Iowa Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in Iowa. Fees are paid to the Iowa Insurance Division, Securities Bureau.
RIA firm registration
$350
$150 above the national median
Per IAR
$60
at the national median
Broker-dealer firm
$200
$50 below the national median
Per BD agent
$40
$10 below the national median
Form D / Blue Sky notice
$100
$150 below the national median
Renewal
$350
Same as initial registration
Year-one cost scenarios in Iowa
Solo state-registered RIA (1 IAR) in Iowa
$350 firm + $60 IAR + $150 IARD system + $45 IAR system
$605
RIA with 3 investment adviser representatives
$350 firm + 3 × $60 IAR + IARD system fees
$815
Broker-dealer with 5 registered agents
$200 firm + 5 × $40 agent (excludes FINRA/CRD fees)
$400
Private fund Form D notice filing (Iowa investors)
State Blue Sky notice fee, due within 15 days of first sale
$100
Filing fees only. Excludes compliance-manual drafting, Form ADV preparation, consulting, legal, E&O, and FINRA membership costs. Verify amounts with the Iowa Insurance Division, Securities Bureau before filing.
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Frequently asked questions
How much does it cost to register as an investment adviser in Iowa?
Iowa charges $350 for investment adviser firm registration and $60 per investment adviser representative. Adding FINRA IARD system fees ($150 firm, $45 per IAR), a solo RIA should budget roughly $605 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the Iowa IAR registration fee?
$60 per investment adviser representative, paid through IARD to the Iowa Insurance Division, Securities Bureau. That is at the national median.
What does a broker-dealer pay to register in Iowa?
$200 for the broker-dealer firm and $40 per registered agent, paid through CRD to the Iowa Insurance Division, Securities Bureau. FINRA membership and CRD fees are separate.
What is the Iowa Form D / Blue Sky notice filing fee?
$100 per offering for a Regulation D 506(b) or 506(c) notice filing when Iowa residents invest. The notice is generally due within 15 days of the first sale in the state.
Does Iowa charge the same fee to renew?
Yes — Iowa charges the same amounts at annual renewal, so a solo RIA should plan on roughly $605 per year in recurring state and IARD fees.