The Entitlement Process

The instructions provided will guide you through the process of setting up an IARD User Account for your firm, which will enable your firm to access and use the IARD system. Questions regarding the Entitlement forms or process should be directed to the Gateway Call Center at (240) 386-4848.

Select one of the four categories that best describes your firm for the specific Entitlement Process information applicable to you:

• Firms requesting initial registration with the SEC
• Firms currently registered with one or more states that wish to use the IARD system
• Firms that wish to use the IARD system to apply for state registration with one or more states

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Firms requesting initial registration with the SEC:

• Beginning January 1, 2001, any Investment Adviser applying for registration with the SEC must file its application through the IARD system.

• The Investment Adviser must first be entitled to access the system.

• Detailed instructions and the forms required to establish an IARD User Account and access to the system are available in the SEC Registrant Entitlement Package.

• Continue with the SEC Registrant Entitlement Packet.

Firms currently registered with one or more states that wish to use the IARD system:

• State-registered Investment Advisers that want to use the IARD system may access this Web Site to obtain the necessary forms and file with FINRA.

• All states have agreed to accept Forms ADV and ADV-W filed electronically through the IARD system but use of the system has not been mandated for state-registered Investment Advisers as it has been for federally registered Investment Advisers. Please check with the individual state offices or NASAA to find out if a state your firm is registered with has mandated the use of IARD and any applicable filing deadlines.

• If your firm wishes, or is required, to use the IARD system, entitlement to the system must first be established.

• Detailed instructions and the forms required to establish an IARD User Account and access to the system are available in the State Registrant Entitlement Package.

• Continue with the State Registrant Entitlement Packet.

Firms that wish to use the IARD system to apply for state registration with one or more states:

• Firms applying for state registrations with one or more states may use the IARD system by accessing this Web Site and filing with FINRA.

• All states have agreed to accept Forms ADV and ADV-W filed electronically through the IARD system but use of the system is not mandated for state-registered Investment Advisers, as it is for federally registered Investment Advisers. Please check with the individual state offices or NASAA to find out if a state your firm is registered with has mandated the use of IARD and any applicable filing deadlines.

• If your firm wishes, or is required by the state(s), to use the IARD system, entitlement to the system must first be established.

• Detailed instructions and the forms required to establish an IARD User Account and access to the system are available in the State Registrant Entitlement Package.

• Continue with the State Registrant Entitlement Packet.

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