I. Registration Fees.
- Investment Adviser: $250.
- Investment Adviser Representative: $250.
II. Financial & Bonding Requirements. An IA is not required to maintain a bond or satisfy a minimum net worth requirement. Audited financial statements are required for IAs that have custody of client funds or securities and IAs that require advance payment of fees in excess of $500.
III. Sole Proprietorships. If an IA is a sole proprietorship, registration fees must be paid for both the IA and the IAR. In addition, a form U4 must be filed for the IAR.
IV. De Minimis. An IA who during the preceding 12 months has had fewer than six Georgia clients need not register with the Securities Division. This is the case whether or not the adviser has a place of business in Georgia.
V. Branch Offices. The State of Georgia does not require branch offices to be registered.
VI. Other Required Documents.
- Fingerprints.
- Business breakdown.
- Designation of supervisor.
For additional information, please contact the state securities administrator.
