How do I register as an RIA?

RIAs must pass the Series 65 exam. RIAs must register with the SEC or state authorities, depending on the amount of money they manage. Applying to become an RIA includes filing a Form ADV, which includes a disclosure document that is also distributed to all clients.

Do I have to register as an RIA?

While there are some exceptions, in general, investment advisors with $100 million or greater in regulatory assets under management (AUM) must register with the SEC as Registered Investment Adviser (RIA).

What is an RIA license?

Although it sounds like an individual job title, a Registered Investment Adviser (RIA) refers to a firm that is registered with the Securities and Exchange Commission (SEC) or a state’s securities agency. Now, an individual who works for a RIA is an Investment Advisor Representative (IAR).

Can a ria be regulated by FINRA in Florida?

While RIA’s are in no way regulated or supervised by FINRA, the state of Florida uses FINRA’s WebCRD/IARD system to process applications. The Form ADV Part 1 is the on-line component to your Firm’s registration documentation. Note: The Form ADV Part 1 primarily discloses information about the FIRM.

Where can I register as an investment adviser in Florida?

The Florida Division of Securities participates in the Investment Adviser Registration Depository (IARD) system for the registration of investment advisers. This online system enables investment advisers to register in all desired states via a single electronic form.

Is the RIA in a Box LLC legal?

RIA in a Box LLC does not provide legal advice or opinions to any party or client. You should always consult your relevant regulatory authorities as this information should not be relied upon as currently accurate. This information is provided for educational purposes only and is not an exhaustive list of regulatory requirements.

Do you have to submit fingerprints to FINRA in Florida?

Pursuant to Rule 69W-600.002(7)(b), Florida Administrative Code, “The requirement to submit fingerprints is waived for those associated persons pending registration in Florida with a Financial Industry Regulatory Authority (FINRA) member firm and such fingerprints have been submitted and processed by FINRA on behalf of the