Find a license in the A-Z Index

1. Refine the topic list by letter

2. Select a topic to view their list of licenses

Title: Investment Advisers and their Representatives
Alternate Title:
Description: Persons who meet the statutory definition(s) of Investment Adviser and/or Investment Adviser Representative found in Minn. Stat. § 80A.41 (16) & (17) generally must register with the Minnesota Department of Commerce.
Subject: Creation Date: 9/11/2008 2:13:06 PM
Modification Date: 5/7/2026 11:45:01 AM

Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description: The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Agency Phone: 651-539-1500
Agency Fax: Agency URL: https://mn.gov/commerce/

Agency Address:
85 7th Place East, Suite 500

St. Paul
MN
55101

Unit Name: Securities Unit
Unit URL:
Unit Description:
Unit Phone: 651-539-1638
Unit Fax: Contact person(s): Securities.IA-BD.Registration.Commerce@state.mn.us
Unit URL:

Audience: Application URL:
Renewal URL:
Versa URL:
Requirements:

Review:

Investment Adviser (firm) and their Representatives

Persons who meet the statutory definition(s) of Investment Adviser and/or Investment Adviser Representative found in Minn. Stat. § 80A.41 (16) & (17)
generally must register with the Minnesota Department of Commerce.

Registration requirements, as well as exemptions from registration, are defined in Minn. Stat. § 80A.58 and .61 and applicable rules in Minn. Rules 2876.

How to Register as an Investment Adviser

A person wishing to register an Investment Adviser in Minnesota must complete and file Form ADV Parts 1 and 2 on the Investment Adviser Registration Depository (IARD) electronic system. These forms should be completed according to the official Form ADV instructions, available at IARD

Order: Supervisory Experience-Investment Adviser (.pdf)

Memo to Investment Adviser Firms (.pdf)

Additional information requested Pursuant to Minn. Stat. § 80A.61(a)(2)

Net Worth Requirements

Register with the MN Secretary of State Office

Renewal

Resources for Investment Advisers

How to Register as an Investment Adviser Representative
A person wishing to register as an Investment Adviser Representative in Minnesota must complete and file Form U4 on the Central Registration Depository (CRD) electronic system. This form should be completed according to the official Form U4 instructions, available on the CRD website.

Renewal

Required Examinations

Investment Adviser Representative Continuing Education

Rules: 2876

Statutes: 80A.58
80A.61

Forms:

Fees:

Investment Adviser - $65
Investment Adviser Representative - $50

Period of Issuance:

Annual

Length of Determination:
Other Info:
Activity: Financial Counselors/Planners
License Detail URL:

Investment Advisers and their Representatives

License Lookup Directory

Broker Check by FINRA

Investment Adviser Public Disclosure

Securities