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
$50
at the national median
Broker-dealer firm
$200
$50 below the national median
Per BD agent
$50
$10 below the national median
Form D / Blue Sky notice
$500
$250 above the national median
Renewal
Varies
Reduced/different at renewal
Year-one cost scenarios in Tennessee
Solo state-registered RIA (1 IAR) in Tennessee
$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 × $50 agent (excludes FINRA/CRD fees)
$450
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 $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 Tennessee IAR registration fee?
$50 per investment adviser representative, paid through IARD to the TN Dept. of Commerce & Insurance, Securities Div.. That is at the national median. Note: IA firm renewal $100
What does a broker-dealer pay to register in Tennessee?
$200 for the broker-dealer firm and $50 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, plus the $160 NASAA EFD system fee. The notice is generally due within 15 days of the first sale in the state.
Does Tennessee charge the same fee to renew?
No — Tennessee renewal fees differ from initial registration. IA firm renewal $100 Confirm current amounts with the TN Dept. of Commerce & Insurance, Securities Div. before your renewal window.