DIRECT ANSWER
Definition
Investment Adviser Public Disclosure (IAPD) is the public-facing system for researching investment adviser firms and representatives. It exposes registration information and public disclosure documents derived from filings made through the Investment Adviser Registration Depository.
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At a glance
- System role
- Public disclosure and lookup
- Primary records
- Adviser firms and representatives
- Underlying filings
- Form ADV and related records
- Common lookup ID
- CRD number
What readers find in IAPD
IAPD supports name and identifier searches for adviser firms and individuals. Depending on the record, users can inspect registration information, current Form ADV filings, brochures, relationship summaries, employment information, and disclosure events.
- Firm and representative identity
- Registration status and jurisdictions
- Current public Form ADV documents
- CRD-linked records
- Public disclosure information
IAPD is not the filing system
IARD is the electronic filing depository used by advisers and regulators. IAPD is the public disclosure interface. AUMSearch should cite IAPD as the public record while preserving the underlying form, filing date, and native identifier.
Interpretation limits
Registration is not a regulator’s endorsement of an adviser. A disclosure event is a prompt to inspect the underlying details, not a complete severity score. Public records can also change when firms amend their filings or registration status.
SRC
Primary sources
Definitions and regulatory claims on this page are grounded in the following official public resources.
- Official IAPD firm searchPublic adviser firm lookup.
- Investor.gov IAPD definitionOfficial investor education description of IAPD records.