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Requirements for an Alaska Investment Adviser Bond

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The State of Alaska Division of Banking and Securities has the duty to maintain the Investment Adviser program.

The department has oversight of professional exams, auditing of journals, ledgers and other forms of accounting and record keeping, compliance of disclosures and conflicts of interest, advertising compliance, and consumer complaints.

Alaska Statues Title 45 (Trade and Commerce) Chapter 55 (Alaska Securities Act) Section 030 provides details of the Investment Adviser duties and requirements.


The registration process includes:

1. Payment of a filing fee and application for registration through IARD with any required attachments
2. Consent of service
3. Business breakdown
4. List of branch offices in the state
5. $35,000 surety bond if the investment adviser:

  1. Maintains custody of client funds or securities; or
  2. $10,000 bond if client funds are discretionary
6. De Minimis- Registration is not required if the applicant does not have a physical business location in Alaska and has only institutional clients or during the previous 12-month period had less than five Alaskan resident clients, not including institutional clients.

What Will This Bond Cost?

The premium for the Alaska Investment Adviser bond is dependent on bond amount and the Adviser's credit.

Did You Know?

Most states require the Series 63 examination even if you have already passed the FINRA examination.

Information:

FINRA Registration and Qualification FAQ
Alaska State Legislature Securities Act (http://www.legis.state.ak.us/basis/statutes.asp#45.55.010)

How Do I Get Bonded?

You can Apply online or contact our Surety Bond Specialists today at:

Phone: 1‑844‑432‑6637
Emailinfo@suretygroup.com
Fax:     404-351-3237
Hours: 8:00-5:00 CST, Monday through Friday


SuretyGroup.com has been underwriting surety bonds for over 35 years throughout the US. We have a team of experienced surety agents and in-house underwriting authority, which gives us a unique advantage over other surety companies. We are able to offer competitive, low rates, quick approvals and immediate bond delivery. In most cases we can approve your application today and deliver your bond tomorrow.



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