New Mexico Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in New Mexico. Fees are paid to the NM Securities Division.
RIA firm registration
$300
$100 above the national median
Per IAR
$50
at the national median
Broker-dealer firm
$300
$50 above the national median
Per BD agent
$50
$10 below the national median
Form D / Blue Sky notice
$350
$100 above the national median
Renewal
$300
Same as initial registration
Year-one cost scenarios in New Mexico
Solo state-registered RIA (1 IAR) in New Mexico
$300 firm + $50 IAR + $150 IARD system + $45 IAR system
$545
RIA with 3 investment adviser representatives
$300 firm + 3 × $50 IAR + IARD system fees
$735
Broker-dealer with 5 registered agents
$300 firm + 5 × $50 agent (excludes FINRA/CRD fees)
$550
Private fund Form D notice filing (New Mexico 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 NM Securities Division before filing.
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Our registration calculator adds filing fees, Form ADV drafting, policies and procedures, and ongoing consulting into one budget for New Mexico and any other jurisdictions you need.
Frequently asked questions
How much does it cost to register as an investment adviser in New Mexico?
New Mexico charges $300 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 $545 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the New Mexico IAR registration fee?
$50 per investment adviser representative, paid through IARD to the NM Securities Division. That is at the national median.
What does a broker-dealer pay to register in New Mexico?
$300 for the broker-dealer firm and $50 per registered agent, paid through CRD to the NM Securities Division. FINRA membership and CRD fees are separate.
What is the New Mexico Form D / Blue Sky notice filing fee?
$350 per offering for a Regulation D 506(b) or 506(c) notice filing when New Mexico residents invest, plus the $160 NASAA EFD system fee. The notice is generally due within 15 days of the first sale in the state.
Does New Mexico charge the same fee to renew?
Yes — New Mexico charges the same amounts at annual renewal, so a solo RIA should plan on roughly $545 per year in recurring state and IARD fees.