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
$100
$100 below the national median
Per IAR
$25
$25 below the national median
Broker-dealer firm
$250
at the national median
Per BD agent
$25
$35 below the national median
Form D / Blue Sky notice
$0
$250 below the national median
Renewal
Varies
Reduced/different at renewal
Year-one cost scenarios in Indiana
Solo state-registered RIA (1 IAR) in Indiana
$100 firm + $25 IAR + $150 IARD system + $45 IAR system
$320
RIA with 3 investment adviser representatives
$100 firm + 3 × $25 IAR + IARD system fees
$460
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
$0
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.
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Frequently asked questions
How much does it cost to register as an investment adviser in Indiana?
Indiana charges $100 for investment adviser firm registration and $25 per investment adviser representative. Adding FINRA IARD system fees ($150 firm, $45 per IAR), a solo RIA should budget roughly $320 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the Indiana IAR registration fee?
$25 per investment adviser representative, paid through IARD to the Indiana Securities Division. That is $25 below the national median. Note: IA firm renewal $50; no Form D notice fee
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?
Indiana does not charge a state Form D notice filing fee. Where an EFD filing is still required, the $160 NASAA EFD system fee applies. Confirm the current requirement with the Indiana Securities Division.
Does Indiana charge the same fee to renew?
No — Indiana renewal fees differ from initial registration. IA firm renewal $50; no Form D notice fee Confirm current amounts with the Indiana Securities Division before your renewal window.