Can my firm register as an investment advisor without an individual qualified to serve as an investment advisor representative?
Almost all state securities regulators require a firm registering as an investment advisor to also include at least one individual within such firm to serve as an IAR. In other words, a firm applying to become registered with its home state as an investment advisor must also have an IAR before it the firm’s application will be approved by the state securities regulator. With respect to a firm registering with the SEC, there is no federal requirement that there be an IAR affiliated with the firm. However, when the firm notice files with the firm’s home state, the firm’s home state securities regulator will note that there are no individuals registered as an IAR and therefore require the firm to register individuals acting as an IAR.
- Can my firm register as an investment advisor without an individual qualified to serve as an investment advisor representative?
- When will the attorney fee checks be addressed to the firm and not the individual representative?
- When must an individual investment adviser representative register with a state?