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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Maryland Division of Securities
• Facilitating the payment of all Maryland 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 Balance Sheet directly with the Maryland Division of Securities
• Drafting and filing investment advisory and/or financial planning agreements
• Drafting a compliance manual in conformity with the Maryland Securities Act
• Drafting of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for Maryland Registrants:

Financial Statement Requirements

A investment adviser registered in the State of Maryland that has custody of client funds or securities, or requires payment of advisory fees 6 months or more in advance and in excess of $500 per client, shall file with the Securities Commissioner of the Division of Securities an audited balance sheet as of the end of the investment adviser's fiscal year. Each balance sheet filed shall be:

• Audited by an independent certified public accountant;

• Prepared in conformity with generally accepted accounting principles; and

• Accompanied by a note stating the principles used to prepare it, the basis of included securities or assets, and any other explanations required for clarity.

The financial statements required by this regulation shall be filed with the Securities Commissioner of the Division of Securities within 90 days following the end of the investment adviser's fiscal year.

Minimum Net Capital Requirements

An investment adviser registered or required to be registered in the State of Maryland that has custody of client funds, assets, or securities, or requires payment of advisory fees more than 6 months in advance and in excess of $500 per client, shall:

1. Maintain at all times a minimum net capital of $20,000, or minimum tangible net assets of $35,000; or

2. Be bonded in the amount of $10,000 by a bonding company qualified to do business in this State, or deposit cash or any other equivalent form of security as the Securities Commissioner of the Division of Securities  may permit in the amount of $10,000.

An investment adviser registered or required to be registered in the State of Maryland shall notify the Securities Commissioner of the Division of Securities by the close of business on the next business day if the investment adviser's total net capital or tangible net assets falls below the minimum required net capital or minimum required tangible net assets. After transmitting the notice, the investment adviser shall, by the close of business on the following business day, file with the Securities Commissioner of the Division of Securities a report of its financial condition, including the following:

• A trial balance of all ledger accounts;

• A computation of net capital or tangible net assets;

• A statement of all client funds, securities, or assets that are not segregated;

• A computation of the aggregate amount of client ledger debit balances; and

• A statement of the number of client accounts.

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