Mississippi Investment Advisor Bond Guide
If you’re applying for an investment advisor license in Mississippi, you likely need a surety bond. Use this guide to learn more about the bonding and license process.
Bond Overview
- Purpose: To ensure advisors act ethically and comply with state regulations
- Who Needs It: Registered investment advisors with custody of client funds in Mississippi
- Regulating Body: The Mississippi Secretary of State, Securities Division
- Required Coverage: $10,000
- Premium Rate: $150 for most applicants, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Mississippi Investment Advisor Bond?
A Mississippi investment advisor bond protects the public by enforcing laws and regulations for registered advisors with discretion over client funds.
The Mississippi Secretary of State, Securities Division requires this bond to protect clients funds from fraud or mismanagement by advisors.
How Much Do Investment Advisor Bonds Cost?
A $10,000 Mississippi investment advisor bond costs $150 for most applicants. Exact rates may vary between 1.5–10% of the bond amount based on personal credit score.
Apply for your free, personalized quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs an Investment Advisor Bond?
The Mississippi Secretary of State requires this bond for most registered investment advisors.
You may be exempt from the bond requirement if you do not have custody over client funds and/or if your net worth meets state requirements.
How Does a Mississippi Investment Advisor Bond Work?
As with all surety bonds, an investment advisor bond creates a legal contract between three parties:
- Principal: You, the advisor filing the bond
- Obligee: The Mississippi Secretary of State, Securities Division requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the Mississippi Securities Act.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
To renew your investment advisor bond, simply pay your renewal invoice when prompted. We’ll begin contacting you by phone and email 90 days before the expiration date.
