Under the current regulations, investment advisors with less than $100 million in assets under management within four months of their firm approval must register with the state regulators. You register your firm in the state where you have your principal place of business. Once a state Registered Investment Advisor‘s assets under management exceed $110 million, they must register with the SEC. [Note: You can voluntarily register with the SEC when assets exceed $100 million]
There are some exemptions that enable advisors with less than $100 million in assets under management to register with the SEC.
To learn more about these exemptions, please contact us at (603) 430-8317.