Investment Advisers: Forms and Fees

Application for Investment Adviser Registration: Initial Application. The application for initial registration as an investment adviser pursuant to Section 75-71-403(a) of the Act shall be made by filing Form ADV Parts I and II (Uniform Application for Investment Adviser Registration) electronically with IARD and paying the applicable fee.

The application for initial registration shall also include the following filed directly with the Division:

  • A copy of the articles of incorporation or articles of limited partnership currently in effect, certified by the governmental agency where filed;
  • An audited balance sheet as of the end of the investment adviser’s most recent fiscal year. Each balance sheet filed pursuant to this Rule must be:

    1. Examined in accordance with generally accepted auditing standards and prepared in conformity with generally accepted accounting principles;
    2. Audited by an independent certified public accountant; and
    3. Accompanied by an opinion of the accountant as to the report of financial position, and by a note stating the principles used to prepare it, the basis of included securities, and any other explanations required for clarity.

  • If such audited balance sheet is dated more than forty-five (45) days prior to submission of FORM ADV, a current unaudited balance sheet must also be submitted.
  • A copy of the surety bond required by Rule 6.05, if applicable;
  • A copy of the firm’s client contract; and
  • Any other information the Division may reasonably require.

Investment Adviser Registration Fees:

Mississippi Securities Act Rule 4.15. Investment Advisers:

  • Any person filing an application for registration as an investment adviser, and any person filing a renewal registration as an investment adviser, shall submit to the Division a registration or renewal fee of Two Hundred Dollars ($200.00).
  • Any person filing an application for registration as an investment adviser representative, any person filing a renewal registration as an investment adviser representative, and any person person filing a change of registration as an investment adviser representative shall submit to the Division a registration, renewal or change of registration fee of Fifty Dollars ($50.00).
  • ​Any person filing an initial fee or annual notice fee for a federal covered investment adviser required to file a notice under Section 75-71-405 of the Act shall submit to the Division an initial fee or annual notice fee of Two Hundred Dollars ($200.00).​​

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