Under the Act, investment advisers must register using Form ADV accompanied by a relatively modest fee. Form ADV asks for such information as educational background, experience, exact type of business engaged in, assets, information on clients, history of a legal and/or criminal nature, and type of investment advice to be offered. Registration under the Act does not constitute an endorsement of the investment adviser, and the person or firm may not advertise as such. Part 2A of Form ADV forms the basis of the "brochure" that registered advisers must provide to clients.