Research guideResearch workflow

A practical map of public investment-manager data

The useful unit is not one downloaded row. It is a connected trail from entity to filing to reported fact to official source.

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The short answer

What the records actually tell you

Public investment-manager research usually crosses at least four layers: the organization, its regulatory identities, dated filings, and the facts or holdings reported inside those filings. CRD numbers, CIKs, accession numbers, dates, and source URLs are the joins that keep the trail verifiable.

The organization is not the filing

A brand name may refer to an adviser, a filing manager, a parent organization, or several related legal entities. Names are useful for discovery, but stable identifiers and source evidence are required before records are combined.

Use identifiers for the job they actually do

CRD numbers commonly identify adviser records in the IARD/IAPD ecosystem. CIKs identify EDGAR filers. Accession numbers identify individual EDGAR submissions. CUSIPs and other security identifiers belong to a different identity problem again.

  • Do not assume that a shared name proves that two records describe the same legal entity.
  • Preserve the native identifier even when a normalized identifier is added.
  • Record how cross-system matches were made and whether a person reviewed them.

Dates need labels, not just values

A filing date, report period, brochure date, and source-publication date can all appear in the same research workflow. Calling one of them simply “date” makes comparisons ambiguous and can turn a correct number into a misleading claim.

Connect records without erasing uncertainty

Some joins are direct because the source supplies a stable identifier. Others are constructed from names, addresses, ownership disclosures, or related filing evidence. Those cases should preserve the match method and confidence rather than presenting every connection as equally certain.

The same discipline applies to normalized fields. A standardized firm name or security label can improve search, but it should sit beside the original source value. Researchers then get consistency for comparison without losing the wording that appeared in the filing.

Keep the official document as the final checkpoint

Structured data makes search and comparison faster, but the filing remains the evidence. A research result should retain the form type, accession or filing identifier, period, and official document URL so a reviewer can inspect the same record that produced the normalized fields.

This matters most when the conclusion depends on a footnote, amendment, signature, omitted field, or relationship that is difficult to express in one table. The structured record helps find the answer; the source document helps determine whether the answer has the right context.

The connected research path

A repeatable workflow starts with a question, finds the relevant entity, selects the correct filing period, inspects the reported facts, and verifies the official document. Web search is useful for exploration; an API makes the process reproducible; MCP lets an AI tool follow the same controlled path; data feeds support recurring delivery into downstream systems.

  • Question: what are you trying to compare or monitor?
  • Entity: which legal or regulatory record is relevant?
  • Filing: what form and period produced the fact?
  • Evidence: where is the official source document?
  • Continuation: should the result be saved, exported, automated, or queried again?

Primary and supporting sources

Sources behind this article

Open the same public materials used to explain and review the claims above.

  1. Investment Adviser Public Disclosureadviserinfo.sec.gov
  2. SEC EDGAR searchsec.gov
  3. SEC Form ADV datasec.gov

AUMSearch explanations are educational and are not legal, compliance, filing, or investment advice.

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