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Professional Advisor Registration Requirements
Professional advisors may be required to register with an appropriate regulatory organization. Non-US professional advisors should contact their local regulatory authority for more information. Please see the tabs above for more information.
Registration requirements for professional advisors with operations in the US generally are as follows:
- SEC Securities Registration:
- An advisor generally must register with the SEC as an RIA
(Registered Investment Advisor) if you:
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Manage > $25 million in assets; or
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Serve as an investment advisor to a registered investment company; or
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If your "principal office of place of business" is in a state without an investment advisor statute.
The SEC can be contacted directly at (202)-551-6999 or online at www.sec.gov/divisions/investment/iard/register.shtml -
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State Securities Registration:
If you are not required to register with the SEC, you may be required to register in your state. See http://www.nasaa.org/QuickLinks/ContactYourRegulator.cfm for a listing of state regulatory agencies.
- NFA Futures Registration:
You may be required to register with the NFA, unless you qualify for an exemption.
- Province Securities and Futures Registration:
A Canadian non-professional advisor with a small number of accounts may not need to register. All others must register with the provincial securities commissions as a Registered Portfolio Manager. For more information, please see the links below.
Province Website Alberta: http://www.albertasecurities.com/index.php?currentPage=191 British Columbia: http://www.bcsc.bc.ca/QandA/QADetailP.asp?QAId=257 Manitoba: http://www.msc.gov.mb.ca/securities/forms/forms.html Newfoundland: http://www.gov.nl.ca/gs/cca/scon/forms.stm Nova Scotia: http://www.gov.ns.ca/nssc/Registrations/registrations.html Ontario: http://www.osc.gov.on.ca Prince Edward Island: http://www.gov.pe.ca/securities/index.php3?number=59938 Quebec: http://www.cvmq.com/en/courtiers/formul.asp Saskatchewan: http://www.sfsc.gov.sk.ca/ssc/registration.shtml