How do I disclose that a third party is providing financial planning services, such as PlanPreps?
You should consult your attorney, OSJ or compliance department before engaging PlanPrep. You should disclose on schedule F of your firm’s ADV Part II that you “may engage third parties to provide financial planning services” for your clients. You may want to be more specific in written and verbal disclosures in naming PlanPrep specifically. Retain a copy on file of PlanPrep’s current ADV Part II, Privacy Policy and Outsourcing Agreement as you would other important documents.
Related Questions
- What are the advantages of providing personal financial planning services in metropolitan areas and rural areas?
- Doesn a description of services in an itemized bill disclose information that can be used against a party?
- How do I disclose that a third party is providing financial planning services, such as PlanPreps?
