Most jurisdictions participate in the IARD Automatic Failure to Renew Program. If your investment adviser firm or its representatives are registered or notice filed in a jurisdiction that participates in the IARD Automatic Failure to Renew Program, your jurisdiction has authorized FINRA to automatically terminate your investment adviser firm and investment adviser representative registrations on December 31, 2024, if your investment adviser firm’s IARD Renewal Account is not funded by the renewal deadline.
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. Contacting 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 as long as the investment adviser and its representatives are unregistered.
To help avoid problems with your investment adviser’s annual renewals, RIA Compliance Consultants recommends that you utilize our IARD Renewal Program and ADV Annual Amendment Service. For only $1,325*, investment advisers that engage us by executing the engagement and remitting the retainer fee by November 29, 2024, will receive assistance with the annual renewal process and with preparing and submitting the Form ADV Part 1 Annual Amendment that all investment advisers are required to file and submit within 90 days following the investment adviser’s fiscal year.
Engagement of RCC after November 29, 2024 will be subject to availability and additional fees will be charged.
Click Here to Sign Up for our 2025 IARD Renewal & Form ADV Annual Amendment Services
Before you make the online purchase you will be prompted to sign an engagement agreement for these services. Please keep in mind that we must receive the retainer payment and executed engagement agreement by November 29, 2024 in order to receive the $1,325 rate.
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
Tagged: Form ADV Annual Amendment, IARD
