New Mexico Investment Advisor Bond Guide
If you’re registering to become an investment advisor in New Mexico, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure advisors uphold laws and regulations to protect consumers
- Who Needs It: Registered investment advisors in New Mexico
- Regulating Body: The New Mexico Securities Division
- Required Coverage: $10,000
- Premium Rate: $100–$1,000 based on credit score
Learn all about the bond requirements and process in this guide.
What Is a New Mexico Investment Advisor Bond?
A New Mexico investment advisor bond ensures advisors uphold industry laws and regulations to protect consumers.
The New Mexico Securities Division requires this bond as part of the licensing process for registered investment advisors (RIAs) in the state.
How Much Do Investment Advisor Bonds Cost in New Mexico?
New Mexico investment advisor bonds cost a small percentage of the bond amount, typically 1–10% based on credit score.
For example, qualified applicants can pay as low as $100 for the $10,000 bond. Apply for your free, personalized quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs an Investment Advisor Bond?
The New Mexico Securities Division requires a $10,000 surety bond for all RIAs with discretionary authority over client funds or securities.
If you meet the net worth requirements, you may qualify for a bond exemption.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a New Mexico investment advisor 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 New Mexico Securities Division as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a New Mexico Investment Advisor Bond Work?
As with all surety bonds, an investment advisor bond creates a legal contract between three parties:
- Principal: You, the investment advisor filing the bond
- Obligee: The New Mexico Securities Division requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the New Mexico 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 advisor bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
