Investment Adviser News Archive

Archive of news of interest to investment advisers.

• Fiscal Year End Reporting - Due March 31, 2013
  The final stage of the annual renewal process is your fiscal year end filings that must be completed within 90 days after your fiscal year end. If your fiscal year end is December 31, your filing requirements will be due March 31, 2013.
  
  Annual Filing Reminder Letter to Investment Advisers (PDF)*
  Fiscal Year End Report Form (PDF)*
• Investment Adviser Renewal Presentation
  Renewal season is here. View the presentation linked below for more information on the renewal process and important deadlines.
  
  2013 Investment Adviser Renewal Presentation (PDF)*
• Investment Adviser Renewal Notice for 2013
  On October 22, 2012, the Division of Securities issued a notice to investment advisers regarding their renewal for 2013. The annual renewal fees for investment advisers and their representatives must be paid to the Investment Adviser Registration Depository ("IARD") by December 13, 2012.
  
  Investment Adviser Renewal Notice (PDF)*
• New Laws Concerning the Financial Exploitation of Vulnerable Adults
  In 2010, the Washington State Legislature passed laws concerning the financial exploitation of vulnerable adults that apply to broker-dealers and investment advisers.
  
  More Information About the New Laws
  
  
• Notice To Hedge Fund Managers - Partnership and LLC Agreements
  Regarding the use of Partnership and LLC Agreements to satisfy the written investment advisory contract requirement. View Notice (PDF)*
  
  
• Notice To Hedge Fund Managers - Registration with the State of Washington
  The Securities Division requires that any hedge fund manager with a place of business in Washington that receives compensation for managing a fund containing securities be registered as an investment adviser with the State of Washington, unless the manager is registered with the SEC, excepted from the definition of investment adviser under RCW 21.20.005, or exempted from registration under RCW 21.20 040.1. View Notice (PDF)* 
• NASAA Offers New Resource to Help Investment Advisers Identify State Registration Requirements
  The North American Securities Administrators Association launched an online resource to help investment advisers switching from federal to state securities regulatory oversight identify individual state registration requirements.
  
  IA Switch Resource Center
• State Securities Regulators Launch Coordinated Review Program
  The North American Securities Administrators Association (NASAA) announced that it has developed a coordinated review program for investment advisers switching from federal to state securities regulatory oversight as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
  
  News Release from NASAA
• Notice Regarding Investment Adviser Switch to State Registration
  On October 21, 2011, the Securities Division of the Department of Financial Institutions issued a notice to investment advisers registered with the U.S. Securities and Exchange Commission ("SEC") regarding the SEC’s new rule switching mid-size investment advisers (with assets under management between $25 million to $100 million) from SEC oversight to state registration.
  
  Notice Regarding Investment Adviser Switch (PDF)*
  Frequently Asked Questions Regarding Switch

* To open a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.