License Bond

State registered investment advisor firms will likely be subject to a net worth/net capital and/or bonding requirement. Normally, the level of net worth, net capital or amount of bond is based on the practice of the investment advisor firm.

A common approach many states have adopted is to require registered investment advisor firms with custody of client funds and/or securities to maintain a net worth in the amount of $35,000. Investment advisor firms maintaining discretionary authority, but not custody, over client funds and/or securities must maintain a net worth in the amount of $10,000.

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