Our “turn-key” investment adviser registration program for the State of Alaska includes:

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Alaska Division of Banking and Securities
• Facilitating the payment of all Alaska state registration fees
• Preparing and filing Form ADV Part 1 via the IARD system
• Preparing and filing Form ADV Part II via the IARD system
• Drafting a compliance manual in conformity with the Alaska Administrative Code
• Drafting investment advisory and financial planning agreements
• Drafting of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for Alaska Registrants:

Bonding Requirements

A state investment adviser registered or required to be registered in the State of Alaska that has custody of client funds or securities shall be bonded in the amount of $35,000.

A state investment adviser registered or required to be registered in the State of Alaska that has discretionary authority over, but does not have custody of, client funds or securities shall be bonded in the amount of $10,000.

A state investment adviser that has its principal place of business in a state other than this state is exempt from the requirements of this section, if the state investment adviser is registered as an investment adviser in the state where it has its principal place of business and is in compliance with that state’s bonding requirements.

The administrator will only accept a bond as meeting the requirements of this section if the bond is:

1. Issued by a company qualified to do business in this state;

2. Issued on State of Alaska Form 08-100, or other form acceptable to the administrator; and

3. Subject to the claims of all clients of the state investment adviser regardless of the client's state of residence.

Minimum Financial Requirements

A state investment adviser registered or required to be registered in the State of Alaska that is not required to be bonded shall maintain a positive net worth at all times.

A state investment adviser registered or required to be registered in the State of Alaska that does not otherwise have custody of or discretionary authority over client funds or securities requiring a bond, but that accepts prepayment of more than $500 per client and six or more months in advance, shall maintain a positive net worth at all times.

As a condition of the right to continue to transact business in this state, if the net worth of a state investment adviser registered or required to be registered in the State of Alaska that is not bonded becomes negative, the state investment adviser shall notify the administrator of that fact by the close of business on the next business day, unless the state investment adviser receives a waiver from the administrator. A state investment adviser registered or required to be registered in the State of Alaska that is required to be bonded shall notify the administrator by the close of business on the next business day if the state investment adviser’s net worth is less than the amount of the bond required. After transmitting a notice required by this subsection, the state investment adviser shall file with the administrator by the close of business on the next business day a report of the state investment adviser's financial condition, including the following:

1. A trial balance of all ledger accounts;

2. A statement of all client funds or securities which are not segregated;

3. A computation of the aggregate amount of client ledger debit balances; and

4. A statement as to the number of client accounts.

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Please call us toll free at 888-798-2930 for more information about our Alaska “Turn-Key” Registration Program.