Investment Adviser Annual Requirements

Financial reporting (HAR §16-39-437)
Investment advisers must file an annual financial report within 90 calendar days following the end of the investment adviser’s fiscal year.  The type of financial statements required is as follows:

Hawaii investment advisers with custody or discretionary authority
Audited financial statements.

Hawaii investment advisers without custody or discretionary authority
Financial statements that are verified by a duly authorized officer and notarized.  The Investment Adviser Verification Form is available for your use.

Out-of-state investment advisers
A copy of the most recent financial report or statement, if any, that the investment adviser has filed with the state where it maintains its principal place of business.

Financial statements may be uploaded via our Securities Online Portal or emailed to our general email mailbox: [email protected].

Offer of ADV or brochure (HAR §16-39-439)
Investment advisers must furnish each advisory client and prospective client with a written disclosure statement that complies with the provisions of the Investment Advisers Act, 17 CFR §275.204-3.  Investment advisers must also deliver annually, within 120 days after the end of its fiscal year, a current brochure to its clients

Privacy Policy
Under the Gramm-Leach-Bliley Act (GLBA), investment advisers are required to adopt written policies for handling confidential personal information and the proper distribution of those written policies.  More information regarding GLBA can be found in NASAA’s Privacy Policy for State Advisers.