Monday, February 3, 2014

Reminder -- ADV Amendments!!

Just a friendly reminder...

Annual ADV amendments are due on March 31, 2014.

Please complete your online questionnaire as soon as possible to ensure a timely filing.

If you have any questions, please email us at support@advisorassist.com.

Saturday, February 1, 2014

Minnesota IAR Registration window is closed

Minnesota issued an update to all Minnesota Registered Investment Advisors on February 6, 2014


As of February 1, 2014 The Minnesota Department of Commerce has closed the initial Investment Advisor registration window. This allowed investment advisors to register with the State of Minnesota without first meeting an exam requirement per the Amended Order (.pdf) issued on October 31st, 2013.

Any applications that have been submitted on or prior to January 31st 2014, will be reviewed and processed as outlined in the amended order. Any applications received on or after February 1, 2014 will need to comply with the requirements as outlined in Minnesota Statute 80A.58 [AA Note: which requires the Series 65 or 66 exam or specific exemption].

To date, close to 10,000 investment advisor representatives have been approved for registration and more than 2,000 refunds have been issued to firms. If you are waiting for a refund please remember to send the following information to the Securities Registration mailbox.

Firm Name/CRD Number
Individual name/CRD number
Transaction Number & Transaction Date
Posting Date
Dollar Amount
Hire Date

Please send questions or comments to: securities.commerce@state.mn.us.

For additional information please visit the Securities Registration and Enforcement Section of the Minnesota Department of Commerce website.


Please submit a support request if you have registrations in Minnesota that require attention.