Form ADV Part 2B
Form ADV Part 2B is the brochure supplement: a short disclosure document covering the individual supervised persons who provide investment advice to a particular client. It describes each person's education, business experience, disciplinary history, other business activities, additional compensation, and who supervises them.
Caddi AI agents keep supplements in sync with the actual roster and tie delivery to each client. Free to try.
- Who handles it
- Registered investment advisers, for each supervised person who provides investment advice to and has direct client contact.
- Filed through
- IARD
- Applies to
- SEC-registered RIA, State-registered RIA, Dually registered
What the form asks for
- Educational background and business experience
- Disciplinary information
- Other business activities
- Additional compensation
- Supervision, including the name and title of the supervisor
- Requirements for state-registered advisers
The work behind the filing
Keep supplements in sync with the actual roster
Every advisor hire, departure, license change, and supervisory reassignment should touch a supplement. In practice the roster changes in HR and the supplements do not follow. Caddi can watch the roster and open the supplement work when a person, licence, or supervisor actually changes.
Tie supplement delivery to the client relationship
The supplement obligation is per client and per supervised person, so a household reassignment creates a delivery obligation that nobody sees. Caddi can detect the reassignment in the CRM and drive the resulting delivery and evidence.
Want help automating the filing and filling of these forms?
- Caddi fills the form with data pulled from Gusto, Salesforce, Wealthbox, and Practifi.
- It checks every field against the client record and the last filing, then hands your team a finished form to sign off and submit.
Get an email the day Form ADV Part 2B changes
We check the SEC, FINRA, NASAA, and IRS forms, plus the custodian forms that are public, through the day. When a new version is published, you hear about it that day, with a link to the new file.
FAQs
4
What is Form ADV Part 2B?
Form ADV Part 2B is the brochure supplement. It covers the individual supervised persons who provide advice to a client, including their background, disciplinary history, outside activities, compensation, and supervision.
Who needs a Form ADV Part 2B supplement?
Each supervised person who provides investment advice to a client and has direct client contact generally needs a supplement delivered to that client.
Why are Part 2B supplements hard to keep current?
Because there is one per supervised person and the facts in them live somewhere else. Education and experience sit in HR, outside business activities in an attestation system or a spreadsheet, supervision in an org chart that changes without telling compliance. Keeping a set of supplements accurate is a data-synchronisation problem across systems nobody built for it.
Does Caddi file this form for me?
No. Caddi does not submit filings to IARD, FINRA Gateway, EDGAR, or any regulator, and it is not a substitute for your compliance program or your CCO. Caddi automates the work around the filing: gathering the underlying data out of your portfolio, CRM, and document systems, reconciling it against the prior filing, flagging what changed, and evidencing delivery. A human still reviews and files.
Related forms
This page describes what the form is and the work it creates. For requirements, deadlines, and whether any of it applies to your firm, see SEC — Form ADV Part 2 instructions.