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 fingerprint packet can be obtained from the Division [A.R.S. §§ 44-3153(C)(6), 44-3181(F)]. ---> Fingerprint Instructions <---
  • 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)]. 

Arizona Exempt Reporting Adviser (ERA) Filing:

  1. Please Review A.R.S. § 44-3152(B).
  2. Form ADV Part 1 submitted through FINRA IARD [A.R.S. § 44-3152(B)(1)(b)].
  3. $125 annual fee [A.R.S. § 44-3152(B)(1)(c)].
  4. For assistance in filing though FINRA IARD, please contact the FINRA IARD Call Center at (240) 386-4848 or at iard@finra.org.

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 fingerprint packet can be obtained from the Division [A.R.S. §§ 44-3156(C)(3), 44-3181(F)].  ---> Fingerprint Instructions <--- 
  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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Arizona Corporation Commission

1200 W. Washington Street

Phoenix, AZ 85007

 

Corporations Division

1300 W. Washington Street

Phoenix, AZ 85007

 

Tucson Office (Walk-ins only)

400 W. Congress Street

Tucson, AZ 85701