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Investment Advisor: $400. Investment Advisor Representative (IAR): $150. FINRA Annual IAR Processing Fee: $15.
Industrial All Risk Policy (IAR) The Industrial All Risk Policy is a protecting solution that protects your business from financial implications in the case of material damage or breakdown of machinery causing a halt in operations. This is a wider cover than the Standard Fire and Perils policy.
Financial advisor as a general term includes many types of professionals, such as stockbrokers, insurance agents, money managers, estate planners, bankers, and more. An investment advisor is a type of financial advisor who specializes in securities.
Any person who engages in the business of financial planning or who manages $100 million or less in investments is required to register as a state-registered investment adviser with the Illinois Securities Department.
Registration as an investment adviser representative is accomplished through the filing of an initial or amended Uniform Application for Securities Industry Registration (Form U4) on the Central Registration Depository (CRD) system by the employing state-registered or federal-covered investment adviser.
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There are 669 firms in Illinois, and 16871 advisors.
An investment adviser representative (IAR), sometimes referred to as a registered adviser (RA), or associated person is defined in Code Section 25009.5(a) as any partner, officer, director of (or a person occupying a similar status or performing similar functions) or other individual, except clerical or ministerial
Investment Adviser and Investment Adviser Representative Registration. Investment advisers (IA) and investment adviser representatives (IAR) are persons who provide advice to others about investments for a fee and are required by most states to register or become licensed.

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