Arizona Investment Adviser Bond Overview
- Purpose: To ensure investment advisers conduct business according to state and industry laws
- Who Needs It: Optional for registered investment advisers and broker-dealers in Arizona
- Regulating Body: The Arizona Corporation Commission — Securities Divisions
- Bond Amount: $10,000 or $35,000
- Minimum Price: $150 or $525; 1.5% of the bond amount
What Is an Arizona Investment Adviser Bond?
Arizona investment adviser bonds protect consumers from potential financial harm as a result of malpractice, fraud or theft by an investment adviser.
This surety bond is not required for licensure, however, being bonded builds trust with clients by ensuring the investment adviser will follow state legislation.
Bond Coverage Options for Arizona Investment Advisers
Your bond coverage choice should depend on what services you provide as a licensed investment adviser:
- $10,000 coverage: Advisers with discretionary authority over client accounts only
- $35,000 coverage: Advisers who maintain physical custody of client funds or securities
How Much Do Investment Adviser Bonds Cost in Arizona?
The cost of an Arizona investment adviser bond depends on the coverage amount and your credit score. Both bond amounts require underwriting review, but most applicants pay the minimum premium of 1.5%. For example, the $10,000 bond starts at $150 and the $35,000 bond starts at $525. Apply for a quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Arizona Investment Adviser Bond Work?
When you get bonded, you enter a legal agreement with two other parties.
| Bond Parties | Description |
|---|---|
| 1. Principal | You, the licensed investment adviser |
| 2. Obligee | The Arizona Corporation Commission — Securities Division |
| 3. Surety | The issuing surety provider |
If you break contract terms, the surety will pay out valid claims and you are expected to reimburse the surety later on.
How Do I Get an Investment Adviser Bond in Arizona?
We issue Arizona investment adviser bonds within one business day. Get yours by following these four steps:
- Select the proper bond amount
- Apply for a free quote
- Pay the premium
- File the bond with the AZ Securities Division
How Do I File My Bond?
You’ll receive your bond form via email minutes after checkout. However, Arizona requires physical filing. File your bond by mailing it to the following address:
Securities Division
Arizona Corporation Commission
1300 W. Washington St.
Phoenix, AZ 85007
If you have any questions contact [email protected] or call the Securities Division at (602)542-4242.
Can I Get Bonded With Bad Credit?
We approve 99% of applicants, by working with licensed surety companies. However, if you’re worried about qualifying, read about our Bad Credit Options.
How Do I Renew My Bond?
Arizona investment adviser bonds expire annually. You’ll receive periodic renewal reminders starting 90 days before your bond expires.
Just follow the instructions from the email and text reminders and pay the invoice. Have questions? Call 1(800)308-4358.
How Do I Update My Bond Information?
If you need to update basic information like name and address, we can make changes with a bond rider. Larger updates may require a new bond form to be issued.
Email [email protected] or call 1(800)308-4358 to update your bond.
How to Get an Investment Adviser License in Arizona
The Arizona Corporation Commission — Securities Division enforces licensing requirements for investment advisers. However, licensing is done through the Investment Adviser Registration Depository (IARD).
Provide the following materials to get your Arizona investment adviser license:
- Completed Form ADV
- Completed Affidavit of Adviser Activity in Arizona
- $250 FINRA IARD fee
- Audited balance sheet; if required
- Confirmation of written advisory agreement
Sole proprietors must provide additional documentation:
- Fingerprint card*
- Proof of a passed written examination
- Evidence of lawful presence
*Note: A fingerprint card is only necessary if you do not already have fingerprints on file with the Securities Division, CRD or IARD. There is a $22 processing fee.
Investment adviser representatives have different licensing requirements. Refer to the Securities Division for more details on all license and filing requirements.
