Oregon Investment Adviser Bond

An Oregon Investment Adviser Bond is a type of surety bond required by the Oregon Division of Finance and Corporate Securities (ODFCS) for individuals or firms operating as investment advisers in the state. It serves as a financial guarantee to clients that the investment adviser will comply with their fiduciary duties and act in their best interests. The amount of the surety bond is $10,000 for individuals, $15,000 for firms and the cost of the bond is usually 1% or 2% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get an Oregon Investment Adviser Bond

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 Oregon Investment Adviser Bond 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 Bond?

• Individual investment advisers: Any individual offering investment advice or recommendations for compensation in Oregon must be licensed and obtain a bond.
• Investment adviser firms: Firms managing more than $100 million in assets and domiciled in Oregon also require a bond.

How to Get an Oregon Investment Adviser License

Obtaining an Oregon Investment Adviser license involves several steps and requirements. Here’s a breakdown of the process:

1. Determine your licensing category:

• • Individual Investment Adviser: You need this license if you offer investment advice or recommendations for compensation in Oregon.
  • Investment Adviser Firm: This license is required for firms managing more than $100 million in assets and domiciled in Oregon.

2. Meet the eligibility requirements:

• • Education: Possess a Series 63 or 65 securities license (exceptions exist for certain professionals).
  • Experience: Have at least two years of relevant experience in the investment advisory industry (may be waived for certain qualifications).
  • Clean background: Pass a background check and have no disciplinary history related to financial services.

3. Register with the Financial Industry Regulatory Authority (FINRA):

• • This is required for individuals seeking either license.
  • Complete the appropriate registration form and pay the associated fees.

4. Pass the Series 65 exam:
   • This comprehensive exam tests your knowledge of investment advisory topics and regulations.
   • Various study materials and preparation courses are available.

5. File an Investment Adviser Application with the Oregon Division of Finance and Corporate Securities (ODFCS):

• Include the following documents:
  • Completed ODFCS Investment Adviser Application form.
  • Proof of registration with FINRA.
  • Proof of passing the Series 65 exam.
  • Financial statements and business plan (for firms).
  • Oregon Investment Adviser Bond ($10,000 for individuals, $15,000 for firms).

Pay the application fee.

6. Complete fingerprinting and background check:

The ODFCS will initiate this process after receiving your application.

7. Await processing and licensing decision:

• • The ODFCS will review your application and may request additional information or documentation.
  • Once all requirements are met, the ODFCS will issue your Oregon Investment Adviser license.

Additional Resources:

• Oregon Division of Finance and Corporate Securities: https://dfr.oregon.gov/
• Financial Industry Regulatory Authority (FINRA): https://www.finra.org/
• Series 65 Exam Study Materials: https://www.nasaa.org/exams/general-exam-information/series-65-exam-content-outline/

Tips:

• Start the process early as it can take several months to obtain the license.
• Seek guidance from a qualified financial professional or attorney familiar with Oregon investment adviser regulations.
• Ensure you have all necessary documentation and fees prepared before submitting your application.

Remember, this information is for general guidance only and may not be exhaustive. Always consult with the ODFCS for the most up-to-date requirements and procedures.