TABLE OF CONTENTS

Access ............................................................................................................................................................................. 2

FINRA Broker Check .................................................................................................................................................... 3

Completing the ADV Part2B Workbook ................................................................................................................. 3

Section 1 – Introduction ............................................................................................................................................... 3

Section 2 – Education Background & Business Experience ................................................................................ 4

Section 3 – Disciplinary Information ........................................................................................................................ 5

Section 4 – Other Business Activities ...................................................................................................................... 6

Status Types & Descriptions ...................................................................................................................................... 8

Addressing a “Required Response” Form ............................................................................................................... 9

Printing or Saving ......................................................................................................................................................... 10

Updating an Existing Form ........................................................................................................................................ 10

FOR BROKER DEALER USE ONLY 1

ACCESS
*** Internet Explorer 11 or older should be used with Informs

Log into MyWFG.com and click the following:

• Menu (top right corner) or
• Search (magnifying glass) “TFA Informs”

• TFA
• TFA Administration (TAN Representatives enter here)
• TFA Informs
• Access Informs
• Continue
• ADV Part 2B tab
• Select, next to your ADV Part 2B form

Note: Informs Reference Guides are available in PDF format on MyWFG.

FOR BROKER DEALER USE ONLY 2

FINRA BROKER CHECK
You will need a copy of your FINRA Broker Check to properly fill out the ADV Part 2B. https://brokercheck.finra.org

Click the following:

1. Open Broker Check from the link above or by typing the address in your browser address bar
2. Type your name in the “Name or CRD#” box (Ex: Jane Smith)
3. “Search”
4. “More Details”
5. “Detailed Report”

6. “Open”

COMPLETING THE ADV PART 2B WORKBOOK

Workbook

Use the Topic links on the left, next to the boxes to navigate through the workbook

A green box ( ) means the section is complete.

If the box is white, ( ) the section is not complete. Clicking the green continue button on the right will take you to questions that
require a response.

Replace incorrect capitalization with proper capitalization. That is, no “ALL CAPS” and no “all lower case” letters.

TFA uses a standardized format for all Representatives as shown below. For best results, type up each response in a word
document and then copy and paste the responses from the word document into the Informs ADV Part 2B form.

1. Introduction

1.1: First Name

1.2: Middle Initial
1.3: Last Name
1.4: Only enter birth year (YYYY)
1.5: Branch Office Street Address
1.6: Branch Office City
1.7: Branch Office State
1.8: Branch Office Zip Code
1.9: Branch Office Phone Number
1.10: TFA Connect Email Address
1.11: Regional Branch Manager First Name (Supervisor)
1.12: Regional Branch Manager Last Name (Supervisor)
1.13: Regional Branch Manager Phone Number (Supervisor)

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2. Education Background & Business Experience

Use bullets for each separate entry and do not put a period at the end of the line. Add a line space between bullet entries as
shown in the example below.

2.3: • University of California, Santa Barbara, California 1985 to 1989 - BSEE Electrical Engineering Degree
• Georgia Southern University, Statesboro, GA, 1990 – 1994 – BBA Finance

You will need to refer to the “Employment History” section of your detailed broker check report. Follow the format below for
the last five (5) years of your business background. Start the section with a mention of your WFG association, as noted in the
following example, and list all employment history (past and present) for the last five (5) years. Also, please ensure that there
is consistent spacing between sentences (two spaces recommended) and dates are not abbreviated (February 2012 instead of
2/12).

2.4: IAR is currently involved with financial services and is associated with World Financial Group as a(n) [enter WFG level (e.g.
Associate, Marketing Director, etc.)]. The IAR was with [RIA firm] from [Month YYYY to Month YYYY]. She/he was also
associated with [brokerage firm] as a Registered Representative from [Month YYYY to Month YYYY]. He has also worked
in the [enter industry] with [enter company and position] from [YYYY to YYYY].

2.5: List applicable Professional Designations, if any. See below for descriptive language to be included with designations. If you
have no professional designations, leave this section blank.

Designations:

Artifacts: Please upload to the Artifacts tab a copy of your current standing with each designation/certification.

