Texas Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in Texas. Fees are paid to the Texas State Securities Board.
RIA firm registration
$75
$125 below the national median
Per IAR
$35
$15 below the national median
Broker-dealer firm
$75
$175 below the national median
Per BD agent
$35
$25 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 Texas
Solo state-registered RIA (1 IAR) in Texas
$75 firm + $35 IAR + $150 IARD system + $45 IAR system
$305
RIA with 3 investment adviser representatives
$75 firm + 3 × $35 IAR + IARD system fees
$465
Broker-dealer with 5 registered agents
$75 firm + 5 × $35 agent (excludes FINRA/CRD fees)
$250
Private fund Form D notice filing (Texas 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 Texas State Securities Board before filing.
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Frequently asked questions
How much does it cost to register as an investment adviser in Texas?
Texas charges $75 for investment adviser firm registration and $35 per investment adviser representative. Adding FINRA IARD system fees ($150 firm, $45 per IAR), a solo RIA should budget roughly $305 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the Texas IAR registration fee?
$35 per investment adviser representative, paid through IARD to the Texas State Securities Board. That is $15 below the national median. Note: Renewals: IA firm $40, IAR $20, BD firm $40, BD agent $20; Form D 0.1% of offering, $500 max
What does a broker-dealer pay to register in Texas?
$75 for the broker-dealer firm and $35 per registered agent, paid through CRD to the Texas State Securities Board. FINRA membership and CRD fees are separate.
What is the Texas Form D / Blue Sky notice filing fee?
$500 per offering for a Regulation D 506(b) or 506(c) notice filing when Texas 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 Texas charge the same fee to renew?
No — Texas renewal fees differ from initial registration. Renewals: IA firm $40, IAR $20, BD firm $40, BD agent $20; Form D 0.1% of offering, $500 max Confirm current amounts with the Texas State Securities Board before your renewal window.