Independent RIA

Registering as an Independent Investment Adviser

Basic requirements:

UPFSA requires all independent advisors offering an advisory service program to hold a
Series 7 and a Series 65/66 license or qualifying designation such as the CFP or ChFC.

1. Contact the SEC or state regulator to request material on how to register.

2.  Complete the form ADV Parts I and II.

3. Submit your form ADV and advisory contracts to UPFSA Advisory Services for review.

4. Advisory Services will then notify you of any changes, comments or questions regarding your ADV, if applicable.

5. Once you incorporate comments from Advisory Services, submit your ADV to the SEC or your state for processing.

6. You will be notified you once your registration 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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