what is sec form adv part 3 
this section is called the relationship summary in june 2019 the sec amended sec form adv and turned part 3 into a separate form called sec form crs this form must be submitted by any firm that provides retail investment services to their clients since it serves as a summary of both parts of sec form adv it must include any identifying information as well as client relationships services provided and conflicts of interest among other things the bottom linesec form adv is one of just a number of filings that investment advisers and firms must submit in order to remain compliant investors can use this information to help guide them when choosing or making changes to their investment team s as such it s important for firms to ensure that the information submitted is concise and written in simple english that can be easily understood by anyone reading it keep in mind that the information submitted must be accurate any misleading information may result in the revocation of registration fines and even prosecution 