MA — State Compliance Guide

Massachusetts State-Registered RIA Compliance

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

Every 3–4 years
Exam Cycle
4
Key Regulations
$300
IA Firm Fee

Regulatory Authority

Massachusetts Securities Division

Exam frequency: Every 3–4 years

IA Firm Registration Fee
$300 initial / $300 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 Massachusetts Compliance Requirements

State-specific regulations that Massachusetts RIAs must follow.

Massachusetts Uniform Securities Act
950 CMR 12.200 Series
Fiduciary Conduct Standard
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 Massachusetts-specific adoption status, consult the Massachusetts Securities Division. For verified adoption data across all states, see our State Adoption Tracker.

Massachusetts 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 Massachusetts compliance?

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