Do advisors need to disclose acceptance of a PPP loan on their ADV?

According to the SEC registered investment advisors taking Paycheck Protection Program loans must disclose such information on their Form ADVs if the circumstances leading the firm to seek a PPP loan or other type of financial assistance. Advisors should err on the side of disclosure, according to two experts who educate advisors and clients on PPP loans, as per an article featured on thinkadvisor.com.