The Utah Investment Adviser Bond is required by the State of Utah in the amount of $10,000. The bond states that the bondholder shall comply with the provisions of the Utah Uniform Securities Act. In addition, they shall report to the Utah Division of Securities the names of all Investment Representatives appointed and employed.
Who needs to have a Utah Investment Adviser Bond?
An Investment Adviser is someone who provides advice on securities, for compensation. Services include:
- Issuing reports or analysis
- Making recommendations to buy or sell securities
- Managing a client’s portfolio
- Preparing financial plans that involve securities recommendations
- Managing an investment fund that allows for the investment in securities
Businesses licensed as an Investor Adviser must obtain the bond. The Investment Adviser bond is one of the licensing requirements.
What are other licensing requirements?
Applicants will apply, file forms, and make payments online through the Investment Adviser Registration Depository (IARD). An online database run by FINRA.
Where can I get a Utah Investment Adviser Bond?
At Surety1 you can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states and our services have earned an A+ rating from the Better Business Bureau.