Friday, November 10, 2017

Annual RIA Renewal Fees Processing and Calendar

It is that time of year when your RIA registrations fees are due on an annual basis regardless of whether an entity or an individual is registered for the entire year or a limited duration.

On Monday (11/13/2017) a notice will be sent to you from FINRA indicating that a preliminary renewal statement is now available through E-Bill on the IARD system. The statement will be based on the firm’s current registrations and calculated to assume they will remain the same in 2018. The amount shown will be the amount an RIA is required to pay by 12/18/2017. There is an opportunity to review the current registrations by 12/26/2017 in order to remove registrations no longer required for a refund on 01/02/2018 or to add additional registrations with a payment due by 01/22/2018.

Please note: AdvisorAssist will take the necessary steps to review and prepare the preliminary statement to facilitate the payment of fees. Our process is designed to complete the renewal process for each client by the end of November to get ahead of any volume related systems issues or other year-end requirements that could lead to a firm not being properly registered going into 2018.

Key dates to note include:

  • November 13, 2017: Preliminary Renewal Fee Statements available to download and review.

  • December 18, 2017: Payment due for Preliminary Renewal Fee Statement.

  • December 19, 2017: FINRA automatically transfers funds from your Flex Funding account to your Renewal account for any fees due.

  • December 26, 2017: Last Day to Submit Registration Terminations by 6 PM (ET).

  • January 02, 2018: Final Statements Available with a Balance Due or a Refund.

  • January 22, 2018: Final Renewal Fee Statement payments are due to avoid de-registration.

Consequences of Non-Payment
If applicable registration fees are not paid, firm and/or individual registrations terminate and a new application will need to be submitted. Depending on the state, a new application may begin the registration process as if it were an initial registration subject to a 30-day review period.  During the period of time where an entity or individual registration is pending, advisory services may not be offered and no fees collected.

Please contact AdvisorAssist with any questions: and stay tuned for upcoming communications on how we can assist with your renewal process.


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