Investment Advisers

Statute Authority

Michigan Uniform Securities Act, Article 4

• Michigan Uniform Securities Act

Rule Authority

• Administrative Rules (PDF)

Forms/ Documents

• Form ADV documents, including Form ADV Instructions, Form ADV, Form ADV Part 2, and Form ADV‑W
• Investment Adviser Surety Bond
• Notification of Delay
Administrator Notification of MCL 451.2533 Delay

 

Advisers

• State of Michigan Advisers
  Investment Advisers located in the State of Michigan must register the firm prior to commencing business in Michigan.
• Out of State Advisers
  A person shall not transact business in this state as an investment adviser unless the person is registered as an investment adviser or is exempt from registration.  (MCL 451.2403)
   

Registration Process

Michigan’s Corporations, Securities, and Commercial Licensing Bureau’s Securities & Audit Division mandates the use of FINRA’s Investment Adviser Registration Depository (IARD) for all investment adviser registration applicants.

 
How to Register
Once Registered
How to Renew
 
Resources

These links are provided for informational purposes only and are not intended to serve as legal advice. Requirements for federal covered versus state registered investment advisers may vary and you should consult with an attorney for legal advice regarding requirements relevant to your circumstances.

• MI Guide Investment Adviser Examination Program
• NASAA Resources for Investments Advisers
• SEC Investment Adviser Guidance
• Form ADV Bulletin
• Investment Adviser Held Away Account Access Advisory
• Cyber Hygiene Tips for Investment Firms

 

Contact Us:

Department of Licensing and Regulatory Affairs (LARA)
Corporations, Securities & Commercial Licensing Bureau (CS&CL)
Securities and Audit Division
Address:  PO Box 30018, Lansing, MI 48909
Overnight Mail (FedEx/UPS): 2407 N. Grand River Ave, Lansing, MI 48906
Phone: (517) 335-5237
Fax:  (517) 763-0039
Email: LARA-CSCL-Securities-Audit@michigan.gov