I. Registration Fees.
- Investment Adviser: $200.
- Investment Adviser Representative: $40.
II. Financial & Bonding Requirements. All IAs with a principal place of business located in Nebraska are required to maintain a minimum net worth of $25,000. If an IA with a principal place of business located in Nebraska fails to meet/maintain the required net worth, it must obtain a surety bond of $25,000. An IA with custody of client funds or securities or who requires payment of advisory fees six months or more in advance and in excess of twelve hundred dollars ($1,200.00) per client, must submit an audited balance sheet. If the audited balance sheet is dated more than 90 days prior to submission, an unaudited balance sheet dated within 90 days must also be submitted. An IA with a principal place of business located in Nebraska having custody solely as a consequence of its authority to make withdrawals from client accounts to pay its advisory fees and who complies with the safekeeping requirements must submit unaudited financial statements that are dated within 90 days of submission.
III. Sole Proprietorships. If an IA is a sole proprietorship, the proprietor must file a Form U4 but is not required to pay a fee to register as an 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.
- Financial statements
- Surety/fidelity bond
- Affidavit of prior activity
- Consent to service
- Certificate of formation/articles of incorporation
- Client Contracts.
For additional information, please contact the state securities administrator.
Summary of IA requirements and supplemental forms (NE forms are hyperlinked).