The Idaho Indemnity Bond for Investment Advisers is required by the State of Idaho, Department of Finance. The bond can be no less than $25,000. Surety1 can write the Idaho Indemnity Bond for Investment Advisers for $250 for the year.
The Idaho Securities Act defines an investment adviser as any person who, for compensation, engages in the business of advising others either directly or through publications or writings as to the value of securities or as to the advisability of investing in, purchasing or selling securities. Or who for compensation and as a part of a regular business, issues o
r promulgates analyses or reports concerning securities. All who wish to be in this profession will need to be registered to the Department of Finance.
All applicants must file Form ADV IA, IB and Part 2 to the Investment Adviser Registration Depository. This, along with a $150 licensing fee.
The other requirements that will need to be filed with the department are the following:
Due to our partnership with over a dozen A-rated companies, Surety1 can offer the Idaho Indemnity Bond for Investment Advisers for the low premium of $250 for the year. All you need to do is to complete our online application. From there, wait for the call from one of our licensed agents. After paying the bond premium and signing the agreement, you have the option of receiving your surety bond via USPS Priority Mail or overnight delivery if you need to get it quickly.
Surety1 has been in the business since 2003. We offer a fast and friendly surety service for clients from all 50 states. We are one of the best in the business as evidenced by our A+ rating from the Better Business Bureau.