What does the Form ADV auditor check?

It cross-references Part 1 against Part 2A disclosures, flags inconsistencies in services offered, fee structures, and client types across all ADV sections.

How current is the regulatory knowledge?

PitCrew is grounded in current SEC requirements including the Marketing Rule, Reg S-P amendments, and current examination priorities.

Audit Form ADV Before You File

Cross-reference your Part 1 against Part 2A disclosures in 60 seconds. Catch inconsistencies before examiners do.

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Why This Matters

ADV consistency is what examiners check first

SEC examiners cross-reference Part 1 and Part 2 looking for exactly these issues. Filing with unresolved discrepancies invites scrutiny.

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Custody Mismatch

Part 1 Item 9 reports custody but Part 2A Section 15 omits custody disclosures entirely.

paid

Fee Discrepancy

Part 1 Item 5 compensation types conflict with Part 2A Item 5 fee schedule descriptions.

report

Missing Disclosures

Part 1 DRPs filed but Part 2A Item 9 legal/disciplinary section is blank or outdated.

history

Stale Language Carried Forward

Prior year disclosures carried into current filing without updating to reflect material changes.

What This Agent Automates

check_circlePart 1 checkbox extraction and interpretation

check_circlePart 2A narrative disclosure parsing

check_circleCross-reference mapping between Part 1 items and Part 2A sections

check_circleSeverity-rated finding reports with remediation language

check_circleSchedule D and DRP consistency verification

What It Eliminates

cancel4-6 hours of manual side-by-side document review

cancelMissed inconsistencies that trigger examiner scrutiny

cancelFiling amendments with unresolved discrepancies

cancelCompliance consultant fees for routine annual checks

cancelStale disclosures carried forward from prior filings

How It Works

From CRD to audit-ready findings in four steps

Upload

All we need is your CRD. We pull your Form ADV Part 1A and Part 2A brochures.

Extract

AI reads every checkbox, schedule, and disclosure. Structured data pulled from unstructured filings.

Compare

Cross-references Part 1 items against Part 2A disclosures. Flags mismatches and omissions.

Report

Get a prioritized finding list with severity ratings and specific language suggestions to fix each issue.

Example Outputs

What the agent actually produces

Critical — Custody / Item 9 vs Section 15

Part 1 Item 9A(2) indicates you have custody through fee deduction. Part 2A does not include required custody disclosures in Item 15 or describe the surprise examination arrangement.

Action required: Add custody disclosure language to Part 2A Item 15 before filing.

Warning — Compensation / Item 5 vs Item 5

Part 1 Item 5.E reports "other" compensation but Part 2A Item 5 fee schedule only describes asset-based fees. Additional compensation type is undisclosed.

Review: Clarify or add disclosure for other compensation sources.

Pass — Disciplinary History / Item 11 vs Item 9

Part 1 Item 11 reports no disciplinary history. Part 2A Item 9 correctly states no legal or disciplinary events to disclose. Consistent.

No action needed.

Who This Helps

Built for the teams responsible for ADV filings

Chief Compliance Officers

Catch Part 1 vs Part 2 inconsistencies before filing annual amendments.

RIA Operations

Run the audit on your own without waiting on outside counsel review.

Compliance Consultants

Scale ADV review across multiple client firms without manual side-by-side review.

Principals

Know your filing is clean before submitting to IARD every year.

Get Started

Ready to audit your Form ADV?

15-minute diagnostic call. We review your ADV setup and show you exactly where the inconsistencies are.

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