The North American Securities Administrators Association and the Securities and Exchange Commission today announced the launch of a Web site that will allow investors to electronically access information about money managers, financial planners and other investment advisors.

The Investment Adviser Public Disclosure Web site provides instant access to registration documents filed by more than 9,000 registered investment advisors. The documents, filed electronically with state securities administrators or the SEC, provide information about each adviser’s business, advisory services and fees. The registration documents also disclose any disciplinary problems an advisor or its employees may have had during the last 10 years.

SEC chairman Harvey Pitt said, “The IAPD Web site underscores the SEC’s commitment to full public disclosure by giving investors a valuable new tool to help them compare the qualifications and services of thousands of investment advisors.”

NASAA President Joseph Borg concurred. “Investors need to know who they’re dealing with and IAPD will help them do just that, with just a click of a mouse. IAPD will become an increasingly useful tool for investors as more and more state investment advisers come on the system in the months ahead.”

The IAPD Web site, www.adviserinfo.sec.gov, will be available 24 hours a day, free of charge.