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I. Registration Fees.

  • Investment Adviser: $150.
  • Investment Adviser Representative: $0.

II. Financial & Bonding Requirements. A balance sheet and income statement is required for IAs.

III. Sole Proprietorships. If an IA is a sole proprietorship, a form U4 must be filed. There are no registration fees for the IAR.

IV. De Minimis. No

V. Other Required Documents.

  • Financial Statements.
  • Consent of Service.
  • Business Breakdown.
  • Advisory Client Contracts.
  • Policies and Procedure Manual.
  • Written Compliance Procedures.
  • Written Supervisory Procedures.
  • Code of Ethics.

For additional information, please contact the state securities administrator.

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