CA — State Compliance Guide

California State-Registered RIA Compliance

Compliance resources and tools tailored for state-registered investment advisors in California.

Risk-based
Exam Cycle
4
Key Regulations
$125
IA Firm Fee

Regulatory Authority

California Department of Financial Protection and Innovation (DFPI)

Exam frequency: Risk-based, typically every 3–5 years

IA Firm Registration Fee
$125 initial / $125 renewal
IAR Registration Fee
$50 initial / $50 renewal

Fee data: IARD IA Firm Fee Schedule (11/1/2025), IAR Fee Schedule (3/6/2026)

Key California Compliance Requirements

State-specific regulations that California RIAs must follow.

California Corporate Securities Law of 1968
Title 10 CCR Sections 260.000–260.906
Investment Adviser Brochure Rule
No surety bond program — net capital only

NASAA Model Rules

NASAA has adopted model rules covering custody, books & records, ethics, marketing, and more. Individual state adoption varies.

NASAA model rule adoption varies by state and is governed by each state's securities regulations. For California-specific adoption status, consult the California Department of Financial Protection and Innovation (DFPI). For verified adoption data across all states, see our State Adoption Tracker.

California Exam Preparation

Be ready when your state examiner schedules an inspection.

Document Preparation

Ensure all required books, records, and compliance documentation are organized and accessible.

Compliance Program Review

Verify your written compliance policies address all state-specific requirements.

Staff Training Records

Maintain documentation of ongoing compliance training for all advisory personnel.

Regulatory Filings

Confirm all state registration filings, amendments, and renewals are current.

Ready to simplify California compliance?

Compliance Approved helps California state-registered RIAs stay compliant with automated tracking and documentation.