Helping Firms Register as Investment Advisers
STP has created registration & filing solutions for RIAs. At STP we specialize in guiding firms through the complex process of registering as investment advisers with the Securities and Exchange Commission (SEC), individual state regulators, or helping firms determine if they qualify as Exempt Reporting Advisers (ERAs).
Whether you are a new advisory firm or an established business navigating regulatory requirements, our team of experts is here to streamline the registration process and ensure compliance with the applicable laws.
STP's Registration Offerings
SEC Registration
The SEC oversees investment advisers who manage assets exceeding $110 million. If your firm meets this threshold, it is required to register with the SEC. We offer comprehensive services to help you:
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Prepare Form ADV Part 1 & Part 2: These forms are the foundation of your SEC registration, detailing your business operations, ownership structure, and the services you provide.
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Compliance Guidance: We will ensure your firm complies with SEC regulations, including the Investment Advisers Act of 1940 and related rules.
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Ongoing Compliance Support: Stay on top of annual updates and changes in federal regulations to maintain your registration and avoid penalties.
State Registration
For firms managing assets below $110 million or operating only in specific states, state registration is required. Each state has its own set of requirements, and we are here to help you navigate:
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State-Specific Requirements: We assist with the preparation and filing of state-specific registration forms.
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Form ADV Preparation: Like SEC registration, state registration also requires submission of Form ADV Part 1 and Part 2.
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Navigating State Regulations: We keep track of each state’s unique regulatory environment, ensuring that your firm adheres to local requirements.
Exempt Reporting Advisers (ERA)
Some firms that manage assets below $150 million may qualify for Exempt Reporting Adviser status. ERAs are not required to register with the SEC or state regulators but still need to file certain documents and comply with specific regulations.
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Determining ERA Eligibility: Our experts evaluate whether your firm meets the criteria to be exempt from full registration.
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Filing Form ADV: ERAs must file a limited version of Form ADV, and we can ensure the process is completed accurately.
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Ongoing Compliance: Even if exempt from full registration, ERAs must still adhere to certain rules, such as reporting significant changes or updates to the SEC and state authorities.
Why STP
Expert Guidance
Our team is composed of seasoned professionals with deep knowledge of SEC and state regulations.
Streamlined Process
We make the registration process as simple and efficient as possible, ensuring that you can focus on your core business activities.
Ongoing Support
From initial registration to ongoing compliance, we offer continuous support to keep your firm up-to-date and in good standing.
