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2023 Final Renewal Statement Available

January 2, 2023

An investment adviser firm’s Final Renewal Statement is available through the IARD  on Monday, January 2, 2023.

The FInal Renewal Statement reconciles what was charged on the Preliminary Renewal Statement with what is actually owed as the start of the new calendar year. The Final Renewal Statement confirms whether an investment adviser firm must pay an additional amount, received a refund (i.e. credit) to its Flex-Funding Account or is Paid-in Full.

When reviewing the Final Renewal Statement, an investment adviser firm should confirm whether the renewal fees have been paid in full or whether additional funds are required to be paid.  The investment adviser firm should also confirm that the investment adviser firm and its investment adviser representatives are properly registered or noticed filed in the applicable jurisdictions.

If the Final Renewal Statement indicates “Failed to Renew”, an investment adviser firm will need to contact immediately each applicable state securities regulator to determine what will be required by the state securities regulator.

If an investment adviser firm owes additional fees on the Final Renewal Statement, the investment adviser firm must pay by the Final Renewal Statement’s due date.

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January 2, 2023
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