The North Carolina Investment Adviser’s Bond is required by the Secretary of State, Securities Division for all who wish to be an investment adviser in the state. An investment adviser, as stated in the North Carolina Investment Advisers Act, is 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 part of a regular business, issues or promulgates analyses or reports concerning securities. The bond states that the bondholder will follow Chapter 78C of the North Carolina General Statutes and with all rules, regulations, and orders issued pursuant thereto and all amendments thereto now or hereinafter enacted. The amount of the bond is set at $35,000.
Other Registration Requirements
Aside from the surety bond, applicants must also comply with the following requirements:
- File Form ADV electronically through the IARD system.
- Ensure that at least one member of Schedule A complies with 18 NCAC 06A.1709.
- Pay filing fee of $300.00.
- Submit any financial reporting required.
Where can I get a North Carolina Investment Adviser’s Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.