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Maryland Investment Adviser Surety Bonds

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The State of Maryland Attorney General, Securities Division mission is to protect Maryland citizens from misrepresentation and fraud and has oversight of the registration of investment advisers. The Maryland Securities Act provides the details for investment advisors and the duties specifically required.

Surety Bond and Registration Requirements:

  1. Payment of a filing fee and application for registration through the Investment Adviser Registration Depository (IARD) with any required attachments.
  2. Provide copies of written client contracts or agreements.
  3. Submit an audited financial statement if the applicant has custody of client funds and a copy of the most recent balance sheet.
  4. An affidavit of prior activity.
  5. Obtain a $10,000 surety bond. The applicant must have at least $35,000 in tangible assets or a net capital of $20,000 if there will be custody of client funds.
  6. Must specify who is the represented authority for the business.
  7. De Minimis- out-of-state applicants with less than five clients are not required to register.

How Much Will This Bond Cost?

The premium you pay or a Maryland Investment Adviser Surety Bond is dependent on credit. Our rates start at $150 with good credit. Contact our Surety Bond Specialists for a free quote.

Did You Know?

Expect a surprise annual audit of client funds report.

Related Links:

Maryland Investment Adviser Registration and Post-Registration Requirements
Maryland Securities Act

More Surety Bond Questions?

Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. 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.

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