Investment Advisers in Alabama may need to obtain an Alabama Investment Adviser Surety Bond to be compliant with state laws. The State of Alabama Securities Commission administers the financial Investment Adviser program and has oversight of the professional registration, as well as handling of consumer complaints and auditing. According to the Code of Alabama 1975, §863, and Commission Rule 830X3, investment advisers must meet conditions set forth by law.
A $50,000 surety bond is required if the investment adviser:
The premium that you pay for an Alabama Investment Adviser Surety Bond is dependent on credit.
Registration fees for Investment Advisers is $250. Fees for Investment Adviser Representative is $60.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application