Broker-dealer/Investment Advisor Registration & Fees



The Montana Securities Department uses FINRA’s Central Registration Depository to register FINRA member firms. All of the paperwork and fees are submitted to the FINRA Central Registration Depository. If your firm is not a FINRA member firm, you can send the required materials directly to our office. Fees for registration are outlined in MCA, 30-10-209.

FINRA firms, send applications and fees to:
CRD Registration Office
9513 Key West Avenue
Rockville, MD 20850

Non-FINRA firms, send applications and fees to:
Montana State Auditor’s Office
Securities Department
840 Helena Avenue
Helena, MT 59601

NOTICE TO FINRA BROKER-DEALER FIRMS
Montana does not require audited financials. We are a paperless state. 30-10-201(11), MCA.
2017 RENEWAL REQUIREMENTS FOR ISSUER-APPOINTED SALESPERSONS
Please submit a $50 registration fee AND a copy of page 1 of the most recent U-4 form. PLEASE NOTE: Salespersons selling for issuers with portfolios must be registered with each portfolio. If the salesperson is registered with more than one portfolio, you need only provide one copy of page 1 of the most recent U-4 form for the trust name and attach a list of portfolios. Please be sure the fund name is correct on the U-4 form.

Payment must be made directly to the State of Montana Securities Department and received prior to December 31, 2016.

Should you have any questions regarding the renewal procedure, please feel free to contact the Montana Securities Registration Department at (406) 444-2040.

INCOMPLETE FILINGS WILL DELAY RENEWALS. The deadline for renewals is December 31, 2016.


Broker-dealer Firm Requirements
  • Uniform Form BD, in its most recently revised form, with original signature and notary
  • $200.00 fee.
    • For FINRA firms, make payable to the CRD
    • Non-FINRA firms make payable to Montana State Auditor
Broker-dealer Representative or Salesperson Requirements
  • Uniform Form U-4, in its most recently revised form, with original signature
  • $50.00 fee
    • For FINRA firms, make payable to the CRD
    • Non-FINRA firms make payable to Montana State Auditor
  • Proof of passing the Series 63 or 66 exam
Investment Adviser Firms
  • IA Firm Registration includes information regarding the filing types for firms, a link to the current version of the ADV forms and user support tools available to guide you through a filing.
  • ADV 2 Guidance: IARD system instructions on filing Part 2 of your firm’s Form ADV
  • $200.00 fee
Investment Adviser Representatives
  • IA Representative Registration includes information regarding filing types for IA representatives, a link to the current version of the Uniform U-4 and U-5 and user support tools available to guide you through a filing.
  • $50.00 fee
Professional Designations and IA Representative (RA) Waiver

Montana’s administrative rule, ARM 6.10.501, requires an investment adviser representative applicant pass the FINRA uniform exam, namely, the Series 65, 66 or 24 “or an exam designated by the commissioner.” In lieu of passing the Series 65, 66 or 24, the State of Montana allows waivers for some applicants holding professional designations. Please call 800-332-6148 to determine if you are eligible for a waiver.


Need more help?
Check out the Compliance Page
Call the Commissioner’s hotline at 800-332-6148