IA Representative (RA) System Processing Fees

Last updated on: 10/23/08

In order for a firm to use the IARD system, a firm must set up an IARD User Account with FINRA and deposit funds into its IARD financial (daily) account before filing electronically. In addition to system fees, your firm may also be assessed state registration and/or notice filing fees for the firm and/or representatives. Your firm should have enough funds on deposit to cover any applicable fees so that the form filing(s) can pass the automated system completeness checks and be submitted. Please check the firm fee schedule and representative fee schedule for applicable fee information. Also visit the IARD Accounting page for more detailed information on managing your firm's daily and renewal accounts.

IA Representative (RA) System Processing Fees:

The following are system fees assessed for the electronic filing of IA representatives on the IARD system. In addition to these system fees, firms are charged for applicable individual state registration fees.

  • Initial Set-up Fee: $45 (Reduced to $30 from 01/01/2008 - 12/31/2008)

    • This one-time fee is charged when your firm transitions an existing IA representative onto the IARD system to create an electronic record of his/her registration.

    • For a new registrant, this one-time fee is charged when your firm electronically files a U-4 for the new IA representative.

    • January 1, 2008 - December 31, 2008: During this period, the initial set-up fee has been reduced from $45 to $30.

    • January 1, 2009 - December 31, 2009: During this period, the initial set-up fee will be waived.

  • Annual Fee: $45 (Waived for 2009 Renewals)

    • This fee is charged once a year during the Annual Renewal Program for each IA representative and covers all electronic filing activity for the following year.

    • 2009 Renewal season from November 10, 2008 - December 31, 2008: NASAA is waiving the $45 annual system processing fee for IA representatives. NASAA is also waiving the annual $100 system processing fee for IA firms.

Links to additional information:

For more information regarding the IA system fee reductions and waivers for state registrants please read the press release on the NASAA Web site.

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