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.
