Adding an advisor to an RIA
Hi all! I need to add a IAR(S 65) to my existing California State Registered RIA I am a sole prop (we're small only 15 mil). Do I use the U-4 or just add them to a Schedule D in my ADV? Their 65 isn't carried by anyone now.
Thanks in advance! This is one thing I am not a wiz at!
SEC doesn't require Series 65 - so no U4. I'd check with your state as mine is the same as SEC, so again no 65 and no U4.
Do you have any wesbites that show the requirements (or non requirements) for keeping a U4 updated.
I have heard mixed responses on what and when the u4 needs to be updated and maintained.
Thanks - Cal
My u4 hasn't been touched since 2005. I use National Compliance Services www.ncsonline.com. Their site may have some useful stuff regarding this.
U4 is for registered reps of a B/D. Go to your state's securities regulator website and look for the section on investment advisor registration.