New York Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in New York. Fees are paid to the NY Dept. of State / AG Investor Protection Bureau.
RIA firm registration
$200
at the national median
Per IAR
$200
$150 above the national median
Broker-dealer firm
$300
$50 above the national median
Per BD agent
$70
$10 above 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 New York
Solo state-registered RIA (1 IAR) in New York
$200 firm + $200 IAR + $150 IARD system + $45 IAR system
$595
RIA with 3 investment adviser representatives
$200 firm + 3 × $200 IAR + IARD system fees
$1,085
Broker-dealer with 5 registered agents
$300 firm + 5 × $70 agent (excludes FINRA/CRD fees)
$650
Private fund Form D notice filing (New York 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 NY Dept. of State / AG Investor Protection Bureau 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 York and any other jurisdictions you need.
Frequently asked questions
How much does it cost to register as an investment adviser in New York?
New York charges $200 for investment adviser firm registration and $200 per investment adviser representative. Adding FINRA IARD system fees ($150 firm, $45 per IAR), a solo RIA should budget roughly $595 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the New York IAR registration fee?
$200 per investment adviser representative, paid through IARD to the NY Dept. of State / AG Investor Protection Bureau. That is $150 above the national median. Note: Form D tiered: $300 up to $500K, $1,200 above
What does a broker-dealer pay to register in New York?
$300 for the broker-dealer firm and $70 per registered agent, paid through CRD to the NY Dept. of State / AG Investor Protection Bureau. FINRA membership and CRD fees are separate.
What is the New York Form D / Blue Sky notice filing fee?
$300 per offering for a Regulation D 506(b) or 506(c) notice filing when New York 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 York charge the same fee to renew?
Yes — New York charges the same amounts at annual renewal, so a solo RIA should plan on roughly $595 per year in recurring state and IARD fees.