Maryland investment adviser bonds.
$150 flat.
A Maryland-registered investment adviser that has custody of client funds or securities, or collects advisory fees more than six months in advance and over $500 per client, must meet a financial test under COMAR 02.02.05.15: minimum net capital of $20,000, tangible net assets of $35,000, or a $10,000 surety bond. Ours is $150 flat.
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How much does a Maryland investment adviser bond cost?
$150 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
The investment adviser bond is the simplest way to satisfy Maryland's financial requirement. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $150 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Securities Division
Your executed bond arrives by email, ready to file with the Maryland Securities Division at the Office of the Attorney General. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maryland registers investment advisers through the Securities Division of the Office of the Attorney General under the Maryland Securities Act. COMAR 02.02.05.15 applies to a registered adviser that has custody of client funds, assets, or securities, or requires payment of advisory fees more than six months in advance and in excess of $500 per client.
Those advisers must maintain minimum net capital of $20,000 or tangible net assets of $35,000 — or be bonded in the amount of $10,000 by a bonding company qualified to do business in Maryland. The bond is the route most small advisory firms take: no audited balance-sheet maintenance, no next-business-day capital-deficiency reporting, just a bond kept continuously in force.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay on file for as long as you rely on it to meet the requirement; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $10,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Securities Division. Your executed bond arrives by email, ready to file with the Maryland Securities Division at the Office of the Attorney General. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $150 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Maryland bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Meet the financial requirement today.
$150 flat, issued the moment you pay, no credit check. Free until issued.