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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Michigan Securities Division
• Facilitating the payment of all Michigan state registration fees
• Preparing and filing Form ADV Part 1 via the IARD system
• Preparing and filing Form ADV Part II directly with the Michigan Securities Division
• Filing financial statements in accordance with the Michigan Uniform Securities Act
• Completing and filing the Michigan Supplemental Application Form directly with the Michigan Securities Division
• Completing and filing the Consent and Guaranty Form directly with the Michigan Securities Division
• Drafting a compliance manual in conformity with the Michigan Uniform Securities Act
• Drafting the investment advisory and financial planning agreements
• Drafting of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for Michigan Registrants:

Financial Statements

Investment advisers registering in the State of Michigan must provide the Michigan Securities Division with an accrual basis balance sheet in conformity to Generally Accepted Accounting Principles (GAAP) no older than 45 days and must be signed as to its accuracy by an officer, partner, member, or sole proprietor.  The accrual basis accounting method recognizes assets when they are earned (but not necessarily collected) and records liabilities when they are incurred (but not necessarily paid). This is different than the cash basis accounting method, which recognizes revenues when they are collected and expenses when they are paid.  Section 412(4)(g) of the Michigan Uniform Securities Act requires that the applicant be solvent in the sense that its assets exceed its liabilities and in the sense that it can meet its obligations as they mature.

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