Description
An Investment Adviser is someone who, for compensation, advises others either directly or through publications, about the value of securities or other investments, or about the advisability of investing in, purchasing or selling securities or other investments. They may, for compensation and as a part of a regular business, issue or promulgate analyses or reports concerning securities, or other investments. Included are financial planners and others who, as part of other financially related services, provide investment advisory services to others for compensation and as part of a business, or who hold themselves out as providing investment advisory services to others for compensation.
| Statute/Rules |
NH RSA 421-B:7; Administrative Rules Chapter Atg-Se 300 - 500 and 1500 |
| | |
| Regulatory Agency |
BUREAU OF SECURITIES REGULATION
Department of State
State House, Room 204
Concord, New Hampshire 03301 |
| | |
| phone |
(603) 271-1463 |
| fax |
(603) 271-7933 |
| web |
www.sos.nh.gov/securities/ |
| contact person |
Barry Glennon, Deputy Director |
| e-mail |
bglennon@sos.state.nh.us |
| | |
Licensure Requirements
- Filing with the Secretary of State an application together with a consent to service of process. This regulation applies to those investment advisers who are not eligible for registration with the Securities and Exchange Commission.
Examination
- NASD Series 65, or Series 66 and Series 7 examinations
Continuing Education
Fees
| Initial license |
$250.00 |
| License renewal |
$200.00 |
| Initial notice filing |
$250.00 |
| Notice filing renewal |
$200.00 |
| Notice filing amendment |
$100.00 |
All licenses expire annually on December 31
Reciprocity: Not permitted
Residence/Citizenship: Neither New Hampshire residency nor US citizenship is required
Number of Active Licenses: 945 Investment Advisers and 1,222 Investment Adviser Agents
Standard Occupational Code (O*Net): 41-3031.00 Securities, Commodities, and Financial Services Sales Agents
Related Training: Financial Planning and Services; Investments and Securities
Further Information*
Boston Regional Office
Financial Industry Regulatory Authority
99 High Street, Suite 900
Boston MA 02110
phone: (617) 532-3400
web: <www.finra.org>
Boston Regional Office
US Securities and Exchange Commission (SEC)
33 Arch Street, 23rd Floor
Boston MA 02110-1424
phone: (617) 573-8900
web: <www.sec.gov>
last revision: August 2007
*For reference only. This listing does not constitute an endorsement of any organization, and is subject to change.
