Form CRS & Form ADV.
Recreational's path to SEC investment adviser registration, and where to find our Form CRS and Form ADV when filed.
Recreational is preparing to register as an investment adviser with the U.S. Securities and Exchange Commission and, upon effectiveness of that registration, will file a Form CRS (Client Relationship Summary) as required by the SEC. Form CRS is designed to provide retail investors with a plain‑English summary of the services, fees, conflicts, and disciplinary history of a firm that is registered as a broker‑dealer or investment adviser.
Current status: Recreational funds are offered only to accredited investors and qualified purchasers, and Recreational operates in reliance on applicable exemptions from investment adviser registration. Recreational is not currently required to deliver Form CRS. This page will be updated with a link to our Form CRS and Form ADV Parts 1 and 2 upon SEC registration.
What Form CRS will cover
When filed, Recreational's Form CRS will describe, in plain English:
- The relationships and services Recreational offers
- The fees, costs, conflicts of interest, and standard of conduct associated with those services
- Whether Recreational and its financial professionals have any legal or disciplinary history
- Key questions to ask your Recreational representative
Form ADV
Recreational's Form ADV Parts 1 and 2 will describe Recreational's business, ownership, personnel, clients, services, fees, discretionary authority, disciplinary history, code of ethics, brokerage practices, and conflicts of interest in detail. Upon registration, Form ADV will be publicly available through the SEC's Investment Adviser Public Disclosure website at adviserinfo.sec.gov.
In the meantime
Prospective and current investors may request Recreational's most current governance and compliance documentation — including our Code of Ethics, Allocation Policy, Conflicts of Interest Policy, Marketing Compliance Manual, and AML Program summary — by contacting [email protected].