About the Rebroadcast
On November 1, the Utah Division of Securities held a workshop for Investment Advisers on the new Form ADV Part 2, amended rules in Utah, the SEC's 2010 Custody Rule, and the IA Switch.
To the right, you can view video for each topic discussed at the workshop. Each video will also include any referenced materials used in that video presentation (e.g. PowerPoint slides, handouts, links).
Below, you can find summaries of each video topic and the materials used or referenced in the presentations .
As always, if you have further questions, please feel free to contact us.
Topics and Notes
Welcome and Introductions by: Keith Woodwell & Dave Hermansen
Division Director Keith Woodwell welcomed all those in attendance. Director of Licensing and Compliance Dave Hermansen gave an overview of the IA industry in Utah and the Division's audit program. After introducing the staff, Dave also provided a handout listing IA Consultants available to assist advisers with the new Form ADV Part 2 and IA Switch concerns.
Agenda List of Investment Adviser Consultants Presentation Slides 
The New Form ADV Part 2: Organization and Content by: Ken Barton
Examiner Ken Barton outlined the new Form ADV Part 2 and discussed the content for each Item. Ken's presentation referenced the S.E.C.'s instructions and NASAA's guidance.
New Form ADV Part 2 Instructions Entire Form ADV Instructions
NASAA Guidance on Form ADV Part 2 Presentation Slides 
Rewriting Part 2 in Plain English by: Richard Jaramillo
Examiner Richard Jaramillo provided some guidance about drafting the Form ADV Part 2 in plain English. Richard referenced the S.E.C.'s handbook on writing in plain English.
S.E.C. Plain English Handbook Presentation Slides 
Creating the PDF Part 2 and Filing Electronically by: Brandon Henrie
Examiner Brandon Henrie gave demonstrations on different methods to create a PDF version of the new brochure and how to file it electronically through the IARD system. The sample Form ADV Part 2 used in Brandon's presentation is available for viewing.
Sample Form ADV Part 2 Presentation Slides 
Utah Rule Amendments by: Chip Lyons
Analyst Chip Lyons gave an overview of proposed amendments to Utah's rules.
Presentation Slides 
The S.E.C.'s 2010 Custody Rule by: Sheila Thomas
Examiner Sheila Thomas detailed the S.E.C.'s 2010 Custody Rule and its effects on Utah advisers.
Presentation Slides 
The IA Switch...So Far by: Richard Jaramillo
Examiner Richard Jaramillo gave a brief overview of the IA Switch and urged federal-covered advisers to await further guidance from NASAA and the S.E.C. before switching to state jurisdictions.
Presentation Slides 
Q & A Session by: Division Panel
Examiner Richard Jaramillo gave a brief overview of the IA Switch and urged federal-covered advisers to await further guidance from NASAA and the S.E.C. before switching to state jurisdictions.
Extended Answers from the Q&A Session 
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