WASHINGTON, D.C. – (September 17, 2026) – The North American Securities Administrators Association (NASAA) today announced that the waiver of Investment Adviser Registration Depository (IARD) system fees for state-registered investment adviser firms will continue through 2027, and the initial set-up and annual system fees for investment adviser representatives will remain unchanged at $15.
“Keeping IARD system fees unchanged for investment adviser representatives and extending the waiver for investment adviser firms reflects NASAA’s ongoing commitment to responsible financial management of IARD and regulatory efficiency,” said Marni Rock Gibson, NASAA President.
The NASAA CRD/IARD Steering Committee and Board of Directors regularly monitor IARD operations and costs to determine when a fee change is warranted to ensure system resiliency.
IARD is an electronic filing system for Investment Advisers and Investment Adviser Representatives sponsored by NASAA and the Securities and Exchange Commission. The system provides investment advisers and their representatives a single source for filing state and federal registrations and notice filings with regulators. Public access to certain regulatory filings made through the IARD is available through the Investment Adviser Public Disclosure database.
– NASAA–
About NASAA:
Organized in 1919, the North American Securities Administrators Association (NASAA) is the oldest international organization devoted to investor protection. NASAA is a voluntary association whose membership consists of the securities regulators in the 50 states, the District of Columbia, Puerto Rico, Guam, the U.S. Virgin Islands, the 13 provincial and territorial securities regulators in Canada, and the securities regulator in México. For more information, visit www.nasaa.org.
For More Information:
Fred Baldassaro, Director of Communications
fbaldassaro@nasaa.org | 202-737-0900
Karen Grajales, Manager, Communications and Investor Outreach
kgrajales@nasaa.org | 202-737-0900