How to Upload (click the following):

1. “Artifacts” tab
2. Click “here” to upload the file.
3. “Browse” (locate the file to upload)
4. “Open”
5. “ ”

The IAR has obtained the ChFC® designation, Chartered Financial Consultant® (ChFC® ), which is a professional designation for
individuals who wish to further their studies in advanced financial planning needs of individuals, professionals and small business
owners. Individuals must successfully complete all nine courses, meet experience requirements and ethics standards, and agree to
comply with The American College Code of Ethics and Procedures.

IAR has earned the CFP, Certified Financial Planner™, Certification. CFP® certificants must pass the comprehensive CFP®
Certification examination, pass CFP Board’s Candidate Fitness Standards, agree to abide by CFP Board’s Code of Ethics and
Professional Responsibility and Rules of Conduct which put clients’ interests first, and comply with the Financial Planning Practice
Standards which spell out what clients should be able to reasonably expect from the financial planning engagement.

The Personal Financial Specialist (PFS) program allows CPAs to demonstrate their knowledge and expertise in personal financial
planning. Whether a CPA specializes in personal financial planning with their clients or interacts with other financial planning
professionals, the PFS credential adds credibility. PFS credential holders have a specific experience, education and examination
requirement that sets them apart from other CPAs and financial planners.

IAR is a CPA, Certified Public Accountant. The requirements to obtain this designation, which are set by each state board of
accountancy, include: completing a program of study in accounting at a college or university, passing the Uniform CPA Exam, and
obtaining a specific amount of professional work experience in public accounting.

IAR has earned the LUTCF designation (Life Underwriter Training Council Fellow). To earn the designation the applicant must have
completed 300 designation credits and completed the ethics course requirement.

IAR is a CFA, Chartered Financial Analyst. The requirements to obtain this designation include: passing three six-hour
examinations, possess a bachelor’s degree or equivalent from an accredited institution and have 48 months of qualified work
experience.
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The IAR has obtained the CLU designation, Chartered Life Underwriter, which is a professional designation for individuals who
wish to specialize in life insurance and estate planning. Individuals must complete five core courses and three elective courses, and
successfully pass all eight two-hour, 100-question examinations in order to receive the designation.

The IAR has obtained the CFS certification. The Certified Fund Specialist (CFS) certification serves as an indication of an
individual’s expertise in mutual funds and the mutual fund industry. The CFS program consists of six training modules specific to
mutual funds that include three non-cumulative exams and one written case study.

The IAR has obtained the Juris Doctor Degree, or J.D. It is a doctorate in law, serving as the basic legal degree in the United States
and other common-law countries. The Juris Doctor requires three years of study. The curriculum generally includes such subjects
as constitutional law, criminal law, civic law, torts, legal research, ethics, legal writing and civil procedures.

The IAR has obtain the Master of Financial Degree. A Master of Finance degree provides graduate training in finance to prepare
students for careers in corporate finance, investment management and financial analysis. Most Master of Finance degree
programs begin with core business courses such as economics and progress to topics in financial theory and markets, investment
analysis and corporate accounting.

The IAR has obtain the CFEd designation. The CFEd ® Certified Financial Educator® is a registered designation awarded to
individual practitioners who have; A minimum of 3-years of experience in financial services. Experience in teaching adult learners.
Demonstrated to be in good standing with financial federal & state regulators. Each CFEd® must annually renew their designation
through a 2-step process: pay renewal fees and take 12 hours of approved continuing education.

The IAR has obtained the CEBS designation. The Certified Employee Benefit Specialist program is an eight course curriculum
covering an entire spectrum of employee benefits. It is designed to help individuals develop a comprehensive understanding of
compensation and employee benefit principles and concepts. The program was established in 1976 by the International Foundation
of Employee Benefit Plans and The Wharton School of the University of Pennsylvania. The program’s academic mission is to
educate human resource professionals in the administration of health & welfare plans, retirement plans, and compensation
programs and also to give professionals a solid understanding of core concepts in finance, economics, and financial planning.

The IAR has obtained the RPA designation. The Retirement Plans Associate designation is a credential for those who work with
defined contribution and defined benefit plans or are involved with the management of plan assets. To earn the RPA designation,
three courses are required to be completed: RPA 1 and RPA 2 plus the choice of RPA 3 or RPA 4. The courses reflect the most
current and relevant information needed to effectively design and manage retirement plans.

