RIA Compliance and Practice Management Blog

The 2016-2017 Annual RIA Firm Registration Renewal Season Has Arrived

Posted by RIA in a Box

Oct 17, 2016 9:15:00 AM

RIA firms are required to file an annual registration renewal filing and Form ADV annual amendmentOn November 14, 2016, the preliminary renewal statement for every registered investment adviser (RIA) firm will be posted on the Investment Adviser Registration Depository (IARD) website. A firm’s failure to pay renewal fees to the proper jurisdiction will result in the termination of the firm’s registration. It's also important to note that renewal statements are not mailed to firms as statements are only available online the IARD website. Even if an RIA firm was first registered in 2016, the investment advisory firm is still required to pay the proper renewal fees this year.

For this year's renewal season, the deadline for receipt of preliminary renewal fees is Friday, December 16, 2016. However, it is strongly recommended that all payments be submitted by Tuesday, December 13, 2016, as it can take a few days for the system to process payments.

Every investment advisory firm’s final renewal statement will be posted on the investment adviser registration depository (IARD) system on Monday, January 2, 2017. The final renewal statement will account for any charges to the firm or individual investment advisers’ registration which occurred after the posting of the RIA firm’s preliminary renewal statement. The deadline to pay the final renewal fees is Friday, January 20, 2017. Once again, all RIA firms are strongly encouraged to submit all renewal payments by Tuesday, January 17, 2017 to ensure proper payment processing time.

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RIA firms registered with the SEC will also need to pay the SEC Annual Updating Amendment Fee before being able to file the required Form ADV amendment. Traditionally, the SEC amendment fee for RIA firms with over $100 million in assets under management (AUM) is $225. For SEC-registered firms with between $25-$100 million in AUM, the fee is $150 and for the SEC-registered firms with less than $25 million in AUM, the fee is $40. As a reminder, these SEC annual amendment fees are charged in addition to the annual notice-filing and individual investment adviser representative registration fees which are charged by the relevant states to firms registered at the federal level.


All RIA firms, whether registered at the SEC or state level, will also need to file the required Form ADV amendment within 90 days of the firm’s fiscal year-end (generally March 31, 2017 with a traditional December 31, 2016 fiscal year end date). 


Topics: RIA Compliance

RIA in a Box LLC is not a law firm, investment advisory firm, or CPA firm. RIA in a Box LLC does not provide legal advice or opinions to any party or client. You should always consult your relevant regulatory authorities or legal counsel if applicable.

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