Mississippi Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in Mississippi. Fees are paid to the MS Secretary of State, Securities Division.
RIA firm registration
$200
at the national median
Per IAR
$50
$10 below the national median
Broker-dealer firm
$200
$50 below the national median
Per BD agent
$30
$20 below the national median
Form D / Blue Sky notice
$300
$50 above the national median
Renewal
$200
Same as initial registration
Year-one cost scenarios in Mississippi
Solo state-registered RIA (1 IAR) in Mississippi
$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
$200 firm + 5 × $30 agent (excludes FINRA/CRD fees)
$350
Private fund Form D notice filing (Mississippi investors)
State Blue Sky notice fee, due within 15 days of first sale
$300
Filing fees only. Excludes compliance-manual drafting, Form ADV preparation, consulting, legal, E&O, and FINRA membership costs. Verify amounts with the MS Secretary of State, Securities Division before filing.
Want the all-in Mississippi number?
Our registration calculator adds filing fees, Form ADV drafting, policies and procedures, and ongoing consulting into one budget for Mississippi and any other jurisdictions you need.
Frequently asked questions
How much does it cost to register as an investment adviser in Mississippi?
Mississippi 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 Mississippi IAR registration fee?
$50 per investment adviser representative, paid through IARD to the MS Secretary of State, Securities Division. That is $10 below the national median.
What does a broker-dealer pay to register in Mississippi?
$200 for the broker-dealer firm and $30 per registered agent, paid through CRD to the MS Secretary of State, Securities Division. FINRA membership and CRD fees are separate.
What is the Mississippi Form D / Blue Sky notice filing fee?
$300 per offering for a Regulation D 506(b) or 506(c) notice filing when Mississippi residents invest. The notice is generally due within 15 days of the first sale in the state.
Does Mississippi charge the same fee to renew?
Yes — Mississippi charges the same amounts at annual renewal, so a solo RIA should plan on roughly $445 per year in recurring state and IARD fees.