Brining on a new Advisor Rep

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Sep 12, 2009 7:23 pm

Hi all:  I am in CA and want to bring on an Investment Advisor Rep in Hawaii.

 
Do I just register my RIA in Hawaii through IARD and register the IAR in both Hawaii and CA?
 
He will be an independent contractor--Any ideas on how to pay on a fee split arrangement? Do I create a 1099?
 
We're trying to put this together, but I am not an expert on payroll.
 
Thanks for your input.
 
 
Sep 14, 2009 12:27 pm

Seek professional help.  If he has clients in HA (which I assume), then you will need to notice file in HA, and he'll need to be registered in HA and CA (if getting clients in CA).