Hawaii Investment Adviser Bond Guide
If you’re registering to become an investment adviser in Hawaii, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure advisers uphold laws and regulations to protect consumers
- Who Needs It: Registered investment advisers in Hawaii
- Regulating Body: The Hawaii Department of Consumer Affairs, Business Registration Division
- Required Coverage: $50,000
- Premium Rate: Typically $500–$2,500 based on credit score
Learn all about the bond requirements and process in this guide.
What Is a Hawaii Investment Adviser Bond?
A Hawaii investment adviser bond ensures that advisors comply with state regulations and provide honest and ethical services.
The Hawaii Department of Consumer Affairs, Business Registration Division requires this bond as part of the licensing process for registered investment advisers (RIAs) in the state.
How Much Do Investment Adviser Bonds Cost in Hawaii?
Hawaii investment adviser bonds cost a small percentage of the bond amount, typically 1–5% based on credit score.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs an Investment Adviser Bond?
The Hawaii Department of Consumer Affairs, Business Registration Division requires a $50,000 bond for RIAs with custody over client funds or discretionary authority over client accounts.
However, if you meet the net worth threshold, you may be exempt from the bond requirement. Out-of-state advisers may also be exempt if they are registered in their home state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Hawaii investment adviser bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the Hawaii Department of Consumer Affairs, Business Registration Division as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Hawaii Investment Adviser Bond Work?
As with all surety bonds, an investment adviser bond creates a legal contract between three parties:
- Principal: You, the investment adviser filing the bond
- Obligee: The Hawaii Department of Consumer Affairs, Business Registration Division requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the Hawaii Uniform Securities Act.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your investment adviser bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
