Indiana Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in Indiana. Fees are paid to the Indiana Securities Division.
RIA firm registration
$200
at the national median
Per IAR
$50
$10 below the national median
Broker-dealer firm
$250
at the national median
Per BD agent
$25
$25 below the national median
Form D / Blue Sky notice
$350
$100 above the national median
Renewal
$200
Same as initial registration
Year-one cost scenarios in Indiana
Solo state-registered RIA (1 IAR) in Indiana
$200 firm + $50 IAR + $150 IARD system + $45 IAR system
$445
RIA with 3 investment adviser representatives
$200 firm + 3 × $50 IAR + IARD system fees
$635
Broker-dealer with 5 registered agents
$250 firm + 5 × $25 agent (excludes FINRA/CRD fees)
$375
Private fund Form D notice filing (Indiana investors)
State Blue Sky notice fee, due within 15 days of first sale
$350
Filing fees only. Excludes compliance-manual drafting, Form ADV preparation, consulting, legal, E&O, and FINRA membership costs. Verify amounts with the Indiana Securities Division before filing.
Want the all-in Indiana number?
Our registration calculator adds filing fees, Form ADV drafting, policies and procedures, and ongoing consulting into one budget for Indiana and any other jurisdictions you need.
Frequently asked questions
How much does it cost to register as an investment adviser in Indiana?
Indiana charges $200 for investment adviser firm registration and $50 per investment adviser representative. Adding FINRA IARD system fees ($150 firm, $45 per IAR), a solo RIA should budget roughly $445 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the Indiana IAR registration fee?
$50 per investment adviser representative, paid through IARD to the Indiana Securities Division. That is $10 below the national median.
What does a broker-dealer pay to register in Indiana?
$250 for the broker-dealer firm and $25 per registered agent, paid through CRD to the Indiana Securities Division. FINRA membership and CRD fees are separate.
What is the Indiana Form D / Blue Sky notice filing fee?
$350 per offering for a Regulation D 506(b) or 506(c) notice filing when Indiana residents invest. The notice is generally due within 15 days of the first sale in the state.
Does Indiana charge the same fee to renew?
Yes — Indiana charges the same amounts at annual renewal, so a solo RIA should plan on roughly $445 per year in recurring state and IARD fees.