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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Illinois Securities Department
• Facilitating the payment of all Illinois state registration fees
• Preparing and filing Form ADV Part 1 via the IARD system
• Preparing and filing Form ADV Part II directly with the Illinois Securities Department
• Preparing and filing Schedule D directly with the Illinois Securities Department
• Filing unaudited balance sheet with the Illinois Securities Department
• Filing corporate formation documents and all amendments
• Drafting and filing investment advisory and/or financial planning agreements
• Drafting a compliance manual in conformity with the Illinois Administrative Code
• Drafting of the privacy notice
• Filing Designated Principal Affidavit directly with the Illinois Securities Department
• Filing Affidavit of Prior Investment Activities in Illinois directly with the Illinois Securities Department
• Filing Investment Adviser Representations
• Filing Form U4 for investment adviser representatives

Important Additional Information for Illinois Registrants:

Financial Statements

Investment adviser registrants in the State of Illinois must file one copy of a balance sheet prepared not more than 60 days prior to the date of filing the application for registration. The balance sheet must contain an affirmation that the information is true and correct, together with a statement disclosing whether the investment adviser retains or during the term of registration will retain custody of any advisory client's cash or securities or accepts prepayment of fees in excess of $500 per client and six (6) or more months in advance. The statement must be signed by an officer, general partner or the sole proprietor.

Designated Principals

Each investment adviser registered in the State of Illinois must have at least one examination-qualified principal who is responsible for the rendering of investment advice and the supervision of each investment adviser representative servicing Illinois customer accounts. Each designated principal must have passed the qualifying examinations or educational program designation.

Affidavit of Prior Investment Activities in Illinois

Applicants for registration in the State of Illinois must certify that:

• Neither applicant nor any of his/her representatives has rendered any investment advice for a fee or entered into any agreement to render investment advice for a fee to any Illinois residents; and

• Neither applicant nor any of his/her representatives will engage in the business of rendering investment advice for a fee to Illinois residents until said firm is registered to do so with the Illinois Securities Department; or

• Applicant has rendered investment advice for a fee to Illinois residents. All information relating to said advice is attached, including the exemption or exclusion under which Illinois residents' accounts have been or are being serviced, if applicable.

Investment Adviser Representations under the Illinois Securities Law of 1953

Applicants for registration in the State of Illinois must make the following representations as a condition to registration as an investment adviser under the provisions of Section 8.D of the Illinois Securities Law of 1953 and its relevant Administrative Rules thereunder:

• Applicant will not charge or receive compensation in connection with the rendering of investment advice unless such compensation is fair and reasonable, is determined on an equitable basis and adequately disclosed in writing to each Illinois advisory client. Negotiable fees will not be based upon capital gains or performance unless in conformance with the provisions of Rule 205-3 under the Investment Advisers Act of 1940; and

• Applicant, when selecting the services of a dealer to effectuate securities transactions for Illinois advisory clients, will utilize dealers registered in the State of Illinois unless such transactions are otherwise exempt pursuant to Section 4 of the Act; and

• Applicant will ensure that each designated principal and each investment adviser representative who offers for sale or sells securities in the State of Illinois will be registered as a salesperson under Section 8.C of the Act; and

• Applicant will provide each Illinois advisory client and prospective advisory client with a written disclosure statement (brochure) as required by Section 130.846 of the Rules under the Act and Rule 204-32 under the Investment Advisers Act of 1940. Adverse financial and disciplinary information will be disclosed in accordance with the provisions of Section 130.847 of the Rules under the Act.

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