PA — State Compliance Guide

Pennsylvania State-Registered RIA Compliance

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

Approximately every 4–5 years
Exam Cycle
4
Key Regulations
$400
IA Firm Fee

Regulatory Authority

Pennsylvania Department of Banking and Securities

Exam frequency: Approximately every 4–5 years

IA Firm Registration Fee
$400 initial / $400 renewal
IAR Registration Fee
$135 initial / $120 renewal

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

Key Pennsylvania Compliance Requirements

State-specific regulations that Pennsylvania RIAs must follow.

Pennsylvania Securities Act of 1972
10 Pa. Code Chapter 404
State custody rule adopted
IA Registration & Reporting

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 Pennsylvania-specific adoption status, consult the Pennsylvania Department of Banking and Securities. For verified adoption data across all states, see our State Adoption Tracker.

Pennsylvania 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 Pennsylvania compliance?

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