I. Registration Fees.
- Investment Adviser: $100.
- Investment Adviser Representative: $50.
II. Financial & Bonding Requirements. An IA with discretionary authority is required to remain solvent.
III. Sole Proprietorships. If an IA is a sole proprietorship, registration fees must be paid for IA. In addition, a form U4 must be filed for the IAR.
IV. De Minimis. An out-of state IA is not required to register until it has more than 5 clients.
V. Other Required Documents.
- Consent to service.
- Affidavit of prior activity.
For additional information, please contact the state securities administrator.