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Connecticut Application For Investment Adviser Registration IA-REG - Connecticut
| Connecticut Application For Investment Adviser Registration Form. This is a Connecticut form and can be used in General Blue Sky Secretary Of State . |
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CONNECTICUT APPLICATION FOR INVESTMENT ADVISER REGISTRATION (Revised 4/2003) WHO MUST REGISTER : Generally, any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing or selling securities must register as an "inv estment adviser" with the Connecticut Department of Banking if the person has less than $25 million in assets under management. Persons w ho, as a part of a regular business, issue or promulgate analyses or reports concerning securities must also register as inv estment adv isers w ith the state. Investment advisers hav ing $25 million or more in assets under management must register with the federal Securities and Exchange Commission (the "SEC") rather t han the state. State registration is triggered when a Connecticut investment adviser serv ices Connecticut clients or clients located in another jurisdiction. State registration also is required where a non-Connecticut state-regulated investment adviser serv ices clients located in Connecticut. FOR HELP : Write to us at: State of Connecticut Department of Banking Securities and Business Inv estments Division 260 Constitution Plaza Hartford, Connecticut 06103 Telephone us at (860) 240-8230 Vis it our web s ite at www.state.ct.us to download forms or get more information If you are filing through the Investment Adviser Registration Depository , be sure to visit www.sec.gov /iard and www.iard.com for details on electronic filing. IN THIS PACKET YOU WILL FIND: Form ADV Form U-4 Instructions, including information on testing requirements Connecticut Supplement Registrants Certificate or Foreign Compliance Certification (non-Connecticut investment advisers only ) Workers Compensation Questionnaire Branch Office Application Form DBA-1 (for those using a trade or assumed name) Connecticut Uniform Securities Act Regulations under the Connecticut Uniform Securities Act American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 2 INSTRUCTIONS FOR CONNECTICUT INVESTMENT ADVISER REGISTRATION WHAT YOU MUST FILE Form ADV. Note: Effective April 1, 2003, new applicants for investment adviser registration in Connecticut, and Connecticut registrants amending Form ADV, must file an initial or amended Part 1 of Form ADV electronically through the Investment Adv iser Registration Depository (IARD). $250 application fee for investment adviser and $50 for each investment adviser agent being registered. Investment advisers filing Part 1 of Form ADV through the IARD should visit www.iard.com for information on remitting registration fees for the firm and its investment adviser agents. Completed Connecticut Supplement For Connecticut-based investment advisers: Financial statements (including a completed Registrants Certificate) For Non-Connecticut-based investment advisers: Foreign Compliance Certification (if applicable) Investment advisory contract Workers Compensation Coverage Questionnaire with instructions Form DBA-1 (if applicable) (If applicable) Copy of any disclosure document furnished to clients in lieu of Part 2 of Form ADV One copy of any prospectus, pamphlet, circular, form letter, advertisement, other sales literature or advertising communication addressed or intended for distribution to investors, including clients or prospective clients. Includes web site content. Form U-4 (for registration of investment adviser agents) (if applicable) - Filed electronically through the IARD system. (If applicable) Employer consent letters (for multiple registration of investment adviser agents) IMPORTANT NOTE Once you make your filing and we request additional information, be sure to respond promptly. If we do not hear from you within 60 days , your application may be considered abandoned. Make sure you double check your filing before you submit it to speed up processing time. American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 3 Investment Adviser Registration Instructions Page 2 of 6 Under the Connecticut Uniform Securities Act, your investment adviser registration is not effective until the registrants name has been entered on the Register of Investment Advisers. We will notify you in writing of that fact. Unless it is suspended or revoked, your registration will expire on December 31st of each y ear. Effective April 1, 2003, you must file Part 1 of Form ADV through the IARD and your renewal will be processed electronically. Although you do not have to file a new Form ADV to renew your registration, you must amend your Form ADV online if there have been any material changes in the information you previously submitted to us. DETAILS ON CERTAIN REQUIRED ITEMS I. FORM ADV AND APPLICATION FEES File a completed Form ADV (Uniform Application for Investment Adviser Registration) with accompanying schedules through the IARD system and remit a $250 initial application fee through the system. See www.iard.com for information on establishing an IARD account. Also include a $50 fee for each investment adviser agent for whom a registration application on Form U-4 is submitted. Note: Registration fees are not refundable. II. CONNECTICUT SUPPLEMENT . Complete a Connecticut Supplement even if you are filing Part 1 of Form ADV electronically. File the Connecticut S upplement directly with the department. III. FINANCIAL STATEMENTS Investment Advisers With a Connecticut Principal Place of Business Must File a Statement of Financial Condition and a Registrants Certificate Each investment adviser must have tangible assets in excess of liabilities less satisfactory subordination agreements to the ext ent of at least $1,000. File a statement of financial condition as of a date within 60 days of the date on which your investment adviser application is filed. The financial statement must disclose the nature and amount of the investment advisers assets, liabilities and capital. If the applicant is a sole proprietorship, include personal (as well as business) assets and liabilities. By law, filed statements of financial condition are not open to the public. Net Tangible Assets : Although you should direct questions about calculating net tangible assets to your accountant rather than to the Department of Banking, here are some pointers: a) Allowable assets are total assets less intangible assets. Allowable assets less liabilities equal net tangible assets. b) Intangible asset
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