Fulfilling Our Annual Regulatory Requirements
Hi everyone. As you know, investment advisors are heavily regulated, which is a good thing, since the regulations are designed to protect you, our clients. Once per year, we are required to send you an updated copy of Part 2 of our ADV, aka our Firm Brochure and/or to provide you with a summary of material changes over the last year.
In the next few days, we will be emailing this document to those of you who are clients. Clients who prefer hard copy will receive document in the mail.
Two changes this year to make you aware of:
We are now being regulated directly by the Securities and Exchange Commission (SEC) rather than by the Secretaries of State of GA and NC. This change is due to the growth in our assets under management – thanks to all of you and a very good stock market.
There is a new SEC regulatory requirement called the Customer Relationship Summary (CRS). This document is designed to provide information to clients in a non-technical, simpler, and easier to read format. We will let you decide whether or not it really does that!
As always, feel free to send questions after you get the documents in the next few days.