This sample letter is intended for use when an investment adviser representative is seeking permission from a state securities regulator for dual registration on a temporary basis as an investment adviser representative with both a new investment adviser firm and an old investment adviser firm.
Dual registration creates a risk of client confusion as to the investment adviser firm which is providing the service, and consequently, the dual investment adviser representative and each investment adviser firm must take steps to clarify the role of each party and properly identify the responsibilities/limitations of each party. Since not every state permits dual investment adviser representative registration, the user should first contact the licensing department of the state securities regulator. Certain states which allow dual registration of an investment adviser representative may have other forms that need to be completed or require additional representations in the letter.
Included with Gold and Platinum Packages. Initially posted in August 2017.
Client Letter – Assignment/Change of Ownership – Rep Starting New Firm, Dual IAR Registration During Transition, 60 Days’ Notice and Authorization to Release Client Information
Rep – Recruiting Practices – Checklist
Rep – Recruiting – New Firm Recommending Prospect Retain Attorney Before Affiliating
Recorded Webinar : Solutions and Answers to Form U4 and Form U5 Challenges
Recorded Webinar : Investment Adviser Compliance for RIAs with Representatives Dually Licensed with a Broker-Dealer
Form U4 FAQs
Series 65 Examinations
This sample document is merely an example for general reference and educational purposes. RIA Compliance Consultants, Inc. is providing this sample document to the purchaser on an “as is” basis with no warranty or guaranty whatsoever.
This sample document should be considered a starting point, and purchaser should not treat this sample document as a final document ready for use. The sample document has not been customized to the purchaser’s business model, the specific investment advisory rules applicable to the purchaser’s investment adviser or the written supervisory procedures and code of ethics of purchaser’s investment adviser.
This sample document may not be applicable or appropriate for every investment adviser. The purchaser should not consider a sample document purchased from our online store as an exhaustive, comprehensive or definitive list of the items necessary to meet the purchaser’s obligations under the applicable investment adviser laws and rules.
This sample document is not intended to detect or prevent fraud, selling away, Ponzi schemes, undisclosed outside business activities, inaccurate or false fee calculations, theft, misappropriation or unlawful conversion of client funds.
Due to changes of investment adviser laws and rules, this sample documented may become outdated and need to be updated or discontinued. RIA Compliance Consultants, Inc. will not be providing any subsequent updates of this sample documents to the purchaser. Likewise, RIA Compliance Consultants, Inc. will not be monitoring and reporting to the purchaser any issues related to the use of this sample document.
Since this sample document may not reflect the specific investment advisory requirements of the purchaser’s securities regulator, the purchaser should check with the securities regulator(s) with jurisdiction over its investment adviser or review any applicable rules before using this document.
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