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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Minnesota Department of Commerce
• Facilitating the payment of all Minnesota state registration fees
• Preparing and filing Form ADV Part 1 via the IARD system
• Preparing and filing Form ADV Part II directly with the Minnesota Department of Commerce
• Drafting and filing investment advisory and/or financial planning agreements
• Drafting a compliance manual in conformity with the Minnesota Securities Act
• Drafting of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for Minnesota Registrants:

Financial Statement Requirements

An investment adviser applying for registration in Minnesota must submit audited financial statements dated within 135 days of application (current balance sheet required). If audit is in excess of 135 days, also submit an unaudited financial statement.

Note:    An unaudited financial statement or balance sheet is acceptable from investment advisers who do not have custody of client funds or any discretionary authority, or who does not require pre-payment of more than $500 in fees per client and six or more months in advance.

Minimum Net Capital Requirements

A $25,000 surety bond is required for investment advisers applying for registration in Minnesota unless:

1. Applicant has no custody of, or discretionary authority over, any client assets; or

2. Applicant has $100,000 net capital.

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