State Notice Filing Fee
What Is a State Notice Filing Fee? SEC-registered advisers aren’t state-registered, but most states still require a notice filing — essentially a courtesy filing plus a fee — for any adviser with a threshold number of clients residing in that state. Notice filing fee amounts and thresholds vary by state, and firms with clients spread […]
IARD System Fee
What Is the IARD System Fee? FINRA, which operates the IARD system on behalf of the SEC and state regulators, charges this fee to cover the cost of processing and maintaining electronic filings. The fee schedule is tiered by RAUM, meaning larger firms generally pay more than smaller ones, and it applies whether the firm […]
Annual Renewal Fee
What Is the Annual Renewal Fee for RIAs? Renewal fees are typically due in the fourth quarter of each year, ahead of the following calendar year’s registration period, and are processed through IARD’s renewal program, which bundles the federal and state-level fees a firm owes into a single payment cycle. Firms need to ensure their […]