records, including relevant parties and connected entities, and resolve any match through the firm’s process.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.