Which THREE situations require an SEC-registered adviser to disclose in Form ADV Part 2 any financial condition that might impair its ability to meet contractual commitments to clients?
1) Adviser has discretionary authority
2) Adviser requires prepayment of more than $1,200 in fees per client, six months or more in advance
3) Adviser has custody of client funds or securities
4) Adviser has custody of client assets and has received a qualified opinion from its public accountant