Securities Division
Matthew J. Neubert - Director
1300 W. Washington St. 3rd Floor
Phoenix, AZ 85007
(602) 542-4242
(866) 837-4399
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Arizona Investment Adviser and Investment Adviser Representative
Licensing and Notice Filing Requirements
 
Applications for licensure will be processed in accordance with A.A.C. R14-6-105
 
 
INVESTMENT ADVISER LICENSING AND NOTICE FILING
 
State Licensure:
 
1. Form ADV Parts 1 and 2 submitted through FINRA IARD [A.R.S. § 44-3153(B)].
 
2. Affidavit of Adviser Activity in Arizona [A.R.S. § 44-3153(C)(4)].
 
3. $250 fee submitted through FINRA IARD [A.R.S. §§ 44-3153(D), 44-3181(A)].
 
4. Audited Balance sheet (if required) [A.R.S. §§ 44-3153(C)(3), 44-3159, A.A.C. R14-6-206].
 
5. Confirmation of written advisory agreement [A.R.S. §§ 44-3154, 44-3201(A(14), A.A.C. R14-6-203].
 
6. Additonal requirements for sole proprietors: 
  • Fingerprint card and $22.00 processing fee filed with the Securities Division, if fingerprints are not on file with the Division, CRD, or IARD.  A blank card may be obtained from the Division [A.R.S. §§ 44-3153(C)(6), 44-3181(F)].      
  • Satisfaction of written examination requirement [A.R.S. § 44-3153(C)(2), A.A.C. R14-6-204)].
  • Proof of lawful presence for Arizona residents and non-Arizona residents who do not have an equivalent license issued by another state [A.R.S. § 41-1080].   
SEC Registered - Notice Filer:
 
1. Form ADV Part 1 submitted through FINRA IARD [A.R.S. § 44-3153(E)].
 
2. $250 fee submitted through FINRA IARD [A.R.S. §§ 44-3153(F)(3), 44-3181(A)]. 
 
 
INVESTMENT ADVISER REPRESENTATIVE LICENSING
 
1. Form U-4 submitted through FINRA IARD  [A.R.S. § 44-3156].
 
2. $40 fee submitted through FINRA IARD [A.R.S. § 44-3181(A)].
 
3. Fingerprint card and $22 processing fee filed with the Securities Division, if fingerprints are not on file with the Division, CRD, or IARD.  A blank card may be obtained from the Division [A.R.S. §§ 44-3156(C)(3), 44-3181(F)].  
 
4. Satisfaction of written examination requirement [A.R.S. § 44-3153(C)(2), A.A.C. R14-6-204)].
 
5. Proof of lawful presence for Arizona residents and non-Arizona residents who do not have an equivalent license issued by another state [A.R.S. § 41-1080].  
 
 
REPORTING REQUIREMENTS 
 
State Investment Adviser:
 
1. Statement of material changes submitted through FINRA IARD [A.R.S. § 44-3159(A)].
 
2. Audited Balance sheet (if required) [A.R.S. §§ 44-3153(C)(3), 44-3159, A.A.C. R14-6-206].
 
Investment Adviser Representative: Statement of material changes submitted through FINRA IARD [A.R.S. § 44-3159(A)].
 
 
RENEWAL
 
State Investment Adviser and SEC Registered - Notice Filer: 
 
1. $250 annual fee on or before December 31 [A.R.S. § 44-3181(A)].
 
2. Sole Proprietor Investment Advisers:  Proof of lawful presence if documentation has not previously been presented to the Securities Division [A.R.S. § 41-1080].
 
Investment Adviser Representative: 
 
1. $40 annual fee submitted on or before December 31 [A.R.S. § 44-3181(A)].
 
2. Proof of lawful presence if documentation has not previously been presented to the Securities Division [A.R.S. § 41-1080]. 
 
 
NAME CHANGE/REORGANIZATION/MASS TRANSFER
 
In the event of a name change, reorganization, or mass transfer, contact the Securities Division at (602) 542-0326 or SEC-AOD@azcc.gov. 
 
 

 

 

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