Investment Adviser Representative Requirements
Applications shall include:
- Uniform Form U-4 filed electronically through FINRA's Central Registration Depository (CRD) system.
- $50 filing fee paid through CRD.
- FBI Identity History Summary Check.
- Applicant Acknowledgement and Authorization for Credit Report form.
- Proof of passing Series 65 exam or Series 7 and 66 exams. To enroll or to obtain study materials, call FINRA at (301) 590-6500. Qualifying professional designations that may be used in place of the exams are: CFP, ChFC, PFS, CFA, and CIMA. Please contact DFI for additional waivers or review 808 KAR 10:260.
- Dual approval is required if the representative is to be an investment adviser representative for two firms. Refer to 808 KAR 10:030, Section 6.
Federally Registered Investment Adviser Representative (with a place of business in Kentucky and more than five Kentucky clients)
Applications shall include:
- Uniform Form U-4 filed electronically through IARD.
- Passage of Series 65 exam or Series 7 and 66 exams or qualifying professional designation. To enroll or obtain study materials, calling FINRA at (301) 590-6500.
- $50 filing fee.
How to Terminate Registration
To terminate an investment adviser representative registration, submit a Form U-5 to DFI through IARD.
For More Information
Contact Anthony Murphy at (502) 782-9062 with questions about investment adviser representative requirements.
Contact Lindsey Stout at (502) 382-7428 with questions about investment adviser compliance issues.
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