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IARD

Form ADV-W

Form ADV-W is the form an investment adviser files through IARD to withdraw from registration. A full withdrawal ends the firm's registration entirely; a partial withdrawal ends registration in specific states while the firm remains registered elsewhere.

Who handles it
Investment advisers withdrawing from SEC or state registration, including firms winding down, being acquired, or crossing a threshold that changes their registration.
Filed through
IARD
Applies to
SEC-registered RIA, State-registered RIA

What the form asks for

  • Reason for withdrawal
  • Identifying information and successor firm where applicable
  • Location of books and records after withdrawal
  • Custody and client asset disposition
  • Outstanding client obligations and fee refunds

The work behind the filing

Assemble the books-and-records package

Withdrawal does not end the record retention obligation, and it does put a deadline on knowing where every record is. Caddi can inventory and consolidate the record set across the document systems the firm actually used.

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Reconcile outstanding fees and client obligations

Prepaid fee refunds and final billing have to be settled and evidenced. Caddi can reconcile the billing system against the client roster and produce the settlement record.

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Questions

What is Form ADV-W?

Form ADV-W is the form investment advisers file through IARD to withdraw from registration, either fully or partially by state.

What is the difference between a full and partial Form ADV-W?

A full withdrawal ends the firm's registration entirely. A partial withdrawal ends registration in specific states while the firm remains registered elsewhere.

Do books and records obligations end when I file Form ADV-W?

No. Record retention obligations survive withdrawal, and the form itself asks where the records will be kept.

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

The filing is the easy part

Caddi does not file forms. It runs the work around them: pulling the underlying data out of your portfolio, CRM, and document systems, reconciling it against the prior filing, and evidencing delivery. See it run on your own stack.

See the compliance specialist

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-W.