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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Delaware Securities Division
• Facilitating the payment of all Delaware 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
• Filing the financial statements directly with the Delaware Securities Division
• Filing the investment adviser representative list directly with the Delaware Securities Division
• Filing the Investment Adviser Affidavit directly with the Delaware Securities Division
• Drafting a compliance manual in conformity with the Rules and Regulations pursuant to the Delaware Securities Act
• Drafting investment advisory and financial planning agreements
• Drafting of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for Delaware Registrants:

Minimum Financial Requirements

Unless an investment adviser posts a bond pursuant, an investment adviser registered or required to be registered in the State of Delaware who has custody of client funds or securities must maintain at all times a minimum net worth of $35,000, and every investment adviser registered or required to be registered in the State of Delaware who has discretionary authority over client funds or securities but does not have custody of client funds or securities, must maintain at all times a minimum net worth of $10,000. 

Unless otherwise exempted, as a condition of the right to continue to transact business in the State of Delaware, every investment adviser registered or required to be registered in the State of Delaware whose total net worth falls below the minimum required must notify the Delaware Securities Commissioner by the close of business on the next business day of such net worth deficiency. After transmitting such notice, each investment adviser shall, by the close of business on the next business day, file a report with the Delaware Securities Commissioner of its financial condition, including the following:

1. A trial balance of all ledger accounts;

2. A statement of all client funds, securities or assets 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.

Every investment adviser that has its principal place of business in a state other than the State of Delaware shall maintain such minimum capital as required by the state in which the investment adviser maintains its principal place of business, provided the investment adviser is licensed in such state and is in compliance with such state’s minimum capital requirements.

Bonding Requirements

Every investment adviser having custody of or discretionary authority over client funds or securities shall be bonded in an amount of not less than $35,000 by a bonding company qualified to do business in Delaware. These requirements shall not apply to those applicants or registrants who comply with the minimum net worth requirements.

An investment adviser that has its principal place of business in a state other than Delaware shall be exempt from these requirements, provided that the investment adviser is registered as an investment adviser in the state where it has its principal place of business and is in compliance with such state’s requirements relating to bonding.

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