For financial news fans, 13F season is a mini holiday—a chance to see what some of the biggest names in money management bought and sold for the quarter. But, for many of us, 13F season is a logistical hassle.
That’s why we’ve put together this guide to 13Fs. Not only does Advyzon make actually running the report a breeze, we’ve compiled a handful of additional tips and tricks to keep your practice on track during filing season and beyond.
Know if you need to file
You must file a 13F if you’re an institutional money manager (RIAs count!) and manage at least $100 million in assets. If you don’t fall into this category, however, you may still need to file.
There are certain securities, including some exchange-traded funds (ETFs) that may trigger a need to file a 13F, depending on the size of your positions or trades. Because this is a newer area of focus for the Securities and Exchange Commission (SEC), the organization may be paying more attention to the rules in the coming years.
To see if you hold (or held) any of these securities, you must reference the list published by the SEC following quarter close. Advyzon imports this list and syncs it with your information for your convenience.
Set reminders
While many hedge fund managers wait until the last possible minute to file their 13Fs to maintain a competitive advantage, most money managers don’t need to stick to that kind of schedule.
These forms must be filed within 45 days after the close of the quarter, making the deadlines May 15, August 15, November 15, and February 15 (or whatever non-holiday weekday falls immediately after those dates).
While running a 13F report on Advyzon takes mere minutes, you’ll still want to give yourself a few days as a buffer. Consider setting up alerts to remind you (and any relevant team members) that the reports are due. If your firm has a more complex process for reviewing and submitting this paperwork, consider setting up a workflow and making sure the relevant employees are tagged. This can also help you stay on top of things if a team member is out on vacation when the filings are due.
How Advyzon can help
Preparing a 13F filing can take as few as three clicks of the mouse. Head to Reporting Center, and select Firm Reports. From there, select SEC Filings, and choose 13F Holdings Report.
This will take you to a screen where you can customize the details—run separate reports for each advisor, input specific trade dates, set your investment discretion settings, and more. For additional help, check out our resources in Knowledge Base.
If you’d like to see how Advyzon can streamline your SEC filing process, schedule a demo.
