Professional Advisor Registration Requirements

US Registration

Registration requirements for professional advisors with operations in the US generally are as follows:

SEC Securities Registration

An advisor generally must register with the SEC as an RIA (Registered Investment Advisor) if you:

1. Manage > $100 million in assets; or
2. Serve as an investment advisor to a registered investment company; or
3. If your "principal office or place of business" is in a state without an investment advisor statute or that does not conduct examinations of advisors.

The SEC can be contacted directly at (202)-551-6999 or online at www.sec.gov/divisions/investment/iard/register.shtml

NFA Futures Registration

You may be required to register with the NFA, unless you qualify for an exemption.

State Securities Registration

If you manage between $25 million and $100 million, the SEC requires you to register in your state(s). There may be other situations in which the SEC requires you to register in your state(s). In addition, state "blue sky" laws may require you to register in your state(s). For more information regarding state registration requirements, please contact the North American Securities Administrators Association at (202) 737-0900 or online at http://www.nasaa.org. You may also contact the relevant state securities agency and obtain additional information about a particular state's registration requirements by visiting the relevant state website below: