MI investment adviser bonds.
From $100. Enter your amount.

Michigan registers investment advisers through the Corporations, Securities & Commercial Licensing Bureau at LARA under the Michigan Uniform Securities Act (2002). MCL 451.2411(5) lets the administrator require a bond from an adviser that has custody of or discretionary authority over client funds or securities, and Mich. Admin. Code R 451.4.14 makes it mandatory — in an amount the administrator sets. The premium is 1.5% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.

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Required of a Michigan-registered adviser with custody or discretion under R 451.4.14

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The administrator sets your amount — by client count and assets under management

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1.5% of the bond amount, $100 minimum — exact price at the application

1.5% rate$100 minimumExactprice at the applicationSoft pullnever a hard inquiry

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How it works

Apply to filed in 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:

NOW · ONLINE

Apply online

Firm details, your IARD number, the bond amount LARA set, and an effective date — that is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

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.

SAME DAY

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.

About this bond

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.

Mich. Admin. Code R 451.4.14Rule 4.14(2)(a) requires every investment adviser registered or required to be registered under the act, having custody of or discretionary authority over client funds or securities, to be bonded in an amount determined by the administrator based on the number of clients and total assets under management. Rule 4.14(2)(b) adds that an adviser who does not meet the minimum net worth standard in R 451.4.17 must be bonded in the amount of the net worth deficiency, rounded up to the nearest $5,000.00. Rule 4.14(3) exempts an adviser whose principal place of business is outside Michigan if it is registered there and in compliance with that state’s bonding requirements. The authority is MCL 451.2411(5).

You need this bond if you're

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Registering as a Michigan investment adviser — with custody of or discretionary authority over client assets

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Below the net worth minimum in R 451.4.17 — the bond covers the deficiency, rounded up to the nearest $5,000

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Renewing your adviser registration — Michigan registrations expire December 31 and the bond must stay on file

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Taking on discretionary accounts for the first time and adding the bond LARA now requires

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 →

FAQ

Common questions.

How much is the Michigan investment adviser bond?The premium is 1.5% of the bond amount, $100 minimum. R 451.4.14 leaves the bond amount to the administrator — sized to your client count and assets under management — so you enter your required figure and your exact price appears at the application, before you pay.

Which bond amount do I enter?The figure LARA set for your firm. If the requirement came from a net worth deficiency under R 451.4.17, it is the deficiency rounded up to the nearest $5,000. If your registration paperwork states an amount, use that number.

Do I need this bond if I only have discretion, not custody?Yes — R 451.4.14 covers an adviser with custody of <em>or</em> discretionary authority over client funds or securities. R 451.4.17 sets a lower minimum net worth for discretion-only advisers, which can change the bond amount, but it does not remove the bonding rule.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 1.5% of the bond amount either way.

Who requires the bond, and where do I file it?LARA’s Corporations, Securities & Commercial Licensing Bureau, which administers the Michigan Uniform Securities Act (2002). The executed bond is filed with your Michigan adviser registration; your IARD number identifies the firm on the bond.

Related bonds

Other Michigan bonds.

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.

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