Investment adviser firms and investment adviser representatives must maintain active registrations and/or notice filing statuses with applicable jurisdictions/states. Investment advisers should be aware that renewing registrations includes paying all applicable renewal fees by December 12, 2011. Unless properly renewed, all investment adviser firm and representative registrations will expire on December 31st of each calendar year. Failure to maintain active registration or failing to properly renew registration may be detrimental to an investment advisor firm. Investment adviser firms and investment adviser representative that are not properly renewed may become ineligible to conduct business affected jurisdictions effective January 1, 2012. Additionally, certain regulators may assess fines against those firms or representatives that fail to properly renew.
Category Archives: Renewals
IARD Renewal Reminder
November 01, 2011
The 2012 IARD renewal season is quickly approaching and investment advisor firms must plan accordingly. As of October 24, 2011, investment advisor firms may submit certain post-dated filings. Post-dated Form U5 filings are used 1) to terminate an investment advisor representative from the investment advisor firm and 2) to terminate an investment advisor representative from registration in states where the investment advisor representative no longer needs to license. Post-dated Form BR amendments are used to close or withdraw a registered branch office. Beginning November 1, 2011, investment advisor firms may submit a post-dated Form ADV-W, which is the filing used to withdraw a firm’s registration in one or more jurisdictions.
Preparing for IARD Renewals
October 26, 2011
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.
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.
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.
Did your Firm Renew for 2008?
January 03, 2008
Now that we are into a new year, can you confirm your registered investment advisor and its advisor representatives were properly renewed for 2008? 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 2008.
2008 IARD Annual Renewal and Form ADV Annual Amendment Requirements
November 05, 2007
Beginning today, Monday, November 5, 2007, investment advisor firms can access their 2008 Preliminary Renewal Statements via their IARD account. The Preliminary Renewal Statement must be paid, in full, by Monday, December 10, 2007. Because it takes approximately two days for payment to post to the IARD account, the funds should arrive no later than Thursday, December 6, 2007, to ensure the money is posted to your IARD account by the 10th.
2008 IARD Annual Renewal and Form ADV Annual Amendment Requirements
October 24, 2007
Beginning Monday, November 5, 2007, investment advisor firms can access their 2008 Preliminary Renewal Statements via their IARD account. The Preliminary Renewal Statement must be paid, in full, by Monday, December 10, 2007. Because it takes approximately two days for payment to post to the IARD account, the funds should arrive no later than Thursday, December 6, 2007, to ensure the money is posted to your IARD account by the 10th.
