Series 63: Investment Adviser Representative Registration

Investment Adviser Representative Registration

First and foremost, to register as an investment adviser representative, someone would naturally have to have found an actual investment adviser who wants to hire him or her. Being an IAR, by definition, requires someone to be affiliated in some way with an actual registered investment adviser.

When an employment arrangement is agreed upon, the appropriate paperwork must be filed with the state through the federally run Investment Adviser Registration Depository system, or IARD, just as it is for the actual investment adviser. The primary difference is that the paperwork, while often completed by the investment adviser representative, is submitted by the investment adviser who will be employing him or her. This helps prevent investment advisers from suddenly finding themselves with a bunch of IARs that they didn’t actually hire.

On behalf of the IAR, the investment adviser must submit a Form U4, which is a generic application for registration. The Form U4 requires information about an applicant which includes ten years of employment histor