FEES AND ACCOUNTING

IA Representative (RA) System Processing Fees

Last updated on: 11/7/17

In order for a firm to use IARD, the firm must deposit funds into its Flex-Funding account for licensing and registration fees before filing electronically. 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. In addition to representative and firm system processing fees, your firm may also be assessed jurisdiction-related fees for the firm, branches and representatives.


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: One-time fee charged when a firm electronically files a Form U4 for a new IA representative.
    • January 1, 2017 - December 31, 2017: $45 initial set-up fee reduced to $10.
  • Annual Fee: Charged once a year, during the Annual Renewal Program, for each IA representative. The annual fee covers all electronic filing activity for the following year.
    • November 13, 2017 - December 31, 2017 (Renewal season): $45 annual fee reduced to $10.

In addition to these system fees, firms are charged for applicable individual state registration fees.

Links to additional information:

Please check the following pages for more information about fees, managing your firm’s Flex-Funding and Renewal accounts, as well as NASAA’s system fee reductions and waivers for IA state registrants: