How does a firm convert from being a state-registered to an SEC-registered investment adviser or vice versa?
From State to SEC: To convert from being a state-registered adviser to being an SEC-registered adviser on the IARD system, mark the filing type “Apply for registration as an investment adviser with the SEC.” After the SEC approves your registration you should file a “Partial ADV-W” to withdraw your state registration(s). Do not file your Partial ADV-W until your application for SEC registration is approved or you will be unregistered and may be unable to conduct your business during this period of time. From SEC to State: To convert from being a SEC-registered adviser to being a state-registered adviser, mark the filing type “Apply for registration as an investment adviser with one or more states.” After your state registration has been approved, then you should file a “Partial ADV-W” to withdraw your SEC registration. Do not file your Partial ADV-W until your state registration application(s) is approved by the Department or you will be unregistered and cannot conduct your business du
Related Questions
- My firm is an SEC-registered investment adviser (a notice filer in Massachusetts). Must I register all of my representatives who provide investment advice to clients in Massachusetts?
- I work for a joint Investment Adviser/Broker-Dealer (IA-B/D) firm. Do we have separate financial accounts for registration requests?
- How does a firm convert from being a state-registered to an SEC-registered investment adviser or vice versa?
