Monday, October 31, 2011

Washington State Sets Forth 2012 Renewal Procedure for Investment Advisers

The 2012 renewal process for investment advisers and investment adviser representatives in Washington State involves renewing registrations on the IARD and filing prescribed amendments annually. After November 14, 2011 investment advisers should retrieve their preliminary renewal statement from the IARD; request it from if not received by November 14. Investment advisers are cautioned to pay the $75 IA firm renewal fee and $20 renewal fee for each representative in
as renewal payments not posted on IARD by December 23, 2011 will cause the automatic cancellation of the firm's and representatives' registrations; also, paying in November gives firms ample time to fix errors. However, firms have until before December 12, 2011 if paying by check (or before December 8, 2011 if paying electronically by E-Pay or wire transfer) to pay the total amount due on their preliminary renewal statement. Finally, firms must retrieve and review their final renewal statement from the IARD and pay any outstanding balance between January 3, 2012 and February 3, 2012. Note that February 3, 2012 is the deadline for receipt of final payment and reporting renewal discrepancies.

Firms within 90 days of their fiscal year-end must: (1) electronically file on IARD an annual updating amendment to Part 1 Form ADV; (2) upload onto IARD their annual updating amendment to Part 2 of Form ADV; (3) email their completed Fiscal Year End Report to; and (4) email their Balance Sheet dated as of their most recent fiscal year-end to NOTE: Firms managing a private fund should email a copy of their annual fund audit, if applicable, to within 120 days of their fiscal year-end.