Surety Bond

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Nov 30, 2009 9:16 pm

Any RIAs out there required to obtain a surety bond? Any suggestions for who to obtain the bond from? Nebraska requires a $25,000 surety bond.

Dec 1, 2009 8:09 pm

here in puerto rico you either get 10,000 for theĀ  bond, or have 25,000 in the bank.....
it sucks, but 25k in surety bond its ridiculous ... good luck

Dec 9, 2009 5:44 pm

Over the course of the next several years MUCH larger bonds will be REQUIRED, count on it!

Jan 27, 2010 9:33 pm

I just got quoted a premium of $750 for a $25,000 surety bond. That's 3% of the bond value. Does anyone have any experience shopping for these? Is this a good price?

Jan 30, 2010 3:36 pm

Were you required to obtain a surety bond because you have discretion over client accounts or is this just a minimum requirement of RIAs in your state regardless of custody or discretion?

Jan 30, 2010 4:23 pm

Discretion or not, custody or not, it is a minimum requirement of the state.

Feb 7, 2010 11:23 am

Based on the lack of responses, I'm guessing not many people are interested in this topic. But in case it helps anybody, I was able to find a second bonding agency that offered the $25,000 bond for a $375 annual premium.

Feb 24, 2010 8:50 pm


did you ever get your bond? I am giving serious thought to moving to SC where I will need to get a bond. Was your cost 375 a month or annually?

Feb 24, 2010 8:51 pm

Why SC?

Feb 24, 2010 9:43 pm


It's one of the choices my wife and I have talked about. SC is the only one of the choices the had the bond requirement. I am trying to look at it from all angles.

Feb 24, 2010 11:56 pm

Yes, I did end up with a $25K surety bond. I got quotes from two companies. The first was $750, the second was $375. Those are both per year. I'm not sure if I can mention the companies on here or not. I'll send you a PM with more info.