Michigan investment adviser bonds.
From $100.
Michigan registers investment advisers through the Corporations, Securities & Commercial Licensing Bureau at LARA, and R 451.4.14 requires a bond from an adviser with custody of or discretionary authority over client funds or securities, in an amount the administrator sets. The premium is 1.5% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a Michigan investment adviser bond cost?
1.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip — enter your amount, pay, and the executed bond is yours to file with your IARD registration. Here is the whole thing:
Apply online
Firm details, your IARD number, the bond amount LARA set, and an effective date — that is the application. No credit check up to $25,000.
Pay & e-sign
The premium is 1.5% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with LARA
Your executed bond arrives by email, ready to file with the Corporations, Securities & Commercial Licensing Bureau alongside your adviser registration. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Michigan administers adviser registration through LARA’s Corporations, Securities & Commercial Licensing Bureau under the Michigan Uniform Securities Act (2002). MCL 451.2411(5) authorizes a rule or order requiring an investment adviser that has custody of or discretionary authority over client funds or securities to post a bond, and Mich. Admin. Code R 451.4.14 exercises that authority — every such adviser must be bonded in an amount the administrator determines.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of Michigan (the obligee), with your advisory clients as the protected parties. The bond stands behind your compliance with the act — the custody, disclosure, and fiduciary-conduct rules that protect the people whose money you hold or direct.
It is not insurance for you — if the surety pays a claim, you repay the surety. Michigan adviser registrations run on the calendar year and expire December 31, so the bond has to stay continuously on file; 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 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
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 LARA. Your executed bond arrives by email, ready to file with the Corporations, Securities & Commercial Licensing Bureau alongside your adviser registration. Wet-ink original mailed on request.
What sets the price
The premium is 1.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
Submit the application with your IARD number and the bond amount LARA set — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Michigan bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Investment adviser bond, filed today.
1.5% of the bond amount, $100 minimum, with your exact price at the application. Enter your required amount and file the same day.