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Minnesota Investment Adviser Bond

How much does an investment adviser surety bond cost in Minnesota?

The Minnesota Department of Commerce mandates that investment advisers post a surety bond in the amount of $25,000. The cost of this bond is heavily dependent upon underwriting criteria. SuretyBonds.com can typically issue a Minnesota investment adviser surety bond for as little as $250 as long as the applicant has strong financial credentials.

Since the price of this particular bond varies so much, it’s best for you to call in to get a free, personalized bond quote – no strings attached! Simply give us a call at 1 (800) 308-4358 or submit a bond request.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Investment Adviser $25,000 Starts at $250 $750-2,000 $2,000+ 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.

Call 1 (800) 308-4358, or submit a bond request now! We’ll typically provide you with your free, no-obligation investment adviser bond quote within 1 business day of your application submission.

Why do I need this bond?

The Department of Commerce requires investment advisers to provide a $25,000 surety bond unless the applicant has no custody of or discretionary authority over client assets and has $100,000 in net capital. This bond is mandated by the State for the protection of consumers and serves as a guarantee that advisers will not take part in any kind of fraudulent activity, dishonesty or misrepresentation as outlined by the Minnesota Securities Act.

If you’re ready to start getting bonded then fill out our online bond request form or call us today at 1 (800) 308-4358! Our bond experts have all the necessary information to get you bonded quickly and for the best price!

What’s the fine print?

Minnesota investment adviser surety bonds are continuous until canceled, and the surety must give the state written notice at least 30 days prior to cancellation.

The principal’s (adviser’s) signature must be witnessed by a licensed notary.

How to become an investment adviser in Minnesota

To become a licensed investment adviser in Minnesota, you must do the following:

  • submit an audited financial statement
  • purchase and maintain a surety bond of $25,000
  • maintain the minimum net worth
  • pay the $100 registration fee
  • pass the Series 65 or 66 exam
  • pay the $100 annual fee to the Financial Industry Regulatory Authority
  • register with the Secretary of State

If you have any questions about your surety bond, give us a call at 1 (800) 308-4358! Or, fill out our online bond request, and a surety expert will contact you right away to walk you through the fast and easy bonding process.

Ready to get started?

Get a FREE Investment Adviser Bond Quote Today!

Additional Resources

The Minnesota Office of the Revisor of Statutes Chapter 80A. Regulation of Securities

How to Register as an Investment Adviser

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