Renewals

UPDATED FOR CHANGES EFFECTIVE JANUARY 1, 2009

Renewal applications for investment advisers and investment adviser representatives are handled through the IARD. Preliminary Renewal Rosters containing the fees for all jurisdictions in which the firm is currently registered are made available through the IARD in November of each year. The IARD sets a deadline date in December when firms must have their renewal payments completed. Firms that fail meet the deadline to deposit sufficient funds with the IARD will be listed as Failed to Renew and will be terminated at year end. IARD will send out complete payment instructions with the renewal roster.

The fees for renewal are:

• $200 for the firm
• $80 for each registered investment adviser representative
• $80 for each branch office located in Wisconsin.

Branch office renewals for state registered investment advisers are included on the Preliminary Renewal Roster. Federal covered advisers will receive notices sent out by the Division in the middle of October and are due back to the Division by December 1st, or the closest working day prior to that date. The date they are actually received in the Division is the date they are deemed filed. The date of the postmark will not be accepted.

The home office of the firm should not be listed as a branch office. The branch office filing requirement applies only to offices located in Wisconsin other than the home office.

If the renewals are received after the due date, the firm will be charged a delinquent filing fee of $100.00 (§ DFI-Sec 7.01(6)(d), Wis. Adm. Code).

No annual reports or other financial information are required to be filed with the renewal. See Custody section for financial filing requirements for advisers with custody.