NASAA recently announced, the FINRA Investment Advisor Representative Fees for 2017 will continue to be significantly reduced. The amount that FINRA charges for Investment Advisor Representative fees who are state registered is $45 per individual. Over the past couple of years, the state regulators have been sensitive to the cost of compliance for small registered investment advisor firms and have helped to keep their costs down by substantially reducing the investment advisor representative registration fee that FINRA charges. That FINRA fee has been reduced from $45 to $10 per investment advisor representative. This announcement is timely as registered investment advisor firms are quickly coming up on the time of year when they have to pay the state fees to keep both their firm and investment advisor representatives registered for the upcoming year. Click here for more information from NASAA!
