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OMB Control No: 3235-0049	ICR Reference No: 202605-3235-003
Status: Active	Previous ICR Reference No: 202405-3235-004
Agency/Subagency: SEC	Agency Tracking No: IM
Title: Form ADV
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/22/2026
	Date Received in OIRA: 08/21/2026
Terms of Clearance: OMB understands that SEC is in the process of revising its methodologies to estimate annualized costs to the Federal government for all its relevant collections of information. OMB anticipates that future extensions of this OMB control number will reflect the revised methodologies.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2029	36 Months From Approved	07/31/2027
Responses	23,216	0	23,049
Time Burden (Hours)	251,852	0	247,109
Cost Burden (Dollars)	23,547,079	0	21,144,552

Abstract: The Commission uses the information on Form ADV to determine eligibility for registration and to manage regulatory and examination programs. Clients use the information required in Form ADV to determine whether to hire or retain an investment adviser.

Authorizing Statute(s): US Code: 15 USC 80b-1 Name of Law: Investment Advisers Act of 1940

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 28088	05/15/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 54421	08/21/2026
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form ADV	SEC 1707, SEC 1707, SEC 1707, SEC 1707, SEC 1707	, , , ,

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	23,216	23,049	167
Annual Time Burden (Hours)	251,852	247,109	4,743
Annual Cost Burden (Dollars)	23,547,079	21,144,552	2,402,527

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: We estimate that the annual aggregate burden estimate for Form ADV (Parts 1, 2 and 3) for all RIAs and ERAs is 251,851.53 hours per year, with an internal cost estimate of $138,014,638.44. This represents an aggregate increase of 4,742.60 hours and $56,715,800.47 in the internal cost estimate from the currently approved annual aggregate burden estimates. The aggregate annual estimated external cost burden of $23,547,079.14 represents an increase of $2,402,527.36 from the previously approved estimate of $21,144,551.78. The increase in hourly burden is largely due to an increase in the number of other-than-annual amendment filings submitted by investment advisers with retail clients and in the number of final filings submitted by exempt reporting advisers. The increase in cost burden is due to an increase in the estimated number of RIAs and ERAs, as well as the change to the new occupational wage methodology.

Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Mark Stewart 202 551-4410 stewartm@sec.gov

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