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Massachusetts Investment Adviser or Broker-Dealer Bond

How much does a broker-dealer bond cost in Massachusetts?

Massachusetts investment adviser bonds are required by the Secretary of the Commonwealth, Securities Division in the amount of $10,000.

These bonds are subject to underwriting, which means the amount clients will pay for this bond is based directly on a review of their personal credit report. Applicants with strong credit history could pay as low as $100 for their Massachusetts investment adviser/broker-dealer bond!

Our bond experts work one-on-one with our clients to ensure they get bonded quickly and for the lowest available rates. Apply for a free bond quote today!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Investment Adviser/Broker-Dealer Bond $10,000 Starts at $100 $500-800 $1,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Feel free to call us at 1 (800) 308-4358 or fill out our online bond request to begin the bonding process and connect with a surety expert who will provide you with a free bond quote.

Why do I need this bond?

Investment adviser bonds in Massachusetts protect the general public from any illegal activities performed by investment advisers and broker-dealers. These prohibited actions include:

  • acting as an unregistered/unlicensed professional
  • recommending a faulty or unreliable source for their own gain
  • scamming a customer for compensation
  • and more

If an investment adviser or broker-dealer violates his or her bond agreement and consumers experience financial loss, the surety underwriting company that produces the bond will cover all damages up to the full bond amount. The principal (investment adviser or broker-dealer) must then reimburse the surety for all damages paid out.

Submit a bond request to start getting bonded today. We can typically provide you with a free surety bond quote within 1 business day of submitting your application.

What’s the fine print?

There is not a specific bond form for Massachusetts broker-dealer bonds, so a generic surety bond form must be used. When filling out the bond form, be sure to note the type of business correctly.

A power of attorney form must also be completed and submitted.

How to become an investment adviser or broker-dealer in Massachusetts

To become a licensed investment adviser or broker-dealer in Massachusetts, applicants must:

  • post a surety bond
  • pay all necessary fees
  • pass required examinations on general securities principles and state security laws
  • submit to a thorough background check
  • agree to meet certain record-keeping and disclosure requirements
  • and more

If you’re ready to take the first step toward becoming a registered investment adviser by getting bonded, fill out an online bond request or give us a call at 1 (800) 308-4358.

Ready to get started?

Get a FREE Investment Adviser Bond Quote Today!

Secretary of the Commonwealth of Massachusetts Registration Inspections, Compliance and Examinations (RICE) Section

Secretary of the Commonwealth of Massachusetts An Overview of the Securities Division

General Laws of Massachusetts Chapter 110A: Uniform Securities Act

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