Financial Requirements (HAR §16-39-433)

  • Minimum net worth requirements
  • Any adviser who fails to maintain the minimum net worth required must notify the commissioner by the end of the next business day
  • Net worth is defined as the excess of assets over liabilities, as determined by generally accepted accounting principles
  • Investment advisers who have a principal place of business outside of Hawaii are required to maintain the minimum net worth required in the state of their principal place of business

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