What is required for an investment adviser to register with the SEC?

For an investment adviser to register with the SEC, it is indeed necessary to complete Form ADV, which serves as the registration form for the investment adviser. This form provides essential information about the adviser's business, ownership, clients, and employees. Additionally, one of the criteria for SEC registration is the management of at least $110 million in assets under management (AUM).

This threshold of $110 million is significant because it distinguishes SEC-registered advisers from those who must register with state regulators, which typically applies to advisers managing less than this amount. This requirement ensures that the SEC focuses on larger firms that could have a more considerable impact on markets and investors.

Other options presented, while they may involve aspects of running an advisory business or compliance, do not accurately reflect the primary requirements for registration with the SEC. For instance, there is no necessity to submit a detailed business plan or a client satisfaction report as a prerequisite for registration. Thus, the key components outlined in the correct choice highlight the specific regulatory framework governing SEC registration for investment advisers.