Maryland resident investment advisers are required to registration with the Attorney Generals Office, Division of Securities, pay the required new or renewal licensing fee, and furnish evidence of an active surety bond.
Our agency helps you with the surety bond requirement in a matter of minutes.
The Maryland investment adviser bond is a $10,000 surety bond required in accordance with § 11-410 of the Maryland Securities Act.
The cost for this bond is just 1.5 to 2% annually.
The bond is issued and there is a quick credit inquiry involved.
Once a simple application is completed (which can be done over the phone) and the premium is paid, the bond is issued to you immediately.
A copy of the bond can be sent to you by email at no additional charge, and the original bond with the wet signature will follow within the same or the following business day.
Applicants must either maintain the $10,000 surety bond or have a minimum net capital of $20,000, or minimum tangible assets of $35,000.
The Maryland investment adviser bond is a financial guarantee which ensures your compliance with all rules, codes, and statutes involved in the profession of an investment adviser.
The bond protects consumers against failure to abide by the law --- acts of malfeasance --- which results in some harm; however, the aggregate amount of any claims will not exceed the bond’s amount.
As principal of this bond, you are responsible to indemnify the surety for any claims paid against your bond.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary bonds throughout Maryland and nationwide.
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