Idaho Indemnity Bond for Investment Advisers

An Idaho Indemnity Bond for Investment Advisers is a type of surety bond required by the Idaho Department of Finance for investment advisors operating within its borders. The amount of the surety bond is $25,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount.

How to Get an Idaho Indemnity Bond for Investment Advisers

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Idaho Indemnity Bond for Investment Advisers will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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Who Needs This Surety Bond?

According to Idaho law, an investment advisor is defined as any person who:

• Engages in the business of advising others, either directly or indirectly, with respect to the value of securities or whether such securities should be purchased or sold. This includes providing advice on the selection of suitable investments or investment strategies.
• Furnishes advice or issues analyses or reports or serves in any other capacity that involves giving investment advice. This could include providing investment research, market commentary, or portfolio management services.
• Receives compensation for such services. This compensation can be in the form of fees, commissions, or other forms of remuneration.

Exemptions to the Definition:

• Federal Covered Investment Advisors: Investment advisors registered with the Securities and Exchange Commission (SEC) are exempt from Idaho state registration.
• Banks, Trust Companies, and Savings Institutions: Banks, trust companies, and savings institutions organized or chartered under Idaho law are generally exempt.
• Accountants: Certified public accountants and licensed public accountants providing accounting services are exempt.
• Other Exclusions: Some other persons may be excluded from the definition based on specific rules or orders issued by the Idaho Division of Securities.

It is crucial to understand that even if you don’t meet all the elements of the definition, you may still be considered an investment advisor under certain circumstances. It is always advisable to consult with an attorney or financial advisor to determine your specific situation.

Click here for license application requirements and ;license fee schedule. 

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.