Arizona Requirements for Starting an RIA

Arizona RIA Registration and Compliance

If you’re looking to register a new Registered Investment Advisor (RIA) in Scottsdale or are expanding your core business to include fee-based securities in Arizona, our experienced team and extensive network of industry-leading partners are here to help you achieve your goals while allowing you to focus on what you do best.

We are dedicated to helping advisors by providing true simplicity. We ensure we thoroughly understand your business’s foundation today and goals for tomorrow before beginning our work. This is the foundation upon which our “we-do-the-heavy-lifting-for-you” service style stands and best ensures our custom work aligns with your intentions and our implementation.

Arizona RIA Registration

To register an RIA in Arizona, you will need to submit the documents listed below and pay the initial firm filing fee to the Arizona Securities Division. The fees and specific requirements may have been updated, so it’s essential to check the latest information from the Arizona Securities Division.

Required Documents for Approval

These documents are required whether you’re filing a new RIA for the first time or expanding an existing one into Arizona:

• Form ADV Part 1
• Form ADV Part 2A
• Form ADV Part 2B (at least one Investment Adviser Representative (IAR))
• Form U4 (at least one IAR)
• Wrap-Fee Brochure (if applicable)
• Client Agreement(s) & Notices
• Corporate Documents/Filings/Financial Statements
• Surety Bond: A surety bond of $10,000 is required for RIAs seeking discretionary authority.
• Audited and Certified Balance Sheet
• Fingerprints: Required for sole proprietorships

Additional Requirements for New RIAs

If you are seeking approval as a state RIA for the first time, you will also need to complete the following:

• SAA Creation & FINRA Entitlement
• IARD/CRD Access & Authentication
• E-billing Establishment & Processing

Compliance and Beyond

These documents and processes guide your RIA and each employee away from potential problems and toward the required compliance standards. While these documents won’t be reviewed during the application process, your RIA is expected to develop, maintain, and adhere to adequate standards, including:

• Policies & Procedures Manual
• Code of Ethics
• Cybersecurity Policy
• Privacy Policy
• Business Continuity Plan
• Compliance Procedures, Monitoring, & Execution

If you’re interested in learning more about successfully filing a new Arizona RIA or need to register an existing RIA in Arizona, you can reach us by phone at (810) 227-2549 or submit our contact form. Learn more about our turn-key New State RIA Registration services or explore our additional state filing services.

Arizona Annual RIA Renewals

Arizona RIAs must pay state firm annual renewal fees via FINRA’s IARD system. Within 90 days of the new year, each Arizona RIA must file its annual amendments, indicating material changes and certifying complete disclosure provenance, in addition to executing the renewal process for each firm’s IARs. Check the current fee structure and deadlines for 2024.

Whether you need a cost-effective solution for your annual compliance requirements that can scale to meet your needs on demand or require a comprehensive compliance program and officer, we have the experience, know-how, and resources to protect your firm in an evolving regulatory climate.

Arizona IAR Registration

Becoming an IAR licensed in Arizona requires meeting the licensing requirements or waivers detailed below and payment of an initial registration fee. Once licensed, Arizona IARs must be registered with an approved RIA firm within two years to maintain their license, which involves updating the Advisor’s Form U4 and creating a Form ADV Part 2B brochure supplement. Registration with an approved investment advisor firm is required before conducting any investment advisory business.

Licensing Requirements

To be licensed as an IAR in Arizona, an individual must meet and/or maintain one or more of the following criteria:

• Series 65 License
• Series 7 & 63 Licenses
• CFP Designation
• CFA Designation
• ChFC Designation
• CIC Designation
• PFS Designation

If you are interested in becoming a Series 65 Licensed IAR in Arizona or are looking for a turn-key solution to process your inbound IAR’s U4s and creation of ADV Part 2B Brochure Supplements, contact us today by calling (810) 227-2549 or submitting our contact form.

IAR Renewals

Each year, an IAR must successfully complete the requirements of their firm’s compliance program, certify and acknowledge the firm’s policies and procedures, and ensure the ongoing accuracy of their Form U4 and ADV Part 2B Brochure Supplement. They must also pay their annual renewal fees for continued registration in Arizona.