3. Disciplinary Information
 The following types of events should be considered for reporting in this section. Please note that this is not intended to be an all-
inclusive list. There may be other events that may warrant disclosure that are determined on a case-by-case basis. Please review
your detailed FINRA Broker Check report for “Disclosure Events” and “Disclosure Information”.

Reportable Events:
• Bankruptcies filed within the past 10 years
• Any Compromise with a Creditor within the past 10 years
• Outstanding judgments or liens
• Regulatory sanctions
• F orm U4 reportable customer complaints / arbitrations / litigations (investment-related) where there was a finding of
Representative misconduct or that were settled in excess of $5,000
• Form U4 reportable criminal events
o Charged with a felony (no matter if the charge was dismissed)
o Convicted of or pled guilty or nolo contendere (no contest) in a domestic, foreign or military court to any felony
oC  onvicted of or pled guilty or nolo contendere (no contest) in a domestic, foreign or military court to a
misdemeanor involving: investments or an investment-related business or any fraud, false statements or
omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to
commit any of these offenses
oC  harged with a misdemeanor involving: investments or an investment-related business or any fraud, false
statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a
conspiracy to commit any of these offenses
• Customer Complaints
• Foreclosures are not reportable

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For reportable events, use the following format(s):

Judgments
3.1: I AR has an outstanding judgment with [name of creditor (Ex: State of California Tax Franchise Board, Bank of America)].
The judgment was entered in [month, YYYY] and is for $[amount].

Bankruptcies
3.1: I AR filed Chapter [7, 13 or 11] Bankruptcy petition in [month, YYYY (date filed)]. The bankruptcy was discharged in
[month, YYYY (date filed)].

Lien
3.1: I AR has a tax lien with the [name of creditor (Ex: State of California Tax Franchise Board, Internal Revenue Service)]. The
lien was entered in [month, YYYY] for $[amount].

Compromise
3.1: I AR has a compromise with [name of creditor (Ex: Wells Fargo, Capital One)]. The compromise was entered in [month,
YYYY] for $[amount] and settled for $[amount].

Complaint & Arbitration (This will be edited accordingly if Home Office deems necessary.)
3.1: I AR has been involved in one customer dispute relating to a client’s purchase of direct participation programs involving
two tenant in common investments and one oil and gas investment in 2005. The client brought an arbitration claim on
September 1, 2012 against ABC Securities, Inc., The IAR’s previous broker-dealer, alleging that the investments violated
various federal and state securities laws. The client did not name IAR as a respondent in the arbitration claim; however,
ABC Securities brought a third-party claim against IAR for indemnification. The arbitration was settled on December 1,
2016 for $500,000. IAR did not contribute to the settlement amount. IAR denies any wrongdoing in connection with the
client’s claim and denies liability to ABC Securities for indemnification. The arbitration panel awarded ABC Securities’
indemnification claim on February 1, 2016 against IAR in the amount of $100,000 for compensatory damages, $56,047.55
for attorney’s fees and other fees related to the arbitration. Through his attorney, IAR filed a Motion to vacate this award
on March 1, 2016 and an appeal in federal court.

Regulatory (This will be edited accordingly if Home Office deems necessary.)

3.1: I AR has had two regulatory events that might be material to a client’s or prospective client’s evaluation of her/him.
The first incident occurred on February 2, 2003. The State of Florida Department of Insurance alleged that IAR failed to
perform a thorough review of a health insurance application which later resulted in the policy being rescinded. The State
levied a civil and administrative penalty/fine against IAR in the amount of $1,000. The fine was paid by IAR on February 3,
2003 and the matter is considered resolved.
The second incident occurred on November 15, 2005 and related to a client’s purchase of several mutual funds in March
of 2002. The client brought an arbitration claim against IAR and others alleging that the investments recommended
by IAR were unsuitable. The arbitration was settled on July 20, 2006 for $40,000.00. IAR did not contribute to the
settlement amount. The broker-dealer (ABC Securities, Inc.) and IAR denied any wrongdoing in connection with this claim
and settled the case solely to avoid the expense and uncertainty of further proceedings.

4. Other Business Activities

Only current employment should be reflected in this field. Start the section with a WFG mention, as shown in the example
below (use both sentences). You may list a job title for each OBA if one is listed.

