Wisconsin Filing Fees: RIA, IAR, Broker-Dealer & Form D (2026)
What it actually costs to register and renew in Wisconsin. Fees are paid to the WI Dept. of Financial Institutions.
RIA firm registration
$400
$200 above the national median
Per IAR
$80
$30 above the national median
Broker-dealer firm
$400
$150 above the national median
Per BD agent
$80
$20 above the national median
Form D / Blue Sky notice
$200
$50 below the national median
Renewal
Varies
Reduced/different at renewal
Year-one cost scenarios in Wisconsin
Solo state-registered RIA (1 IAR) in Wisconsin
$400 firm + $80 IAR + $150 IARD system + $45 IAR system
$675
RIA with 3 investment adviser representatives
$400 firm + 3 × $80 IAR + IARD system fees
$925
Broker-dealer with 5 registered agents
$400 firm + 5 × $80 agent (excludes FINRA/CRD fees)
$800
Private fund Form D notice filing (Wisconsin investors)
State Blue Sky notice fee, due within 15 days of first sale
$200
Filing fees only. Excludes compliance-manual drafting, Form ADV preparation, consulting, legal, E&O, and FINRA membership costs. Verify amounts with the WI Dept. of Financial Institutions before filing.
Want the all-in Wisconsin number?
Our registration calculator adds filing fees, Form ADV drafting, policies and procedures, and ongoing consulting into one budget for Wisconsin and any other jurisdictions you need.
Frequently asked questions
How much does it cost to register as an investment adviser in Wisconsin?
Wisconsin charges $400 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 $675 in year-one filing fees, excluding legal, consulting, and compliance-manual costs.
What is the Wisconsin IAR registration fee?
$80 per investment adviser representative, paid through IARD to the WI Dept. of Financial Institutions. That is $30 above the national median. Note: IA firm renewal $200; BD firm renewal $200
What does a broker-dealer pay to register in Wisconsin?
$400 for the broker-dealer firm and $80 per registered agent, paid through CRD to the WI Dept. of Financial Institutions. FINRA membership and CRD fees are separate.
What is the Wisconsin Form D / Blue Sky notice filing fee?
$200 per offering for a Regulation D 506(b) or 506(c) notice filing when Wisconsin 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 Wisconsin charge the same fee to renew?
No — Wisconsin renewal fees differ from initial registration. IA firm renewal $200; BD firm renewal $200 Confirm current amounts with the WI Dept. of Financial Institutions before your renewal window.