Tip #1 for an Investment Adviser’s IARD Renewal

November 11, 2019

As you review your investment adviser firm’s Preliminary Renewal Statement from the IARD system, you should consider whether your investment adviser firm desires to terminate a firm-level investment adviser state registration or state notice filing so it can receive a regulatory fee refund.

In order to receive a refund on the Final Renew Statement, your investment adviser firm must file the withdrawal request via the IARD system by no later than Thursday, December 26, 2019.  Otherwise, your investment adviser firm’s state registration or state notice filing will be renewed in each state for 2020.  Your investment adviser firm will not receive partial or pro-rata refunds for withdrawing state registrations and state notice filings on or after January 2, 2020; no refunds will be issued by the state securities regulator if the Form ADV-W or Form ADV Amendment is filed after December 26, 2019.

Although your investment adviser firm may file such a Form ADV-W or Form ADV amendment removing the state registration or notice filing, your investment adviser firm still must pay the Preliminary Renewal Statement in full, by Monday, December 16, 2019.  You will not receive credit for any refunds until the Final Renewal Statement.

Posted by Grant Parr
Labels: IARD, Renewals