How To Register As An Investment Advisor In Florida

Need to know how to register as an investment advisor in Florida? Maybe you're an investment advisor who has recently moved to Florida, and you want to register so you can conduct business there? Or perhaps you live in Florida, and you've recently finished training to become an investment advisor and you now want to register? No problem! This article will provide you with the information you need so you can register to conduct business in Florida.

  1. Determine if you meet one of the exceptions for registering in Florida. You may be eligible for an exception under the National De Minimis Standard if you do not have a principal place of business located in Florida, and you have had fewer than six clients residing in Florida in the past twelve months. There may also be other exceptions to having to file in Florida. However, if you believe you are entitled to any other exemptions, according to Chapter 517 Section 171 of the Florida Statutes, it is up to you to prove that.
  2. Make sure you meet the application requirements. You may have to fill out several forms during the application process. According to the Florida Statutes, these forms may include Form BR, the Uniform Branch Office Registration Form; Form U4, the Uniform Application for Securities Industry Registration or Transfer; Form U5, the Uniform Termination Notice for Securities Industry Administration; Form ADV, the Uniform Application for Investment Advisor Registration; and Form ADV-W, the Notice of Withdrawal from Registration as an Investment Advisor. In addition to these forms, the Office of Financial Regulation may request other information during the application process.
  3. Pay the application fee. The Florida Statutes have set the application fee for investment advisors at $200. It can be paid through the Investment Advisor Registration Depository.

That's it! Once these steps have been fulfilled, you will be a registered investment advisor in Florida, and will be able to conduct business in Florida as long as you continue to meet the regulations. For more information on how to maintain your registration, refer to Chapter 517 of the Florida Statutes or call the Office of Financial Regulation.

show comments

What Others Are Reading Right Now.