Investment Advisers

Investment Advisers

Statute Authority

Michigan Uniform Securities Act, Article 4

• Michigan Uniform Securities Act

Rule Authority

New Administrative Rules (PDF) (Effective 7.3.19)

• New Administrative Rules

Forms/ Documents

• Form ADV Instructions
• Form ADV 
  Uniform Application for Investment Adviser Registration
• Form ADV Part 2 
  Part 2 of the Uniform Application for Investment Adviser Registration
• Form ADV-W 
  Notice of Withdrawal from Registration as Investment Adviser
• Investment Adviser Surety Bond

Advisers

• State of Michigan Advisers
  Investment Advisers located in the State of Michigan must register the firm prior to commencing business in Michigan.
• Out of State Advisers
  A person shall not transact business in this state as an investment adviser unless the person is registered as an investment adviser or is exempt from registration.  (MCL 451.2403)
   

Registration Process

Michigan’s Corporations, Securities, and Commercial Licensing Bureau’s Securities & Audit Division mandates the use of FINRA’s Investment Adviser Registration Depository (IARD) for all investment adviser registration applicants.