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Alabama Investment Adviser Bond

How much does an investment adviser bond cost in Alabama?

The Alabama Securities Commission requires broker dealers and investment advisers to post $50,000 surety bonds.

These bonds are subject to underwriting, which means that the cost an applicant pays is based on a review of his or her personal credit report. Some surety underwriting companies might require current business financials and a personal financial statement to underwrite this bond. Having these documents handy will expedite the bonding process and could even help you qualify for a lower bond premium rate. Request your bond quote now!

Bond Type Bond Amount Cost*
$50,000 Investment Adviser Bond $50,000 Starts at $500 GET A QUOTE

Call 1 (800) 308-4358 or fill out our online contact form to begin our fast and easy bonding process.

Why do I need this bond?

By posting an investment adviser or broker dealer bond in Alabama, principals (investment advisers or broker dealers) pledge to perform faithful and honest business in full compliance with the Code of Alabama, 1975, Section 8-6-3. The main purpose of this bond is to offer indemnity to any person who suffers a loss as a result of the principal’s unethical and unlawful business practices. Under this bond, dealers and advisers are required to maintain all records for a minimum of 3 years and to refrain from fraudulent business practices.

If a principal violates any of the terms of the bond agreement and a valid claim is brought against the bond, the surety will cover all damages up to the total bond amount. The principal, in turn, must reimburse the surety for all damages paid out.

Our team of surety bond specialists is dedicated to getting you bonded quickly and for the best price possible. Click here to get started!

What’s the fine print?

Our experts have been instructed to write Alabama investment adviser bonds on the state’s generic surety bond form. We have this form on file so that we can help you get the bond you need quickly and accurately.

How to become an investment adviser / broker-dealer in Alabama

All applicants to become a registered investment adviser or broker dealer in Alabama must file an application with the Securities Commission. A $50,000 surety bond, a statement containing the adviser’s current net capital and the adviser’s balance sheet must accompany the completed application.

Dealers must maintain a net capital of at least $50,000, and advisers must maintain a net capital of at least $10,000.

Registrations will expire annually on December 31 unless renewed prior to the expiration date.

More licensing information can be accessed from the Additional Resources seciton of this page.

Take the first step toward becoming an investment adviser or broker dealer in Alabama by purchasing the surety bond you need! Our experts can provide your free surety bond quote within 1 business day of submitting your application.

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Additional Resources

Alabama Securities Commission

Application Requirements for Investment Advisers

Alabama Securities Commission Statutes: Regulations & Commission Policies

Chapter 830-X-3 Registration of Dealers, Agents, Investment Advisors and Investment Adviser Representatives

Chapter 830-X-1 Organization and General Operation

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