1 (800) 308-4358
Mon-Fri 7am-7pm CST
  1. 1. Choose A State
  2. 2. Choose A Bond
  3. 3. Enter Your Contact Info
  4. 4. Receive Your Free Quote

Utah Investment Adviser Bond

How much does an investment adviser bond cost in Utah?

The Division of Securities of the Utah Department of Commerce requires investment advisers to post surety bonds to legally work within the state. The required bond amount varies depending on the authority of the adviser over the funds. Advisers with custody of funds must post a $35,000 bond, and advisers with discretionary authority must post a $10,000 bond. Applicants should verify their required bond amount with the state prior to bonding.

The price you’ll pay for your bond is subject to underwriting and is based on a review of your personal credit report. The best way to find out exactly how much you’ll pay for your bond is to request a free surety bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Investment Adviser Bond Custody of funds $35,000 Starts at $350 $1,400-2,800 $3,500+ Apply Now
Investment Adviser Bond Discretionary authority over funds $10,000 Starts at $100 $400-800 $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.

Call 1 (800) 308-4358 or submit a bond request to begin the bonding process. Our experts can typically provide free, no-obligation bond quotes within 1 business day.

Why do I need this bond?

Utah investment adviser bonds are put in place to ensure that principals (advisers) are authorized by the Utah Uniform Securities Act to appointment representatives to represent and assist them in rendering advice regarding securities. More importantly, the bond guarantees that advisers truly report the names and addresses of all representatives employed to the Utah Division of Securities and that advisers comply with all provisions of the Utah Uniform Securities Act while on the job.

Request a free bond quote now!

What’s the fine print?

Utah investment adviser bonds remain in force and full effect unless previously canceled or until they expire on December 31 of the license year, which must be indicated on the bond form.

The surety can cancel the bond by giving 60 days’ written notice prior to cancellation to the Utah Division of Securities in Salt Lake City, Utah. A copy of the cancellation notice must be sent by registered mail to the adviser.

How to become an investment adviser in Utah

To become licensed as an investment adviser in Utah, applicants must complete the following steps:

  • register the business entity with the Utah Division of Corporations
  • apply, file forms and make payments through the Investment Adviser Registration Depository (IARD)
  • complete Form ADV and specify the following:
    • whether the adviser is registering with the SEC or licensing with the state
    • detailed information about the proposed advisory business and clients as a form brochure
  • appoint a designated official (a partner, officer, director, sole proprietor, etc.) to be licensed as an Investment Adviser Representative of the adviser
  • submit a written notification to the Division that details the following:
    • the designated official for the investment adviser
    • whether the investment adviser will have either custody of or discretionary authority over client funds and securities
    • that the adviser has met the applicable bonding requirement on Form 4-5BIA

The review process could take as long as 30 days once all documentation is submitted. The division will notify the applicant upon approval of the license.

Begin the licensing process by purchasing the surety bond you need. The experts at SuretyBonds.com make the bonding process fast and easy.

Ready to get started?

Get a FREE Investment Adviser Bond Quote Today!

Licensing for Investment Advisers

Utah Department of Administrative Services Division of Administrative Rules R164-4-5. Bonding Requirements for Broker-Dealers, Broker-Dealer Agents, Issuer-Agents, and Investment Advisers.

Utah Uniform Securities Act

Free Shipping
50,000 Satisfied
Customers Nationwide
No Hidden Fees