Investment Adviser Representative
Continuing Education (IAR CE)

Simplify your IAR CE requirements with Solomon’s on-demand courses – for individuals and firms.

BROWSE LIBRARY FAQs

Solomon is a NASAA-approved IAR CE provider. Our self-paced online courses can be purchased individually, or through a membership to the entire course library so you can complete all of your IAR CE in one place!

Quality Content
  • All courses earn credit towards the Products & Practices or the Ethics & Professional Responsibility categories.
  • Short, engaging modules follow a read-and-quiz format for easy learning.
User-Friendly Platform
  • Admin Portal with employee tracking
  • 24/7 access on desktop and mobile for 365 days of possible study
Helpful Support
  • Course completion reporting done for you
  • Guided course selection so you know you’re taking the right courses
  • Investment Adviser Representative CE Library
    • DETAILS

      To fulfill your annual Investment Adviser Representative CE requirement, you must complete 12 credit hours of continuing education. Each Solomon CE course is worth one credit hour. Choose six courses from the “Products and Practices” category and six courses from the “Ethics and Professional Responsibility” category (three must be ethics courses).

      In each course, you will read short passages followed by short assessments (usually 2 - 4 questions). You must score 100% on each assessment in order to move forward in the course. Solomon CE courses are designed to teach you about products and services relevant to the financial industry (e.g., cryptocurrency) as well as important regulatory topics (e.g., the marketing rule.)


      Products and Practices Courses (choose six)

      o Saving For College

      o Investing in Private Placements

      o Life Insurance and Annuity Products

      o Leveraged and Inverse ETFs and ETNs

      o Real Estate Investment Trusts (REITs)

      o Cryptocurrency

      o Helping Clients Plan for Retirement

      Ethics and Professional Responsibility Courses (choose six)

      o The SEC Marketing Rule for Investment Advisers

      o Preventing Adult Financial Exploitation*

      o Complying with the SEC Pay to Pay Rule*

      o Common Types of Investment Fraud*

      o Cybersecurity: Protecting Your Clients' Data*

      o Business Continuity Planning

      *Satisfies the ethics requirement



    $179.40
    $99.95

    Products and Practices Courses

    Saving for College
    • DETAILS

      This course covers the most common investment vehicles used to save for college and other educational expenses. The characteristics of 529 plans, Coverdell Education Savings Accounts, education savings bonds, custodial accounts and zero coupon bonds are examined. The advantages, disadvantages and limitations of each are discussed in terms of clients’ investment timelines and goals.

    Life Insurance and Annuity Products
    • DETAILS

      This course covers the characteristics of common types of life insurance products. The course compares fixed and variable annuities, and different kinds of life insurance. Advantages, disadvantages, and risks are discussed. Special attention is given to risks of bonus annuities, as well as the regulatory requirements of the SECURE Act. By the end of the course, participants should have a basic understanding of common life insurance and annuity products and be able to judge whether they are suitable for clients. 

    Investing in Private Placements
    • DETAILS

      This course will cover the characteristics of private placements as well as the risks and benefits of adding these investments to a portfolio. The course begins with a discussion of how private placements differ from traditional public offerings and why some issuers find private placements preferable. The course describes the definition of an accredited investor and the main differences between Rule 504, 506(b), and 506(c) offerings. Suitability concerns relevant to private placements are covered, such as illiquidity. The course discusses limited partnerships and private REIT, including their tax implications. The course covers angel investing, characteristics of typical angel investors such as high-risk tolerance, and how angel investors identify potential investments. The course concludes with a description of the steps commonly involved in a private placement transaction and documents such as PPMs and subscription agreements.

    Real Estate Investment Trusts (REITs)
    • DETAILS

      This course covers the characteristics of real estate investment trusts (REITs), including the differences between investing in real estate directly and investing in REITs, and the suitability and tax concerns of each. In addition, the course compares the characteristics and risks of publicly-traded REITs, non-exchange-traded REITs and private REITs. Differences between equity and mortgage REITs are also explained.

    Leveraged and Inverse ETFs and ETNs
    • DETAILS

      This course will compare the characteristics of traditional ETFs with non-traditional ETFs, such as leveraged and inverse ETFs. This will include a discussion of how their suitability considerations differ. The course will also cover the features of exchange-traded notes (ETNs). Additionally, this course will include topics such as volatility, the impact of leverage on risk and return, tax advantages, and regulatory guidance regarding the suitability of leveraged and inverse ETFs and ETNs.

