Renewal applications for investment advisers and investment adviser representatives are processed through the Investment Adviser Registration Depository (IARD). Preliminary Renewal Rosters containing the fees for all jurisdictions in which the firm is currently registered or notice filed and payment instructions are made available through the IARD in November of each year. The IARD sets a deadline date in December when firms must complete their renewal payments. Firms that fail to meet the deadline to deposit sufficient funds with the IARD will be listed as Failure to Renew and their registration are terminated at year end. When such firms are termed, all investment adviser representatives and branches associated with those advisers will also be termed.
The fees for renewal are:
- $200 for the firm
- $80 for each registered investment adviser representative
- $80 for each branch office located in Wisconsin
Branch office renewals for state-registered investment advisers are included on the Preliminary Renewal Roster. Federal covered advisers must review their list of branches using the Branch Office Online (BOO) application on the Department of Financial Institutions (DFI) website beginning in the middle of October. Renewals can be accomplished using BOO and paying by credit card or e-check. If the firm is unable to renew via credit card or e-check, it should print the list of branches from BOO and mail it to the Division of Securities along with a check for the required renewal fees. All renewals must be completed or received by the division by December 1st. The date they are actually received in the division is the date they are deemed filed. You can view the BOO Renewal Tutorial for assistance with branch office renewals.
The home office of an investment adviser should not be listed as a branch office. The branch office filing requirement applies only to offices located in Wisconsin other than the home office.
If branch office renewal payments are received after the due date, the firm will be charged a delinquent filing fee of $100.00 per branch under Wis. Admin. Code s. DFI-Sec 7.01(6)(d).
Phone: (608) 266-2139