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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the Vermont Securities Division
• Facilitating the payment of all Vermont state registration fees
• Preparing and filing Form ADV Part 1 via the IARD system
• Preparing and filing Form ADV Part II directly with the Vermont Securities Division
• Filing Affidavit of Investment Advisory Activity directly with the Vermont Securities Division
• Filing of Vermont Investment Adviser Tax Certification Form
• Filing financial statement and surety bond
• Filing Designation of Supervisor directly with the Vermont Securities Division
• Drafting a compliance manual in conformity with the Vermont New Uniform Securities Act
• Drafting and filing investment advisory and financial planning agreements
• Drafting and filing of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for Vermont Registrants:

Financial Statement Requirements

An investment adviser registered in the State of Vermont having custody of client funds, assets or securities must file a current audited balance sheet.

An investment adviser registered in the State of Vermont having discretion over, but not custody of, client funds or securities, or requiring payment of fees six or more months in advance and in excess of $500 per client, must file a current certified balance sheet.

An investment adviser registered in the State of Vermont having neither custody nor discretion is not required to file a balance sheet.

Vermont’s balance sheet requirements are not applicable to an investment adviser registered or licensed in a state where it maintains its principal place of business and is in compliance with such state’s requirements.

Surety Bond

An investment adviser registered in the State of Vermont having custody of client funds, assets or securities must either meet a $35,000 minimum net worth requirement or post a bond in the amount of the net worth deficiency, rounded up to the nearest $5,000.

An investment adviser registered in the State of Vermont having discretion over, but not custody of, client funds or securities must meet a $10,000 minimum net worth requirement or post a bond in the amount of the net worth deficiency, rounded up to the nearest $5,000.

Vermont’s net worth and bonding requirements are not applicable to an investment adviser registered or licensed in a state where it maintains its principal place of business and is in compliance with such state’s requirements.
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Please call us toll free at 888-798-2930 for more information about our Vermont “Turn-Key” Registration Program.