    Cryptocurrency
    • DETAILS

      This course is about digital assets, specifically cryptocurrency. The course explains what cryptocurrency is and how it is created. This includes information about the underlying blockchain technology. Additionally, this course contains information about how cryptocurrency is exchanged and the benefits and drawbacks of cryptocurrency. This includes discussions of the technological benefits, the risks of volatility, the lack of regulation of markets, possible scams, and the environmental costs of cryptocurrency mining. Finally, this course describes some current and upcoming regulations in cryptocurrency, including the classification of digital assets as securities and initial coin offerings.

    Helping Clients Plan for Retirement
    • DETAILS

      This course will address issues involved in helping clients navigate the variety of options available when investing for retirement. Several key distinctions between different types of retirement plans are discussed, such as the differences between employer-sponsored and individual plans; defined benefit and defined contribution plans; qualified and non-qualified plans; and traditional and Roth accounts. ERISA is covered, with an emphasis on ERISA requirements that may be of greatest concern to clients. Sections are set aside to discuss special topics such as retirement plans for small businesses and Social Security. Suitability concerns of particular relevance to retirement planning are covered, as are other issues related to addressing the needs of aging clients, such as advance directives and recognizing scams that target retired clients

    Introduction to Behavioral Finance
    • DETAILS

      This course presents an introduction to many of the core principles of behavioral finance. In this course, participants will learn about some of the assumptions underlying standard finance theory and how behavioral finance undermines some of these assumptions, specifically regarding whether investor and market behavior is rational. The course will cover cognitive and emotional biases and how these biases can sometimes lead to poor investment decisions. To learn about these biases, participants will explore examples of how they can affect their own investment behavior and the behavior of the markets. Finally, the course will cover practical applications of behavioral finance principles, such as how to formulate an ideal employee retirement plan and novel methods of encouraging bank account holders to increase their savings.

    Oil and Gas Limited Partnerships
    • DETAILS

      This course teaches participants about investing in oil and gas limited partnerships. In particular, participants learn about how limited partnerships are structured and how they are taxed. Also, participants are taught about the characteristics of different types of oil and gas limited partnerships based on risk (i.e., exploratory, developmental and income) as well as the different types based on the industrial supply chain (i.e., upstream, midstream, downstream). Additionally, the unique tax benefits enjoyed by oil and gas investors are examined, as well as the major risks, such as high costs, illiquidity, oil and gas price volatility, dry holes, regulatory risk, climate change, and fraud.

    An Introduction to ESG Investing
    • DETAILS

      This course is about the new world of environment, social, and governance (ESG) investing. The course begins with a short history of the ESG movement, including the role that international and domestic governing bodies have played in jumpstarting ESG investing. The different types of ESG ratings are compared and explained. Additionally, the course describes the kinds of ESG securities offered, as well as ways to choose an ESG portfolio which aligns with an investor’s values. Finally, the course lays out the potential risks and benefits of ESG funds and common ESG investment philosophies, such as impact investing and sustainable investing.

    Ethics and Professional Responsibility Courses

    The Marketing Rule for Investment Advisers
    • DETAILS

      In 2021, the section of the Investment Advisers Act of 1940 that deals with advertisements was updated to incorporate changes in technology and the financial markets. The updated section is commonly referred to as the SEC Marketing Rule. In this course, you will learn about the rules and practices investment advisers must follow to comply with the new Marketing Rule. The lesson will cover the Marketing Rule's definition of advertisement, as well as the Rule’s core requirements and prohibitions. Specifically, you will be taught the seven prohibited practices in IA advertising, and be able to recognize examples of each. You will also be taught how to correctly use testimonials, endorsements, performance information, and social media in advertising. Throughout the course, you will learn through reading short passages of text and taking short exams after each passage.

    Business Continuity Planning
    • DETAILS

      This course is about business continuity planning. Additionally, this course investigates the origins of business continuity planning and the historical events that helped shape business continuity planning.  It then uses these events as a lens to better understand the importance of having a business continuity plan (BCP) and the regulation relevant to BCPs. Additionally, this course covers regulatory guidance relevant to creating a business continuity plan (BCP). Finally, the course describes the process of succession planning and why it is important to business continuity planning. 

