Adding an advisor to an RIA
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Jul 29, 2009 4:20 am
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.
Jason-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.