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Idaho Investment Adviser or Securities Agent Indemnity Bond

Idaho Investment Adviser or Securities Agent Indemnity Bond

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Who Requires the Investment Adviser or Securities Agent Indemnity Bond and Why Is It Needed?

Tablet. Investment Advisor / Broker-Dealer Bond for those licensed to provide consumers with investment advice and financial planning.

Investment advisers and other financial professionals often must post a surety bond as part of the licensing requirements. In Idaho, the Department of Finance Securities Bureau requires a $25,000 Indemnity Bond for Investment Advisers or a $10,000 Indemnity Bond for Securities Agents.

The surety bonds ensures professional and ethical conduct related to the sensitive financial job functions of providing consumers with investment advice, financial planning, securities analysis, and asset protection strategies. The bond protects customers against financial losses in the event that the advisor violates fiduciary duties or license regulations.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Idaho Investment Adviser or Securities Agent Indemnity Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What is Needed to Obtain My License or Registration?

In Idaho, it is unlawful for a person to transact business as an investment adviser unless the person is registered under Chapter 14 of the Uniform Securities Act as an investment adviser or is exempt from such registration pursuant to state law.

In order to file a registered investment adviser application with the state of Idaho, applicants must first apply with the Financial Industry Regulatory Authority (FINRA) for an online account. The following items will also be required by the state of Idaho;

  • A Privacy Policy Statement that discloses to clients how the investment adviser stores, handles and disseminates client information. This document must be provided to clients at the onset of a contractual relationship.
  • A narrative description of the firm's services, fees, and disciplinary disclosures
  • An Investment Policy Statement that meets the state regulatory guidelines and standards
  • A Policies and Procedures Manual outlining the firm’s internal operating policies including procedures for handling client complaints and training new Investment Adviser Representatives

List of Idaho surety bonds.

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