Preliminary Renewal Statement Available Monday

November 06, 2013

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Starting Monday, November 11, 2013, a registered investment adviser firm can access its 2014 Preliminary Renewal Statement via its IARD account.  The Preliminary Renewal Statement must be paid, in full, by Friday, December 13, 2013.  Since it takes approximately two days for payment to post to the IARD account, your firm’s payment should arrive at FINRA no later than Wednesday, December 11, 2013, to ensure that funds are posted to your firm’s IARD account by December 13, 2013. 

Unfortunately, every year there are investment adviser firms that fail to submit renewal fees through their IARD accounts in a timely fashion, and almost all state securities regulators will automatically terminate these registered investment adviser firms and their investment adviser representatives for failing to pay their renewal fees.  The contacting of each state securities regulator after such a failure to renew can be time intensive and potentially expensive since a state securities regulator typically has the authority to require a new registration application and prohibit the charging of investment advisory fees as long as the investment adviser and its representatives are unregistered.

To help avoid problems with your investment adviser’s annual renewals, RIA Compliance Consultants recommends that you utilize our IARD Renewal Program and ADV Annual Amendment Service. For only $545 investment advisers that engage us for this service will receive assistance with the annual renewal process and with preparing and submitting the Form ADV Part 1 Annual Amendment that all investment advisers are required to file and submit within 90 days following the investment adviser’s fiscal year.

If you would like to engage RIA Compliance Consultants to assist you with your annual renewals and Form ADV annual amendment, please click here to access the IARD Renewal and ADV Annual Amendment consulting agreement.  Please complete and return the consulting agreement to RIA Compliance Consultants by November 11, 2013, along with a payment of $545 (either by check or credit card here). Agreements received after November 11, 2013, are subject to availability and additional fees may be assessed.

Posted by Bryan Hill
Labels: Annual Amendment, Renewals