Washington Investment Adviser Bond Overview
- Purpose: To protect clients from financial harm if an investment advisor breaks regulations
- Who Needs It: Investment advisers who don’t meet the net worth requirements in WA
- Regulating Body: The Washington State Department of Financial Institutions, Securities Division
- Bond Amount: $10,000–$35,000
- Minimum Price: $100 or 1%, credit-based
What Is a Washington Investment Adviser Bond?
A Washington investment adviser bond protects consumers by ensuring advisers uphold all regulations and act honestly.
The Washington Securities Division requires this bond as part of the licensing process for certain investment advisers in the state.
What Are the Bond Coverage Requirements?
In Washington state, investment advisers who don’t meet the minimum net worth requirements need a surety bond to cover the net worth deficiency rounded up to the nearest $5,000.
How Much Do Investment Adviser Bonds Cost?
Washington investment adviser bond premiums start at 1% of the total coverage amount. For example, a $10,000 bond starts at $100.
Exact rates may be 1–10% based on your personal credit score and other financial risk factors. Apply for your free quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Washington Investment Adviser Bond Work?
A Washington investment advisor bond is a legal contract between three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The investment adviser filing the bond |
| 2) Obligee | The Washington State Department of Financial Institutions, Securities Division |
| 3) Surety | The issuing surety provider |
If a valid claim is made on the bond, the surety will cover damages up to the full bond amount. In turn, you must compensate the surety for any damages paid out.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Washington investment adviser surety bond. Follow these simple steps:
- Apply Online: Enter your information to receive a personalized quote
- Pay Invoice: Complete your purchase online or over the phone
- Receive Bond: Receive your official bond form via email
Upon receipt, file the official bond with your license application or renewal as instructed.
Tip: When filling out the bond form, be sure to use your full legal name as it appears on your license.
How Fast Can I Get My Bond?
SuretyBonds.com issues investment advisor bonds faster than any other provider. We process most applications same-day and deliver these bonds via email shortly after purchase.
Can I Get Bonded With Bad Credit?
Yes, you may still be able to get bonded with bad credit. However, poor credit will typically increase your premium rate.
Apply for a free quote or visit our Surety Bond Cost FAQ page to see how credit may impact your cost.
How Do I Renew My Bond?
You’ll need to renew your bond every 1–3 years based on the term length you select. We’ll take care of the reminders. All you need to do is pay the invoice to extend your current bond for another term.
How to Become a Registered Investment Adviser in Washington
Most investment advisers and representatives working in Washington state must be registered with the DFI’s Securities Division.
You’ll file some documents online through IARD and some by mail with the DFI. View the resources below for more details and email [email protected] if you have questions.
