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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Arkansas Securities Department
• Facilitating the payment of all Arkansas state registration fees
• Preparing and filing Form ADV Part 1 via the IARD system
• Preparing and filing Form ADV Part II directly with the Arkansas Securities Department
• Drafting and filing of corporate resolution
• Filing of financial statements directly with the Arkansas Securities Department
• Filing of firm organizational information directly with the Arkansas Securities Department
• Drafting a compliance manual in conformity with the Rules of the Arkansas Securities Commissioner
• Drafting and filing investment advisory and financial planning agreements
• Drafting of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for Arkansas Registrants:

Financial Statement Requirements

Investment advisory firms registering in the State of Arkansas that have been engaged in business one year or more must provide a complete copy of their latest audited financial statements plus an unaudited statement of financial condition, as of a date within 30 days of the filing date.

Investment advisory firms registering in the State of Arkansas that neither hold customer funds or securities nor require repayment of more than $500 in fees per client and no more than 6 or more months in advance, may file only the unaudited state of financial condition instead of the complete audited statements. Such statements shall be certified as true and accurate by the chief financial officer or the person execution the Form ADV.

Net Capital Requirements

Each registered investment adviser in the State of Arkansas shall at all times have and maintain no less than a minimum net capital of twelve thousand five hundred dollars ($12,500). Net capital means the net worth of the applicant or registrant calculated by computing the excess of total assets over total liabilities. The provisions of this rule shall not apply to an investment adviser whose principal place of business is located in a State other than Arkansas, provided that the investment adviser is registered or licensed as an investment adviser in such State and is in compliance with the net capital requirements of such State.

Surety Bond Requirements

Investment advisory firms whose principal place of business in Arkansas must post a company surety bond of $50,000 if:

1. the firm holds customer funds, or

2. has discretionary authority over any customer's accounts.
   

No bond is required of the firms whose principal place of business is in a State other than Arkansas, and they are registered or licensed as an investment advisor in such State, and the firm is in compliance with the bonding requirements of such State.

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