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Vermont Investment Adviser Surety Bond

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The Commonwealth of Virginia State Corporation Commission, Division of Securities and Retail Franchising (DFR) otherwise known as the “Division,” regulates securities and registration of securities professionals. It is also responsible for trademarks and franchise registration, investor education programs, following up on complaints and investigating code violations and auditing of securities financials and Investment Adviser Registration. The Virginia Securities Act provides details that investment advisers must meet for the registration process.

Surety Bond and Registration Requirements:

  1. Payment of a filing fee and complete the application for registration through IARD with any required attachments.
  2. Submit an audited balance sheet if having custody of client funds. A certified current balance sheet is required if applicant has discretion over client funds, or requires payment of fees of more than $500 per client or advance payments of more than six months. If the applicant has neither custody nor discretion of client fees, then a balance sheet is not required.
  3. Maintain a minimum net worth of $35,000 or more.
  4. A surety bond is required if the business minimum net worth is less than $35,000. Surety bonds need to be in the amount of the deficiency rounded to the nearest $5,000.
  5. Registration expires December 31 of each year.
  6. De Minimis: out-of-state applicants are not required to register until there are five clients.
  7. Non-CRD/IARD filings must be sent directly to the Division.

How Much Will a Vermont Investment Adviser Bond Cost?

The premium that you pay for a Vermont Investment Adviser Surety Bond is dependent on credit and the bond amount required. Our rates start at 1.5% of the bond amount with good credit. Contact our Surety Bond Agents for a free quote.

Did You Know?

The balance sheet, net worth and bond requirements are waived in Vermont if the applicants’ primary business location is in another state and the applicant meets that state’s compliance requirements.

Related Links:

Vermont Investment Adviser Registration and Renewal
Vermont Investment Adviser Registration Depository (IARD)
Vermont Securities Regulations

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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