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

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

Important Additional Information for Tennessee Registrants:

Financial Statements

Investment advisers applying for registration in the State of Tennessee must submit a balance sheet prepared in accordance with generally accepted accounting principles consistently applied as of a date not more than ninety (90) days prior to the date of such application, which shall demonstrate compliance with the net capital requirement for a registered investment adviser in the state in which the applicant maintains its principal place of business. “Principal place of business” means the executive office of the investment adviser from which the officers, partners, or managers of the investment adviser direct, control, and coordinate the activities of the investment adviser.

For any applicant which has or will have custody of client funds or securities, or which requires or will require prepayment of more than five hundred dollars ($500) in advisory fees six (6) or more months in advance, an audited balance sheet. If such applicant has not yet had an audit performed pursuant to its first fiscal year of existence it may submit an unaudited balance sheet in such detail as will disclose the nature and amount of assets and liabilities and the net worth and net capital of the applicant. Such financial statement shall be prepared as of a date within thirty (30) days of the filing date and shall be certified as to its correctness by the sole proprietor, a general partner or a duly authorized executive officer of the applicant, and shall be accompanied by a designation of accountant to be executed by the accountant so designated to perform the applicant’s first annual audit.

Corporate Filings

Investment adviser applicants in the State of Tennessee must submit corporate formation documents as follows:

• If the applicant is a corporation, a certified copy of its articles of incorporation and amendments thereto, and a copy of its by-laws certified by the secretary of the corporation.

• If the applicant is a partnership, a copy of its partnership agreement, certified by a general partner.

• If the applicant is a limited liability company, a copy of its articles of organization as filed within the state in which it was formed and a copy of its operating agreement, if any, certified by a managing member.

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