Vermont Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in Vermont. Fees are paid to the VT Dept. of Financial Regulation.
RIA firm registration
$350
$150 above the national median
Per IAR
$80
$20 above the national median
Broker-dealer firm
$600
$350 above the national median
Per BD agent
$65
$15 above the national median
Form D / Blue Sky notice
$600
$350 above the national median
Renewal
$350
Same as initial registration
Year-one cost scenarios in Vermont
Solo state-registered RIA (1 IAR) in Vermont
$350 firm + $80 IAR + $150 IARD system + $45 IAR system
$625
RIA with 3 investment adviser representatives
$350 firm + 3 × $80 IAR + IARD system fees
$875
Broker-dealer with 5 registered agents
$600 firm + 5 × $65 agent (excludes FINRA/CRD fees)
$925
Private fund Form D notice filing (Vermont investors)
State Blue Sky notice fee, due within 15 days of first sale
$600
Filing fees only. Excludes compliance-manual drafting, Form ADV preparation, consulting, legal, E&O, and FINRA membership costs. Verify amounts with the VT Dept. of Financial Regulation 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 Vermont and any other jurisdictions you need.
Frequently asked questions
How much does it cost to register as an investment adviser in Vermont?
Vermont charges $350 for investment adviser firm registration and $80 per investment adviser representative. Adding FINRA IARD system fees ($150 firm, $45 per IAR), a solo RIA should budget roughly $625 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the Vermont IAR registration fee?
$80 per investment adviser representative, paid through IARD to the VT Dept. of Financial Regulation. That is $20 above the national median.
What does a broker-dealer pay to register in Vermont?
$600 for the broker-dealer firm and $65 per registered agent, paid through CRD to the VT Dept. of Financial Regulation. FINRA membership and CRD fees are separate.
What is the Vermont Form D / Blue Sky notice filing fee?
$600 per offering for a Regulation D 506(b) or 506(c) notice filing when Vermont residents invest. The notice is generally due within 15 days of the first sale in the state.
Does Vermont charge the same fee to renew?
Yes — Vermont charges the same amounts at annual renewal, so a solo RIA should plan on roughly $625 per year in recurring state and IARD fees.