Doug Little
Commissioner
Boyd Dunn
Commissioner
Tom Forese
Chairman
Andy Tobin
Commissioner
Bob Burns
Commissioner

 

 

         

Securities Division

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)].      
  • 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 RepresentativeStatement 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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