Registration Transition Central « US Compliance Blog

All SEC-registered investment advisers are required to file an amendment to their Form ADV Part 1 by March 30, 2012. If your assets under management are between $25 and $90 million (a so-called “mid-sized adviser”) as of the date of this filing, you will be required to transition from SEC to state registration by June 28, 2012. To help transitioning SEC advisers through this difficult process, we have compiled in one central location all the knowledge and experience gained through our handling of hundreds of state registrations and registration transitions.

Registration Transition Checklists

We have prepared Registration Transition Checklists for every state. These checklists help guide a transitioning SEC adviser step by step through the registration transition process.

Please click here to find the Registration Transition Checklist for the state or states that are of interest to your investment advisory firm.

Articles

Scott Gottlieb, President of U.S. Compliance Consultants, has written in-depth articles on the registration transition process for the Schwab Compliance Review Newsletter:

New Rules Finalize SEC to State Registration Transition Requirements (Sept. 2011)
Transitioning From SEC to State Registration (Sept. 2010)

Scott also conducted a webinar for TD Ameritrade on the perils of the transition process. Here are the slides from that presentation:

Transitioning From SEC to State Registration (Oct. 2010)

Frequently Asked Questions

Since the passage of Dodd-Frank, SEC registered advisers have raised numerous questions about the registration transition process. We thought, what better way to help transitioning investment advisers then to let them know what is of concern to other advisory firms?

Please click here to find our list of frequently asked questions and answers.

State Compliance Updates

Unlike the SEC, states are not as forthcoming with information about registration and compliance. Because we interact with state regulators on a daily basis, we have access to a constant flow of useful information.

Each time we send out a Compliance Alert or add a post to our “Compliance Best Practices” Blog on either the Registration Transition process or the State Registration process, it will be posted here for your convenience.