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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Office of the Kansas Securities Commissioner
• Facilitating the payment of all Kansas 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 of financial statements directly with the Office of the Kansas Securities Commissioner
• Filing of the Surety Bond directly with the Office of the Kansas Securities Commissioner
• Drafting and filing supervisory procedures manual directly with the Office of the Kansas Securities Commissioner
• Drafting and filing investment advisory and financial planning agreements
• Filing a copy of the qualified custodian’s new account form that includes the 3rd party trading authority
• Drafting of the privacy notice directly with the Office of the Kansas Securities Commissioner
• Filing Form U4 for investment adviser representatives

Important Additional Information for Kansas Registrants:

Financial Statement Requirements

Each investment adviser registered in the State of Kansas who has custody of client funds or securities, and each registered investment adviser registered in the State of Kansas who accepts the payment of advisory fees six months or more in advance and in excess of $500 from any client, shall make and maintain a balance sheet dated the last day of the investment adviser’s fiscal year.

Each balance sheet shall meet both of the following requirements:

1. The balance sheet shall be audited by an independent certified public accountant in accordance with generally accepted auditing standards.

2. The balance sheet shall be accompanied by a report of the independent auditor containing an unqualified opinion that the balance sheet is a fair presentation of the investment adviser’s financial position and is made in conformity with GAAP

The balance sheet and report shall be prepared within 90 days following the end of the investment adviser’s fiscal year. The investment adviser shall file the balance sheet and report with the administrator within five days after a request by the administrator.

Net Worth Requirements

Each investment adviser that is registered or required to be registered in the State of Kansas shall maintain at all times a positive adjusted net worth.

Each investment adviser that is registered or required to be registered in the State of Kansas and that has discretionary authority over client funds or securities shall maintain at all times a minimum adjusted net worth of $10,000, unless the investment adviser is subject to the greater requirements set forth below.

Each investment adviser that is registered or required to be registered in the State of Kansas and that has custody of client funds or securities shall maintain at all times a minimum adjusted net worth of $35,000, except the following advisers:

1. Any investment adviser that has custody solely because the adviser meets the definition of custody by having fees directly deducted from client accounts and that complies with certain safekeeping requirements;

2. Any investment adviser that has custody solely because the adviser meets the definition of custody due to any arrangement that gives an investment adviser or its supervised person legal ownership of or access to client funds or securities, which may include an arrangement in which the investment adviser or its supervised person is the trustee of a trust, the general partner of a limited partnership, the managing member of a limited liability company, or a comparable position for a pooled investment vehicle and that complies with certain safekeeping requirements and certain recordkeeping requirements; and

3. Any investment adviser that has custody solely because the adviser is trustee for a beneficial trust and certain other conditions are met.

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