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Minnesota Investment Adviser Bond

$375.00 / 1-year term

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

Minnesota investment adviser bonds are issued instantly online for $375 when you choose SuretyBonds.com.

Simply click Buy Now to securely buy your bond via our secure bond checkout. It only takes a few minutes for you to be on your way to getting bonded as a Minnesota investment adviser.

Bond Type Bond Amount Cost
$25,000 Investment Adviser Bond $25,000 $375

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.

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 a $100 registration fee
  • pass the Series 65 or 66 exam
  • pay a $100 annual fee to the Financial Industry Regulatory Authority
  • register with the Secretary of State

If you have any questions about becoming a licensed investment adviser in Minnesota or about getting a surety bond, give our experts a call at 1 (800) 308-4358!

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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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