How much does an investment adviser bond cost in Maine?
The Maine Department of Professional and Financial Regulation requires investment advisers to post $10,000 surety bonds to legally work within the state.
These bonds are subject to underwriting, which means the amount you’ll pay for your bond depends on a review of your personal credit report. With good credit clients could pay as low as $100 for their bond! Don’t let less-than-stellar credit stop you from getting the bond you need. Apply for your free bond quote today!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Investment Adviser Bond||$10,000||Starts at $100||$500-800||$1,000+||Apply Now|
Ready to be bonded quickly and easily? Fill out an online bond request form, or call 1 (800) 308-4358 to get started!
Why do I need this bond?
Investment adviser bonds in Maine exist to protect customers from any and all fraudulent activity that may occur at the hand of a principal (investment adviser). By posting this bond, principals agree to abide by all of the provisions of the Maine Revised Statutes. Prohibited acts under this bond include:
- recommending services that won’t be beneficial for the customer
- purchasing security for a client without permission to do so
- loaning money to a client without the license and classification to do so
- misrepresentation in any way
- and more
What’s the fine print?
Our experts have been instructed by the state to issue the Maine investment adviser surety bond on the generic license and permit surety bond form. We have this form on file to expedite the bonding process.
All Maine investment adviser bonds must be notarized.
How to become an investment adviser in Maine
Posting an investment advisr bond in Maine is just the first step toward becoming legally licensed to work in the state. After obtaining a $10,000 surety bond, applicants must be fingerprinted, complete a background and submit all necessary forms to the department.
Complete licensing information can be accessed via the Important Links section of this page. Begin the licensing process by purchasing the surety bond you need! Let our experts do all of the hard work for you.
Ready to get started?