NASAA Announces Waiver of IARD System Fees

The North American Securities Administrators Association (NASAA) has announced that it will waive the initial set-up and annual system fees paid by investment adviser firms and investment representatives to maintain the Investment Adviser Registration Depository (IARD) system.

In a news release today, NASAA President Denise Voigt Crawford said that the IARD system’s continued success will allow NASAA to maintain the system fee waivers put in place in 2005 for investment adviser firms and also to fully waive for a second year the system fees paid by investment adviser representatives.

According to the release, NASAA’s Board of Directors will continue to monitor the system’s revenues to determine whether future fee adjustments are warranted.