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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Texas State Securities Board
• Facilitating the payment of all Texas 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 and Certificate of Balance Sheet Form
• Filing Designated Officer letter
• Filing a certified copy of articles of incorporation (or articles of organization) and bylaws (or operating agreement)
• Drafting and filing investment advisory and/or financial planning agreements
• Drafting a compliance manual in conformity with the Texas Securities Act
• Drafting of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for Texas Registrants:

Financial Statements

The balance sheet must be prepared in accordance with generally accepted accounting practices, reflecting the applicant's financial condition as of a date not more than 90 days prior to the date of filing. For sole proprietor applicants, a personal balance sheet must be furnished. The balance sheet should either be audited by an independent certified accountant or otherwise be attested by executing a sworn notarized statement (Certification of Balance Sheet Form) on behalf of the applicant.

Designated Officer Registration

Pursuant to Texas State Securities Board Rule 116.2(b), one control person of each corporation, limited liability company, or partnership must be registered, even if none is actively engaged in advisory activities under this registration. A letter must be submitted with application materials specifying which individual will be the designated officer.

Registration Certificate

Section 21 of the Texas Securities Act requires a registered dealer and registered investment adviser to conspicuously display a registration certificate in the registrant's principal place of business in Texas and in each registered branch office in Texas.

Effective September 1, 2009, the Texas State Securities Board will no longer print or mail these certificates. Instead, registration certificates must be obtained as follows:

• Go to the internet website: www.ssb.state.tx.us/cert;
• Enter either the firm CRD Number, Texas File Number, or CRD Branch Number; and
• Click on "Certificate of Registration" for the appropriate office location to print the certificate.

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