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Iar investment advisor representative

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RIA firm that is fully owned and controlled by the individual advisor. Many independent broker-dealers allow for this arrangement which allows the advisor to have greater independence, control, and financial reward on the advisory side of his or her practice. While a hybrid setup allows an advisor to offer both brokerage and advisory services, it should be noted that this arrangement is generally under greater regulatory scrutiny given the potential conflicts of interest. It is very important that if you are considering joining an independent broker-dealer that you first confirm that the broker-dealer allows you to have your own independent RIA firm. After this has been confirmed, it may make sense to begin the RIA registration process.

The investment advisor registration process is administered at either the state or SEC jurisdiction level. FINRA regulates broker-dealers, but it does not have any regulatory authority over registered investment advisors. Do keep in mind that there are some exceptions to these general guidelines. Each state’s registration process is also unique to the individual state. As part of the RIA registration process, it will be important to disclose your outside business activity as a registered representative with the broker-dealer. This is a very important step of the process as it’s crucial that any potential conflicts of interest be fully disclosed.

Licensing Requirements: Series 65, Series 66 and Series 7 combined, or CFP, CFA, CIC, ChFC, PFS. Solely holding the Series 7 license may be sufficient to register as a representative with a broker-dealer but will not be sufficient for establishing your own RIA firm. IARD system to process applications. The Form ADV Part 1 is the on-line component to your Firm’s registration documentation.

Note: The Form ADV Part 1 primarily discloses information about the FIRM. Individual information is primarily disclosed in the Form U4 as detailed below. The Form ADV Part 2A acts as your Firm’s Brochure. It is a narrative description of your services, fees, disciplinary disclosures, as well as several other Firm details. The Form ADV Part 2A must be provided to all Clients and Prospective Clients. This form contains employment, educational, conflict of interest, and disciplinary information. Generally, Executive Officers, any person generating investment advice provided to clients, and any representative advising clients must have a Form ADV Part 2B.

Client Advisory Contract including an investment policy statement that meets the appropriate regulatory authority standards for client advisory contracts. The firm’s Policies and Procedures manual is the guiding document that your firm will use to maintain and enforce your firm’s internal policies on all aspects of your business from the handling of client complaints to the training of new Investment Adviser Representatives. It also houses your firm’s Business Continuity Plan, Anti-money Laundering Policy, and Anti-insider Trading Policy. The Firm’s Privacy Policy Statement must be provided to all clients at the beginning of the client relationship and annually thereafter. It must disclose how the firm stores, and handles and disseminates client information.

Privacy Policy Statements are built to your firm’s specifications and designed to meet SEC or state requirements. Over 3,000 investment advisors have trusted RIA in a Box as their registration compliance consultants to help them start an RIA and our mission is to enable fellow entrepreneurs to establish their own RIA firms and remain in constant compliance with regulatory guidelines. We are staffed by ex-regulators and believe we offer incredible value that can’t be matched. Note: RIA in a Box LLC is not a law firm, investment advisory firm, or a CPA firm. RIA in a Box LLC does not provide legal advice or opinions to any party or client. You should always consult your relevant regulatory authorities as this information should not be relied upon as currently accurate. This information is provided for educational purposes only and is not an exhaustive list of regulatory requirements.