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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Hawaii Department of Commerce and Consumer Affairs
• Facilitating the payment of all Hawaii 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 financial statement and surety bond
• Drafting a compliance manual in conformity with the Hawaii Uniform Securities Act
• 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 Hawaii Registrants:

Financial Statement Requirements

Every registered investment adviser registered in the State of Hawaii must file an annual report of financial condition within ninety (90) calendar days following the end of the adviser’s fiscal year. Advisers with custody or discretionary authority must submit audited financial statements. Advisers who do not have custody or discretionary authority may submit financial statements that are verified by an officer of the firm and notarized.

Advisers who maintain a principal place of business outside of Hawaii must file a copy of the most recent financial report or statement that the adviser has filed with securities commission of the state in which it maintains its principal place of business.

Net Worth Requirements

Hawaii maintains the following minimum net worth requirements for investment advisers registered in the State of Hawaii:

1. No custody or discretionary authority - $5,000
2. Custody of client funds or securities - $35,000
3. Custody due to direct fee deduction - $5,000
4. Custody due to advising a pooled investment vehicle - $5,000
5. Discretionary authority only - $10,000

Surety Bond

Hawaii maintains the following surety bond requirements for investment advisers registered in the State of Hawaii:

1. Advisers with custody or discretionary authority shall be bonded for $50,000.

2. Advisers with custody or discretionary authority who do not meet the minimum financial requirements must be bonded in the amount of the net worth deficiency rounded up to the nearest $5,000.

3. Advisers who maintain a principal place of business outside of Hawaii are exempt from the bonding requirements as long as the adviser is registered in the state where it maintains its principal place of business and is in compliance with that state’s bonding requirements.

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