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RESOURCES
FOR INVESTMENT ADVISERS

RESOURCE INDEX
FAQs for IAs

NASAA is pleased to provide answers to frequently asked questions about investment advisers. Details 

Investment Adviser Representative Continuing Education

Investment adviser representatives (IARs) play an important role in the financial lives of millions of Americans by providing advice on important financial decisions such as retirement planning. However, unlike other financial service professions, IARs are not subject to a continuing education requirement to maintain their licenses with state regulators

State securities regulators are working to close this education gap, in consultation with industry, by developing a responsive and relevant continuing education program to help investment adviser representatives better serve their clients and keep their skills sharp by remaining knowledgeable of current regulatory compliance requirements and best practices in their areas of expertise.

 

NASAA Cybersecurity Checklist and Guidance for Investment Advisers

The NASAA Cybersecurity Checklist for Investment Advisers includes 89 assessment areas to help state-registered investment advisers identify, protect, and detect cybersecurity vulnerabilities; and to respond to and recover from cyber events.

Articles on Compliance Matters

A series of compliance-related articles prepared for state-registered investment advisers by NASAA’s Investment Adviser Resources and Publications Project Group.

FAQ: Account Access Amendment to the Investment Adviser Model Rule on Unethical Business Practices of Investment Advisers and Investment Adviser Representatives

On November 6, 2017, NASAA adopted an amendment to NASAA’s Unethical Business Practices of Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers Model Rule to prohibit investment advisers from accessing clients’ electronic accounts through the clients’ own unique identifying information. The following Q&As are intended to help investment advisers understand the Account Access Model Rule, its purpose, and its application. Details

IAPD Reports

Investment Adviser Public Disclosure (IAPD) reports disclose information about state registered investment adviser representatives (IARs) to help investors determine whether to conduct, or continue to conduct, business with these individuals. The information contained within these reports is collected through the states’ registration and licensing process.

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