Starting Monday, November 16, 2015, a registered investment adviser firm can access, via its Investment Adviser Registration Depository (IARD) account, its Preliminary Renewal Statement for 2016 renewals. The Preliminary Renewal Statement must be paid, in full, by Friday, December 18, 2015. Since it takes approximately two (2) days for a payment to post to the IARD account, your firm’s payment should arrive at the Financial Industry Regulatory Authority (FINRA) no later than Wednesday, December 16, 2015, to ensure that funds are posted to your firm’s IARD account by Friday, December 18, 2015.
Category Archives: Renewals
NASAA Announces IARD System Process Fee Waiver for State Registered Investment Adviser Firms
November 05, 2015
The North American Securities Administrators Association (NASAA) announced that the Investment Adviser Registration Depository System (IARD), the national database sponsored by NASAA and the U.S. Securities and Exchange Commission (SEC) that provides investment adviser firms and their investment adviser representatives a single source for filing state and SEC investment adviser registration and notice filings, will waive the IARD system processing fees for state registered investment adviser firms in 2016. While waiving IARD system processing fees for state registered investment adviser firms in 2016, NASAA will continue charging a $10 IARD system processing fee for each investment adviser representative (IAR).
Now that we are into a new year, can you confirm your registered investment adviser firm and its investment adviser representatives were properly renewed for 2015? Every year there are always a handful of investment adviser 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 investment adviser firm retrieves the Final Renewal Statement and confirms it is renewed for calendar year 2015.
Preparing Your Form ADV Annual Amendment
January 03, 2015
Your investment adviser firm’s Final Renewal Statement and report are now available for viewing and printing.
Ensure Timely Preliminary Renewal Statement Payments
November 18, 2014
Don’t wait until the last minute to submit your annual renewal fees. FINRA must be in receipt of the full payment listed on the Preliminary Renewal Statement, which is now available, by December 12, 2014. Investment advisers with sufficient funds in their Flex-Funding Account to cover the Preliminary Renewal Statement payment will have funds automatically transferred on December 15, 2014 to the Renewal Account to cover total renewal fees owed. Investment advisers that choose to mail in their payments are advised to do so now to avoid delays and to ensure funds are received by the deadline. If your investment adviser would like assistance with the annual renewal service, click here for more information on or to purchase RIA Compliance Consultants’ IARD Renewal Program and ADV Amendment Services.
Failure to Properly Renew Registration may Result in Adverse Consequences for Investment Advisers
October 21, 2014
Investment adviser firms and investment adviser representatives must maintain active registrations and/or notice filing statuses with applicable jurisdictions/states. Unless properly renewed, all investment adviser firm and investment adviser representative licensing approvals expire December 31 each calendar year. In order to ensure that investment adviser firms and their investment adviser representatives are properly licensed in all necessary jurisdictions for 2015, renewal fees must be paid through the Investment Adviser Registration Depository (“IARD”) system.
Annual Renewals of Investment Adviser is Quickly Approaching
October 14, 2014
Now is the time for each registered investment adviser to begin preparations for IARD renewals for the investment adviser firm and its investment adviser representatives. Registered investment advisers must make sure that they remain properly registered at all times. If you are an SEC registered investment adviser, you must make sure that your investment adviser is notice filed in all required states. If you are a state registered investment adviser, you must make sure your investment adviser is properly registered in all required states. Generally, registration or notice filing is required at the firm level if an investment adviser has a place of business in the state or if it exceeds the state’s de minimus exemption. However, investment advisers must review each state’s notice filing or registration requirements prior to conducting business in a particular state. Investment adviser representative licensing is always handled at the state level. Investment adviser firms must review and determine that all investment adviser representatives are properly licensed prior to conducting business in a state.
Deadline for Receipt of Preliminary Renewal Statement Payments Quickly Approaching
December 05, 2013
The deadline for investment advisers submit their Preliminary Renewal Statement payment is quickly approaching. FINRA must be in receipt of the full payment listed on the Preliminary Renewal Statement by December 13, 2013. Investment advisers with sufficient funds in their Flex-Funding Account to cover the Preliminary Renewal Statement payment will have funds automatically transferred to the Renewal Account to cover total renewal fees owed on December 11, 2013. Investment advisers that choose to mail in their payments are advised to do so now to avoid delays and to ensure funds are received by the deadline. If your investment adviser would like assistance with the annual renewal service, click here for more information on or to purchase RIA Compliance Consultants’ IARD Renewal Program and ADV Amendment Service.
Preliminary Renewal Statements Now Available
November 21, 2013
As of Monday, November 11, 2013, your investment adviser firm can access its Preliminary Renewal Statement for the upcoming year via its IARD account. 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 advisers must pay in order to maintain active registration for the firm and its investment adviser representatives.
Preliminary Renewal Statement Available Monday
November 06, 2013
Starting Monday, November 11, 2013, a registered investment adviser firm can access its 2014 Preliminary Renewal Statement via its IARD account. The Preliminary Renewal Statement must be paid, in full, by Friday, December 13, 2013. Since it takes approximately two days for payment to post to the IARD account, your firm’s payment should arrive at FINRA no later than Wednesday, December 11, 2013, to ensure that funds are posted to your firm’s IARD account by December 13, 2013.
