Wyoming Investment Adviser Bond
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What is the cost of a Wyoming investment adviser bond?
Wyoming investment adviser bond costs start at $100 annually. If you require a bond amount more than $10,000, your exact premium will be provided after a quick application review.
What are the steps to apply for a Wyoming investment adviser bond?
You can purchase your Wyoming investment adviser surety bond online 24/7. Provide your name and address for Wyoming Secretary of State filing approval. Once your payment has been processed, you'll receive a digital copy of your bond by email. Your official documentation will be delivered to your preferred mailing address.
How long does it take to get a Wyoming investment adviser bond?
Our industry-leading technology and responsive customer service team allows us to offer Wyoming investment adviser bonds faster than any other surety company. The Compliance Division requires your bond be physically issued and shipped to you, so choose overnight shipping during checkout if you're in a rush. Orders placed by 4 PM CST Monday-Friday are typically shipped same-day.
If you have questions or need general information about the Wyoming investment adviser bond or your application, call us at 1(800)308-4358 to speak with a friendly surety expert. We're here to guide you through the investment adviser bond process, so you can get back to running your business.
What is a Wyoming investment adviser bond?
Wyoming Administrative Rules Chapter 10 Section 10 requires investments advisers required to be registered file a surety bond. The bond ensures the adviser handles client funds and securities according to investment adviser rules and regulations, including the Wyoming Uniform Securities Act. In the event of a valid claim filed by an individual harmed by the adviser's noncompliance, the issuing surety company will pay up to the full bond amount. The bonded investment adviser is required to reimburse the surety company for all damages paid.
Who regulates licensing for investment advisers in Wyoming?
The Wyoming Secretary of State Compliance Division enforces licensing requirements for investment advisers doing business in the state. You can contact the Division for industry information by calling 1(307)777-7370 or emailing [email protected].
This bond is a state requirement for investment advisers. If you work as a financial professional in a different state and need an investment adviser bond, we offer other investment adviser bonds across the United States.
Why do you need a Wyoming investment adviser bond?
You are required to file a surety bond as part of the state's investment adviser or investment adviser representative registration process. By filing this bond, you agree to offer investment and financial planning advice according to related state provisions and regulations. The bond protects clients potentially harmed by the adviser's noncompliance.
What are the risks of operating without a Wyoming investment adviser bond?
It is unlawful to transact business as an investment adviser or investment adviser representative in Wyoming without being registered or exempt from registration. Filing a surety bond is part of this registration process.
How do I update or change my bond form?
If the Compliance Division requires your bond form to be updated for any reason, contact your surety company. If you purchased your bond from SuretyBonds.com, contact us by emailing [email protected] to explain the needed change. The most common changes include updating the adviser's name or address.
How do I renew my Wyoming investment adviser bond?
Your Wyoming investment adviser bond should be renewed whenever its current 1-year-term expires. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be sent to you to keep your bond active.
How do I become a registered investment adviser in Wyoming?
You must complete the steps below to register as an investment adviser with the state of Wyoming.
- Submit sections 1A-1B, 2A, and 2B of Form ADV electronically through IARD.
- Pay the $250 filing fee electronically through IARD.
- Provide all applicable financial statements.
- File a surety bond.
- Submit samples of client contracts and offering documents.
Submit the required documentation by email to [email protected] or by mail to the Compliance Division.
Compliance Division
Attn: Dave Barker
Herschler Building East
122 W 25th St, Suite 100
Cheyenne, WY 82002-0020
What happens if a claim is made against a Wyoming investment advisor bond?
A claim can be filed against your bond if a client suffers financial harm or damage due to your noncompliance when providing investment advice. The issuing surety company will cover damages for valid claims up to the full bond amount, which the bonded individual is required to reimburse.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
