North Dakota Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in North Dakota. Fees are paid to the ND Securities Department.
RIA firm registration
$200
at the national median
Per IAR
$60
at the national median
Broker-dealer firm
$200
$50 below the national median
Per BD agent
$60
$10 above the national median
Form D / Blue Sky notice
$50
$200 below the national median
Renewal
$200
Same as initial registration
Year-one cost scenarios in North Dakota
Solo state-registered RIA (1 IAR) in North Dakota
$200 firm + $60 IAR + $150 IARD system + $45 IAR system
$455
RIA with 3 investment adviser representatives
$200 firm + 3 × $60 IAR + IARD system fees
$665
Broker-dealer with 5 registered agents
$200 firm + 5 × $60 agent (excludes FINRA/CRD fees)
$500
Private fund Form D notice filing (North Dakota investors)
State Blue Sky notice fee, due within 15 days of first sale
$50
Filing fees only. Excludes compliance-manual drafting, Form ADV preparation, consulting, legal, E&O, and FINRA membership costs. Verify amounts with the ND Securities Department before filing.
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Frequently asked questions
How much does it cost to register as an investment adviser in North Dakota?
North Dakota charges $200 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 $455 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the North Dakota IAR registration fee?
$60 per investment adviser representative, paid through IARD to the ND Securities Department. That is at the national median.
What does a broker-dealer pay to register in North Dakota?
$200 for the broker-dealer firm and $60 per registered agent, paid through CRD to the ND Securities Department. FINRA membership and CRD fees are separate.
What is the North Dakota Form D / Blue Sky notice filing fee?
$50 per offering for a Regulation D 506(b) or 506(c) notice filing when North Dakota residents invest. The notice is generally due within 15 days of the first sale in the state.
Does North Dakota charge the same fee to renew?
Yes — North Dakota charges the same amounts at annual renewal, so a solo RIA should plan on roughly $455 per year in recurring state and IARD fees.