Get 1st Global Advisors, Inc. Part 2a Appendix 1 Of Form Adv: Wrap Fee ...

Appendix 1 must contain specific information about the wrap-fee program. It does not need to contain information regarding other programs offered by the registered investment adviser, such as information which must be contained in Part 2A of Form ADV.

A wrap account is an investment account where a "wrapped" fee or fees cover all of the management, brokerage and administrative expenses for the account. The fee or fees are generally based on the total market value of the investment account.

Each year you must (i) deliver, within 120 days of the end of your fiscal year, to each client a free updated brochure that either includes a summary of material changes or is accompanied by a summary of material changes, or (ii) deliver to each client a summary of material changes that includes an offer to provide a ...

Form ADV Part 2B (a.k.a., the "brochure supplement") contains required information about the individuals providing financial advice at your firm. It should be consistent with Form U4 in all material respects.

The intent of the revised Form ADV is to provide investment advisory clients with greater transparency; thereby helping investment advisory clients better assess the services, investment strategies, risks and conflicts of interest associated with the selection of a particular investment adviser.

A wrap fee is a comprehensive charge for services provided by an investment manager or advisor. The fee generally covers investment advice, account management, commissions, trading fees, and related expenses. It may not cover all possible fees. Wrap fees usually are 1% to 3% per year of the assets managed.

What is Appendix 1 of Form ADV Part 2A? Appendix 1 is the disclosure brochure for wrap-fee programs.

Part 2 requires investment advisers to prepare narrative brochures that include plain English disclosures of the adviser's business practices, fees, conflicts of interest, and disciplinary information. The brochure is the primary disclosure document for investment advisers and must be delivered to advisory clients.