4.2: IAR is currently involved with financial services and is associated with World Financial Group as an [enter WFG level (e.g.
Associate, Senior Marketing Director, etc.)]. In this capacity, she/he is responsible for generating new clients, servicing
existing clients, and recruiting and training new agents. She/he has also been affiliated in [enter industry] with [name
and position of OBA] since [start Date]. (e.g. He has also been affiliated in mortgage services with Nova Home Loans as a
Senior Loan Officer since February 2007)

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Status To submit the form, click the following:

1. “Status” Tab
2. “Submitted”
3. “Ok”

**As the Representative, you can log into your Informs account and follow the status of the form under the Status tab. It will tell
you where the ADV Part 2B is in the review process. Be sure to follow up on your submission to ensure it’s finalized in a timely
manner.

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STATUS TYPES & DESCRIPTIONS

All of the information is listed under the Status Tab shown below.

> Status Tab

> Status the form is currently under

> Status the form is currently under

> Available options to change the form to

> Discussion Box to add in comments or questions

To understand the different status levels, let’s review the people involved with the form and what they are referred to on the form.

NAME ON FORM PERSON/DEPARTMENT BEING REFERRED TO

Submitter The Representative submitting the form for review

The direct supervisor (BOM, RBM or RM) of the person submitting the form.
Immediate Supervisor (Imm Sprvsr)
Chain of supervisory command is RR > BOM > RBM > RM > Home Office

The RM who supervises the Representative’s branch and could approve or deny
Regional Manager (RM)
the form
 he home office department in charge of reviewing the forms and issuing final
T
Home Office (HO)
approval or denial

Below are the statuses and what they mean. If there is a * in the status name it refers to a person that could be interchangeable.
Example: “In * Review” = In (Immediate Supervisor, RM or HO) Review

STATUS ON FORM DEFINITION

Assigned A new form was opened by the Representative but not yet started
A new form has been opened and the Representative started to fill in the form
In Progress
sections
A form has been completed by the Representative and submitted to the
Submitted
supervisor (BOM, RBM, RM) for review
*Review The supervisor is currently reviewing the form
A response from the Representative via the discussion box is required to process
Response Required
the form
The Representative has responded to the issues and returned the form to the
Response Completed
supervisor
Approved – System Update Required The form is approved but a system update is needed
Approved – System Update Completed This is final approval
Revision in Progress A form has been re-opened to update it but has not been resubmitted for review
A form has been resubmitted by the Representative to have updates reviewed by
Resubmitted
the supervisor

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ADDRESSING A * “REQUIRES RESPONSE” FORM

When there are questions or documents needed, the form will be placed into a * “Requires Response” status. The Representative
will need to address the issues following these instructions:

Click the following:

1. “ADV Part 2B” tab

2. “Select” the Part 2B of Form ADV
3. “Status” tab – Review the questions or documents needed
in the discussion box (see screen shot to the right)
4. “Reply” and respond in detail to each question being asked
in the discussion box

5. “Save Reply”

If documents are being requested, upload them to the Artifacts tab. Refer to the Artifacts section, located on page 5, for
instructions on how to upload documents. Please make sure the upload is complete before changing the status of the form.
Once the documents are uploaded, go to step 6 below.

6. “Status” tab
7. Mark “Response Completed”
8. “Ok” This will finalize the Representative’s review and send the form back to Home Office to be reviewed again.

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PRINTING OR SAVING

Click the following:

1. “ADV Part 2B” tab

2. “Select” the Part 2B of Form ADV
3. “Status” tab
4. “Print” dropdown
5. “Brochure Supplement”
6. “Open” = Ability to print
or
7. “Save” = Ability to save to your computer

UPDATING AN EXISTING FORM

The ADV Part 2B must be under the status of “Approved – System Update Completed” to initiate an update. The form needs
continual updating with changes that may occur on your FINRA Broker Check Report (Employment History, Disclosures, Branch
Address , etc.)

How to update an existing ADV Part 2B.

Click the following:

1. “Status” tab
2. “Revision in Progress”
3. “Ok”

Workbook (You now have the ability to update any part of the ADV Part 2B workbook.)

Go through the workbook and make any necessary changes to the following sections:
• Introduction
• Educational Background and Business Experience
• Disciplinary Action
• Other Business Activities

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FOR BROKER-DEALER USE ONLY.
© 2017 Transamerica Financial Advisors, Inc.
TFA10019/4.17