As of Monday, November 11, 2024, your investment adviser firm can access, via its IARD account, its Preliminary Renewal Statement for the upcoming year. Investment adviser firms are assessed individual registration fees based on the state(s) that the firm is notice filed or registered in and the number of investment adviser representatives and their approved registration statuses. The amount reflected in the Preliminary Renewal Statement is the amount of renewal fees investment advisors must pay in order to maintain active registration for the firm and its investment adviser representatives.
The Preliminary Renewal Statement must be paid, in full, by Monday, December 9, 2024. Depending on your method of payment, it may take at least two days for a payment to post to the IARD account. Because of this, your firm’s payment should arrive at FINRA no later than Wednesday, December 4, 2024, to ensure that funds are posted to your firm’s IARD account by December 9, 2024.
Unfortunately, every year there are investment adviser firms that fail to submit renewal fees through their IARD accounts in a timely fashion, and almost all state securities regulators will automatically terminate these registered investment adviser firms and their investment adviser representatives for failing to pay their renewal fees. The contacting of each state securities regulator after such a failure to renew can be time intensive and potentially expensive since a state securities regulator typically has the authority to require a new registration application and prohibit the charging of investment advisory fees if the firm and representatives are unregistered.
Many times, investment advisers find the renewal process difficult because they do not access the IARD system on a regular basis. RIA Compliance Consultants can assist you by accessing your firm’s reports and other information to alleviate some of this burden.
We recommend that you utilize our IARD Renewal and ADV Annual Amendment Service. In addition to assisting you with the IARD renewal process, this service includes preparing and filing your investment adviser firm’s Form ADV Part 1 Annual Amendment, which is required to be filed within 90 days after the firm’s fiscal year. Click on the button below* to purchase our 2025 IARD Annual Renewal and Form ADV Annual Amendment Services.
Click Here to Sign Up for 2025 IARD Renewal & ADV Annual Amendment Service
Before you make the online purchase you will be prompted to sign an engagement agreement for these services.
If you would like to discuss these services, contact your support person or our business development team at BizDevTeam@ria-compliance-consultants.com.
*NOTE: The above link is not intended for an investment adviser firm managing or advising private fund(s) or a firm which is an Exempt Reporting Adviser (“ERA”); such firms are subject to different fee schedules for our IARD Renewal and ADV Annual Amendment Services. If your firm is registered as an investment adviser and manages or advises one or more private funds, please click here to sign up for our service. If your firm is an Exempt Reporting Adviser, please click here to sign up for our services.
Posted by RCC
Labels: Annual Amendment, IARD, Renewals
Tagged: ADV Amendment, IARD
