Similar to other states, a firm seeking to register as a state registered investment advisor in Georgia is required to file the Form ADV Part 1 and Part 2 along with any applicable schedule or appendix through the Investment Adviser Registration Depository (“IARD”) system and correspondingly pay in advance the registration fees via the IARD system. Additionally, a firm applying for state registration as an investment advisor in Georgia is required to send the miscellaneous documents identified below directly to the Securities Division of Georgia. Here is a brief summary of certain requirements of an investment advisor firm registering in Georgia.
The Georgia Securities Division requires a state registered investment advisor firm to maintain a compliance manual.
There is currently no explicit net capital or bonding requirement for an investment advisor firm registered with the State of Georgia.
An investment advisor firm registered with Georgia, which has custody of client funds or securities for the purpose of acting as an investment advisor or which requires payment of advisory fees six months or more in advance in excess of $500 per client, shall file with the Georgia Securities Commissioner an audited balance sheet as of the end of the investment advisor’s fiscal year end. Such balance sheet must be:
A Georgia registered investment advisor that has custody of client securities and funds must provide:
The Georgia investment advisor registration requirements and other information listed above are being provided for your convenience and are not intended as advice by RIA Compliance Consultants, Inc. Your use of or reliance upon this information does not create a consulting engagement with RIA Compliance Consultants.
Please understand that RIA Compliance Consultants does not guarantee the accuracy of the Georgia investment advisor registration requirements listed above. This information may not be current, and there may be additional Georgia investment advisor registration requirements, forms and procedures which are not identified above. The information on this website is not sufficient for determining whether to register as an investment advisor firm or investment advisor representative. A prospective or existing Georgia registered investment advisor should review in detail the published investment advisor rules of Georgia Securities Division.
The information on this website page is not intended to be an all-inclusive analysis of the state investment advisor registration requirements of Georgia. This website page is not intended as a substitute for and should not be considered the equivalent of consulting with investment advisor compliance professional.