As 2011 is quickly coming to an end, now is the time for each registered investment advisor to begin preparations for IARD renewals for the investment advisor firm and its investment advisor representatives. Registered investment advisors must make sure that they remain properly registered at all times. If you are an SEC registered investment advisor, you must make sure that your investment advisor is notice filed in all required states. If you are a state registered investment advisor, you must make sure your investment advisor is properly registered in all required states. Generally, registration or notice filing is required at the firm level if an investment advisor has a place of business in the state or if it exceeds the state’s deminimus exemption. However, investment advisors must review each state’s notice filing or registration requirements prior to conducting business in a particular state. Investment advisor representative licensing is always handled at the state level. Investment advisor firms must review and determine that all investment advisor representatives are properly licensed prior to conducting business in a state.
Category Archives: IARD
2012 IARD Renewal & Form ADV Annual Amendment Requirements
October 18, 2011
Beginning Monday, November 14, 2011, registered investment advisor firms can access their 2012 Preliminary Renewal Statements via their IARD account. The Preliminary Renewal Statement must be paid, in full, by Monday, December 12, 2011. Because it takes approximately two days for payment to post to the IARD account, the funds should arrive no later than Thursday, December 08, 2011, to ensure the money is posted to your IARD account by December 12. Click here for the full 2012 IARD Renewal Calendar.
Form ADV Part 1 Custody Changes
November 15, 2010
As part of CRD/IARD Software Release 2010.4 (click here to access the release), the United States Securities and Exchange Commission (“SEC”) announced changes to the custody questions listed on Form ADV Part 1. Specifically, the following changes have been made to Item 9 of Form ADV Part 1:
Super Account Administrator Designation Form for IARD/CRD Entitlement Process is Due November 30
November 08, 2010
Changes have been made to the Entitlement Program which requires action by your investment adviser firm.
Form U4 Information for Investment Adviser Reps Now Available Online to Public via IAPD
June 29, 2010
Pursuant to Release 2010.2 published on June 28, 2010 by the Investment Adviser Registration Depository (“IARD”), the Investment Adviser Public Disclosure (“IAPD) database now allows users to search for investment adviser representatives. Prior to the release, investment advisers and investment adviser representatives submitted registration and licensing information to the IARD; however, only information for investment adviser firms was available on the IAPD database. With Release 2010.2, effective June 28, 2010, the information investment adviser representatives have provided on Form U4 is publicly available through the IAPD database.
Now that we are into a new year, can you confirm your registered investment advisor and its advisor representatives were properly renewed for 2010? Every year there are always a handful of firms that fail to submit renewal fees through the IARD system in a timely fashion. Therefore, even if you think the renewal payment was sent in time, please make sure your firm retrieves the Final Renewal Statement and confirms it is renewed for calendar year 2010.
2010 IARD Renewal & Form ADV Annual Amendment Requirements
November 02, 2009
Beginning Monday, November 16, 2009, registered investment advisor firms can access their 2010 Preliminary Renewal Statements via their IARD account. The Preliminary Renewal Statement must be paid, in full, by Friday, December 11, 2009. Because it takes approximately two days for payment to post to the IARD account, the funds should arrive no later than Wednesday, December 09, 2009, to ensure the money is posted to your IARD account by December 11.
IARD System Fee Waiver
November 05, 2008
In a joint statement issued last week, the SEC and NASAA announced that they will continue the waiver of the IARD initial and annual system fees applied to registered investment advisor firms. The fee waiver will continue through July 31, 2009. NASAA also announced a waiver of the annual $30 system fee for investment adviser representatives. Initial fees for investment adviser representatives will be waived beginning January 1, 2009 and go through December 31, 2009. The fee waiver does not apply to state registration and licensing fees. States will continue to collect initial and annual fees for firms and representatives via the IARD system. Preliminary Annual Renewal Statements which detail the state fees charged to registered investment advisers will be available via IARD on Monday, November 10.
2009 IARD Annual Renewal and Form ADV Annual Amendment Requirements
October 15, 2008
Beginning Monday, November 10, 2008, investment advisor firms can access their 2009 Preliminary Renewal Statements via their IARD account. The Preliminary Renewal Statement must be paid, in full, by Friday, December 12, 2008. Because it takes approximately two days for payment to post to the IARD account, the funds should arrive no later than Wednesday, December 10, 2008, to ensure the money is posted to your IARD account by the 12th.
Form ADV Part 1 Annual Amendments for Fiscal Year Ended December 2007
February 29, 2008
This is a reminder to all registered investment advisors with a fiscal year end of December 2007. Your Form ADV Part 1 Annual Amendment must be submitted through Web CRD/IARD system no later than ninety (90) days after your registered investment advisor firm’s fiscal year end. Because March 30th falls on a Sunday this year, in order to avoid any potential late filings, the Annual Amendment should be submitted on Friday, March 28.
