Firm Investment Advisory Service
Becoming an Investment Advisory Representative with UPFSA is probably the quickest,
least expensive, and least administratively demanding way to offer advisory services.
Registering under UPFSA's RIA enables you to:
- manage client accounts for an advisory fee
- offer a wide variety of UPFSA approved money managers
- offer financial planning services
Basic requirements:
UPFSA requires all representatives joining the advisory program to have a Series 65/66 license
or a qualifying designation such as the CFP or ChFC. Representatives managing portfolios with
individual stocks and bonds must be Series 7 licensed.
In order to register under UPFSA's RIA you must:
1. Contact Registration to determine what your specific state requirements are in terms of fees,
paperwork and licensing.
2. You will receive a Registration Packet including:
- UPFSA Registered Investment Adviser Association Agreement
- an "ADV Schedule D"
- any other applicable paperwork pursuant to state requirements
3. The above paperwork must be competed and returned to Registration. Any registration fees
due will be automatically debited from your commissions account.
4. The Registration Department will notify you once your registration under UPFSA's RIA is complete.
Important Note: You must maintain an active securities registration in each state where you
will be soliciting or maintaining advisory clients.
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