Series 65: Registration Of Investment Adviser Representatives

Registration of Investment Adviser Representatives

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

When an employment arrangement is agreed upon, the appropriate paperwork must be filed with the state through the federally run IARD, just as it is for the 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. 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