NASAA's investment adviser representative (IAR) continuing education program has now been adopted by 25 jurisdictions, covering the majority of state-registered investment advisers in the United States.
The program requires 12 credits per year: 6 in Products and Practice and 6 in Ethics and Professional Responsibility. Credits are tracked through FINRA's continuing education systems (the Financial Professional Gateway), not the IARD registration system.
Among the most recent adopters, Illinois's requirement is effective in 2026 and Indiana's in 2027. The remaining states have not yet adopted the NASAA IAR CE model rule.
Firms operating in multiple jurisdictions should verify CE requirements for each state where their IARs are registered, as requirements may differ in non-adopting states.