Illinois Secretary of State
Securities Department
421 E. Capitol Ave., 2nd Floor
Springfield, IL 62701
217-782-2256
Instructions for
Registration as an
Investment Adviser
To be Filed on the IARD & CRD Systems
The following forms must be filed electronically on the Investment Adviser Registration Depository (IARD) and the Central Registration
Depository (CRD) systems, along with the $400 filing fee, $150 filing fee for each investment adviser representative to be registered and FINRA
system fees.
1. Form ADV, Part 1A, Part 1B, All Required Schedules and Disclosure Reporting Pages (DRPs).
2. Form U-4 — Uniform Application for Securities Industry Registration or Transfer — Must be filed for each person registering as an
investment adviser representative. (Please refer to Section 2.12b of the Illinois Securities Law of 1953, and Sections 130.839 and 130.843 of
the administrative rules that set forth the definition of an investment adviser representative (IAR) and the procedures for registering IARs
and their related examination and educational program requirements.)
To be Filed with the Illinois Securities Department
1. Copy of Schedule D of Form ADV and copy of Part II of Form ADV — Must list each branch office in Illinois and include $20 fee payable to
Secretary of State for each branch office.
2. Balance Sheet (unaudited) — One copy of a balance sheet prepared not more than 60 days prior to the date of filing the application. The
balance sheet must contain an affirmation that the information is true and correct, together with a statement disclosing whether the
investment adviser retains or during the term of registration will retain custody of any advisory client's cash or securities or accepts
prepayment of fees in excess of $500 per client and six (6) or more months in advance. The statement must be signed by an officer,
general partner or the sole proprietor.
3. Copy of Articles of Incorporation and By-Laws or Partnership Agreement or other documents as evidence of the legal formation of the
applicant, if other than a corporation or partnership, and copy of any amendments.
4. Information required by Section 130.840(a)(4, 6 & 7) of the Administrative Rules for Registration as an Investment Adviser (refer to
enclosed form) — Provide the following information and attestations:
• Designated Principal(s) to be Responsible for the Rendering of Investment Advice in Illinois. Proof of passing the qualifying
examination(s) and/or certification evidencing completion of an educational program as set forth in Section 130.842 of the Rules for
each designated principal who is responsible for rendering investment advice and supervision of each investment adviser
representative in the State of Illinois.
• Affidavit of Prior Investment Adviser Activities in Illinois
• Investment Adviser Representations Under the Illinois Securities Law of 1953
5. Dual Registration of Investment Adviser and Salesperson (refer to enclosed form) — Must be filed when a person is a registered
salesperson of a dealer and is an officer, partner or sole proprietor of an investment adviser and will be the designated principal of the
applicant.
Printed by authority of the State of Illinois. November 2015 — 100 — SEC 320.5
To begin the process of registration as an investment adviser in the state of Illinois, an applicant must file the following forms and fees with
the Financial Industry Regulatory Authority (FINRA) and the Illinois Securities Department.