    Cybersecurity: Protecting Your Clients' Data
    (Ethics)
    • DETAILS

      This course seeks to provide a broad overview of how cybersecurity pertains to registered investment advisers. In doing so, it covers regulation that addresses cybersecurity for both federally covered investment advisers, as well as state registered investment advisers. Additionally, it explains cybersecurity guidance from the NASAA as well as the SEC. In doing so, it provides a general view of how to formulate a cybersecurity framework for an adviser, as well as the role of the individual investment adviser representative in doing so.

    Complying with the Pay-to-Play Rule
    (Ethics)
    • DETAILS

      This course is about the SEC’s Pay-to-Play Rule which puts restrictions on political contributions by Investment Advisers. In this course, participants learn which political contributions are permissible and which are prohibited under the Rule. The course covers the basic obligations and record-keeping responsibilities of investment adviser representatives to stay within compliance. Participants learn the definition of a political contribution, who is covered under the Rule, and the manner and degree to which political contributions are permissible. Participants learn about the consequences of making a prohibited contribution and read about past SEC penalties on firms that did not comply with the Rule. An overview of compliance methods in addition to penalties and enforcement measures are examined to encourage awareness and proactive vigilance among investment adviser representatives.

    Common Types of Investment Fraud
    (Ethics)
    • DETAILS

      This course covers the characteristics, methodologies and red flags of the most common forms of financial fraud an investment advisor representative and their clients may be exposed to while evaluating securities and investment opportunities. A brief history of anti-fraud policies and simple forms of fraud are described to encourage healthy skepticism as well as respect for the protective efforts of the SEC. By highlighting modern internet-based scams and red flags common to many forms of fraud, participants will have the tools necessary to identify and protect themselves and their clients from unscrupulous actors.

    Preventing Adult Financial Exploitation
    (Ethics)
    • DETAILS

      This course will address how to recognize and report the financial exploitation of vulnerable adults, such as seniors and the disabled. The course covers federal and state laws and regulations designed to protect these investors, such as the NASAA Model Act to Protect Vulnerable Adults from Financial Exploitation and the Senior Safe Act. The course discusses common types of fraud targeting vulnerable adults and how to identify them. Red flags identified by NASAA and the SEC are covered, as well as how to report suspected financial exploitation. The course describes reporting obligations under the Model Act, including who is considered a qualified person for purposes of reporting. The course gives an outline of the Model Act's process for delaying disbursement from an account when financial exploitation is suspected.

    DeFi and Digital Assets
    (Ethics)
    • DETAILS

      This course offers a look into the world of digital assets through the lens of fiduciary duty. Examples discussed include cryptocurrency, dApps, DeFi Projects, Non-Fungible Tokens (NFTs), and more. This course provides information on the function of these digital assets and asset tools, as well as an analysis of the benefits and drawbacks to an IAR and their clients. This includes a discussion of whether IARs have the tools to provide a sufficient suitability analysis on these digital assets for their clients. The course culminates in an assessment of the SEC's regulatory framework for these assets, and their identification of pitfalls and challenges that may affect IARs who add digital assets to their clients' portfolios.

Firm-Wide Compliance

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FAQs

  • Why is there a new CE requirement for IARs?

    CE courses are designed to keep a financial professional up to date on industry developments, current regulations, and ethical standards. NASAA received support from state regulators and the securities industry for the creation of a CE program to ensure that IARs, like broker-dealer agents, insurance agents, certified financial planners, and real estate agents, maintain or expand their level of knowledge and competence throughout their careers.

  • Who has to complete IAR CE?

    Every investment adviser representative (IAR) registered in a jurisdiction that adopts the NASAA model rule is subject to the CE requirement. The requirement applies to all registered IARs of both state-registered and federal-covered investment advisers. IARs must meet the CE requirements of any state in which the IAR is registered.

  • When do IARs need to start complying with the CE program?

    Compliance starts in the 2022 calendar year in states that have adopted the model rule with an effective date of January 1, 2022. CE credits must be reported by the end of each calendar year. Newly registered IARs must meet the annual IAR CE requirement by the end of the first full calendar year following the year in which they first become registered.

  • Which states have implemented the IAR CE requirement?

    Maryland, Mississippi, and Vermont adopted the NASAA Model Rule in 2021, and the CE requirement is now in effect in those states. IARs registered in Maryland, Mississippi, or Vermont must complete CE by the end of the year, starting in 2022.