Arizona RIA

If you’re looking to register a new RIA in Scottsdale or are expanding your core business to include fee-based securities in your Corner our experienced team and broad Network of industry leading partners are here to help you achieve your goals while enabling you to continue focusing on what you do best.

We are driven to help advisors by providing them true simplicity. This is why we ensure we thoroughly understand your business’s foundation today and goals for tomorrow before beginning our work. This really is the base upon which our “we-do-the-heavy-lifting-for-you” service style stands and best ensures our completely custom work to have no gap between your intent and our implementation.

Arizona RIA Registration

To register an RIA in Arizona in 2016 you will need to submit the documents listed below and pay an initial firm filing fee to Arizona’s Securities Division of $250.

Required For Approval

These will be required whether you’re filing a new RIA for the first time or expanding an existing into Arizona:

• Form ADV Part 1
• Form ADV Part 2A
• Form ADV Part 2B (atleast 1 IAR)
• Form U4 (atleast 1 IAR)
• Wrap-Fee Brochure (if applicable)
• Client Agreement(s) & notices
• Corporate Documents/Filings/Financial
• For RIAs seeking discretionary authority a surety bond of $10,000.00 is required
• Audited and Certified Balance Sheet
• If a sole proprietorship; Fingerprints are also required
• New RIA Also Required

You will also need to complete the following items if you are seeking approval as a state RIA for the first time:

• SAA Creation & FINRA Entitlement
• IARD/CRD Access & Authentication
• E-billing establishment & processing

Beyond RIA Registration

These documents and processes form a living set of procedures which guide your RIA and each employee away from potential problems and towards the required compliance standards. These documents essentially ensure your firm’s adherence to regulations, and aren’t going to be reviewed or approved by your Phoenix based regulators during the application process. Your RIA will however still be expected to develop, maintain and adhere to adequate standards including:

• Policies & Procedures Manual
• Code of Ethics
• Cyber Security Policy
• Privacy Policy
• Business Continuity Plan
• Compliance Procedures, Monitoring, & Execution

If you’re interested in learning more about what’s involved in successfully filing a new Arizona RIA or need to register an existing RIA in Arizona which anticipates the Arizona Investment Management Act you can reach us by phone at 810-227-2549 or simply submit our contact us form. You can learn more about our turn-key New State RIA Registration services here or learn more about our additional State filing services here.

Arizona Annual RIA Renewals

In 2016, an Arizona RIA will pay $250 in state firm annual renewal fees via FINRA’s IARD system. Within 90 days of the new year each Arizona RIA will also have to file its annual amendments, indicating material changes and certifying a complete disclosure provenance, in addition to executing the renewal process for each of the firm’s IARs.

Whether you are looking for a cost-effective solution for your annual compliance requirements which can scale to meet your needs on-demand or you need to bring on a comprehensive compliance program and officer, we have the experience, know-how, attitude, people and resources to protect your firm in an evolving regulatory climate.

Arizona IAR

IAR Registration

Becoming an IAR licensed in Arizona will require you to meet the licensing requirements or waivers detailed below and payment of an initial registration fee of $40. Once licensed, Arizona IARs will have to be registered with an approved RIA firm within 2 years to maintain their license – this involves updating the Advisor’s form U4 and creation of a Form ADV part 2B brochure supplement. Registration with an approved investment advisor firm is also required before the IAR can conduct any investment advisory business.

In order to be licensed as an IAR in Arizona an individual must meet and/or maintain one or more of the following criteria:

• Series 65 License
• Series 7 & 63 Licenses
• CFP Designation
• CFA Designation
• CFA Designation
• ChFC Designation
• CIC Designation

PFS Designation

If you are interested in becoming a Series 65 Licensed IAR in Arizona or are looking for a turn-key solution to process your inbound IAR’s U4s and creation of ADV Part 2B Brochure Supplements contact us today by calling 810-227-2549 or submit our contact us form.

IAR Renewals

Each year an IAR must have successfully completed the requirements of their firm’s compliance program, certify and acknowledge the firm’s policies & procedures, and ensure the ongoing accuracy of their Form U4 and ADV Part 2B Brochure Supplement. They must also pay their annual renewal fees for continued registration in Arizona which are $40 in 2016.

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