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North Carolina Investment Adviser Surety Bond

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The State of North Carolina Department of the Secretary of State, Securities Division, has the responsibility of overseeing Investment Adviser licensing, consumer protection and investor education.

The North Carolina Investment Adviser Act, Chapter 78C of the North Carolina Statutes details the investment adviser registration requirements and exemptions.

Surety Bond and Registration Requirements:

  1. Payment of a filing fee and application for registration through IARD with any required attachments.
  2. Submit a financial statement.
  3. Have a minimum of net worth of $35,000 if there is custody of client funds and a $10,000 net worth for those with discretionary authority only.
  4. Obtain a $35,000 surety bond if there will be custody and/or discretionary authority of client funds. Instead of a bond, a deposit of cash or securities is acceptable.
  5. De Minimis- applicants are not required to register until there are five clients.

How Much Will This Bond Cost?

The premium that you pay for a North Carolina Investment Adviser Surety Bond is dependent on credit.

Did You Know?

A North Carolina investment adviser must renew their registration and bond annually by December 31.

Related Links:

North Carolina FAQs
North Carolina Securities Act
North Carolina Investment Advisers Act

More Surety Bond Questions?

Check out our FAQ 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.

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