Tennessee Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in Tennessee. Fees are paid to the TN Dept. of Commerce & Insurance, Securities Div..
RIA firm registration
$200
at the national median
Per IAR
$75
$15 above 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
$500
$250 above the national median
Renewal
$200
Same as initial registration
Year-one cost scenarios in Tennessee
Solo state-registered RIA (1 IAR) in Tennessee
$200 firm + $75 IAR + $150 IARD system + $45 IAR system
$470
RIA with 3 investment adviser representatives
$200 firm + 3 × $75 IAR + IARD system fees
$710
Broker-dealer with 5 registered agents
$200 firm + 5 × $60 agent (excludes FINRA/CRD fees)
$500
Private fund Form D notice filing (Tennessee investors)
State Blue Sky notice fee, due within 15 days of first sale
$500
Filing fees only. Excludes compliance-manual drafting, Form ADV preparation, consulting, legal, E&O, and FINRA membership costs. Verify amounts with the TN Dept. of Commerce & Insurance, Securities Div. 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 Tennessee and any other jurisdictions you need.
Frequently asked questions
How much does it cost to register as an investment adviser in Tennessee?
Tennessee charges $200 for investment adviser firm registration and $75 per investment adviser representative. Adding FINRA IARD system fees ($150 firm, $45 per IAR), a solo RIA should budget roughly $470 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the Tennessee IAR registration fee?
$75 per investment adviser representative, paid through IARD to the TN Dept. of Commerce & Insurance, Securities Div.. That is $15 above the national median.
What does a broker-dealer pay to register in Tennessee?
$200 for the broker-dealer firm and $60 per registered agent, paid through CRD to the TN Dept. of Commerce & Insurance, Securities Div.. FINRA membership and CRD fees are separate.
What is the Tennessee Form D / Blue Sky notice filing fee?
$500 per offering for a Regulation D 506(b) or 506(c) notice filing when Tennessee residents invest. The notice is generally due within 15 days of the first sale in the state.
Does Tennessee charge the same fee to renew?
Yes — Tennessee charges the same amounts at annual renewal, so a solo RIA should plan on roughly $470 per year in recurring state and IARD fees.