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    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: 4/24/2025 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 Minnesota Statute §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:

    Register as an Investment Adviser
    Forms and Fees Requirements for Initial Registration

    Register as an Investment Adviser Representative
    Forms and Fee Requirements for Initial Registration


    Fees:

    Register as an Investment Adviser
    Forms and Fees Requirements for Initial Registration

    Register as an Investment Adviser Representative
    Forms and Fee Requirements for Initial Registration


    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

    Minnesota Department of Commerce

       


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