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

• Setting up your firm’s account on the Investment Adviser Registration Depository (IARD) system
• Acting as liaison with the West Virginia Securities Commission
• Facilitating the payment of all West Virginia 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
• Drafting a compliance manual in conformity with the West Virginia Securities Act
• Drafting investment advisory and financial planning agreements
• Drafting of the privacy notice
• Filing Form U4 for investment adviser representatives

Important Additional Information for West Virginia Registrants:

Net Capital Requirements

Every investment adviser registered in the State of West Virginia maintain net capital of not less than twenty-five thousand dollars ($25,000), which shall be in the form of cash or securities or other liquid assets as determined by the Commissioner of Securities. Any investment adviser which fails to meet, or does not at all times maintain the minimum net capital herein prescribed is required to furnish a surety bond. If any investment adviser is an individual, the person shall segregate from personal capital an amount sufficient to satisfy the net capital requirement, and the amount so segregated shall be used solely for the business for which the investment adviser is licensed.

Surety Bond

Any West Virginia registered investment adviser which fails to meet, or does not at all time maintain the minimum net capital defined, is required to furnish a surety bond in the amount of ten thousand ($10,000.00) as a condition for said registration becoming or remaining effective. Said surety bond shall be admitted on a form acceptable to the Commissioner of Securities, and shall acknowledge the registrant, as principal, and the surety indebted and firmly bound unto this State.
…………………………………….

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