West Virginia

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I. Registration Fees.

  • Investment Adviser: $200
  • Investment Adviser Representative: $100 

II. Renewal Fees.

  • Investment Adviser: $200
  • Investment Adviser Representative: $80

III. Financial & Bonding Requirements. An IA with either discretionary authority or custody of client funds or securities is required to maintain a minimum net worth of $25,000 or a surety bond of $10,000.

IV. Sole Proprietorships. If an IA is a sole proprietorship, the proprietor is not required to pay an IAR registration fee or file a Form U4.

V. De Minimis. An out-of-state IA is not required to register until it has more than 5 clients.

VI. Branch Offices. If an IA has branch offices within the state, the IA must file a notice and pay a fee of $50 per branch.

VII. Other Required Documents.

  • Signed consent to service.
  • Financial statements.
  • Surety/fidelity bond.
  • List of branch offices in the state.
  • Designation of supervisor.

For additional information, please contact the state Securities Administrator.

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