IACCP Actual Questions and Correct Answers
Q1
What is the RAUM threshold for Registered Advisers?
Answer: $150 million
Q2
What is the RAUM range of a "Mid Sized adviser"?
Answer: $25-100 million
Q3
What two factors determine whether mid size advisers are required to register?
Answer: Mid size advisers have to register if the state where their principal office is
located does NOT require registration. If they are registered in a state that is NOT
subject to a Exam by the State securities administrator.
Q4
Define small adviser
Answer: Advisers with $25 million or less in assets under management
Q5
IARD Account
Answer: All states that require registration of IAR's (RA's on CRD) which can be done
in a IARD account
Q6
When is the deadline to amend form ADV?
Answer: All firms that are registered with the SEC on Jan 1st 2012 must amend their
ADV by March 30th, 2012
Q1
What is the RAUM threshold for Registered Advisers?
Answer: $150 million
Q2
What is the RAUM range of a "Mid Sized adviser"?
Answer: $25-100 million
Q3
What two factors determine whether mid size advisers are required to register?
Answer: Mid size advisers have to register if the state where their principal office is
located does NOT require registration. If they are registered in a state that is NOT
subject to a Exam by the State securities administrator.
Q4
Define small adviser
Answer: Advisers with $25 million or less in assets under management
Q5
IARD Account
Answer: All states that require registration of IAR's (RA's on CRD) which can be done
in a IARD account
Q6
When is the deadline to amend form ADV?
Answer: All firms that are registered with the SEC on Jan 1st 2012 must amend their
ADV by March 30th, 2012
