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3.3.4 Effective registration
Achievable Series 63
3. Registration
3.3. Investment advisers

Effective registration

Once an investment adviser has submitted all the necessary paperwork and complied with general requirements, the state administrator will review their request. Let’s review the important items submitted:

If “all the boxes are checked,” the administrator will grant effective registration to the investment adviser, typically on the 30th day after filing at noon. Similar to broker-dealers and agents, the adviser may not imply their registration is approval from regulators.

Key points

Effective registration

  • Signifies a financial professional may legally operate in a state
  • Granted after the investment adviser submits:
    • Form ADV disclosures
    • Filing fees
    • Consent to service of process
    • Confirmation meeting minimum net worth
    • Surety bonds (if required)
  • Typically granted on the 30th day after filing at noon
  • Does not relate to approval

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