The SEC will give advisors an extra month to file their Form ADV, both parts 1 and 2, in light of the business disruptions caused by the coronavirus pandemic, and left open the possibility of further postponement.

Broker/dealer trade groups, including the Financial Services Institute and the Securities Industry and Financial Markets Association, argue in support of the SEC's proposed rule in an amicus brief this week.

An RIA that chooses to spend its money on building a client portal is expending its resources on the wrong things, PFI's Matt Sonnen writes.

The relationship matters.

The agency made the decision due to the spread of the coronavirus, one day after the SEC encouraged employees at its Washington, D.C. headquarters to work from home.