Welcome to the IARDTM Web site. This site will provide investment adviser firms and representatives with a variety of information about the IARD system. The Investment Adviser Registration Depository (IARD) is an electronic filing system that facilitates Investment Adviser registration, regulatory review, and the public disclosure information of Investment Adviser firms. FINRA is the developer and operator of the IARD system. The system has been developed according to the requirements of its sponsors, the Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA), along with those of an Industry Advisory Council representing the Investment Adviser firms.

Information geared to the investing public can be found on the SEC Web Site under the “Investor Information” section.

What’s New On IARD

Please look to this area of the home page on a frequent basis for regular updates, new information to the Site, and documents about how to use the IARD system. IARD is available from 7:00 a.m., ET, to 11:00 p.m., ET, Monday through Friday. IARD is not available on holidays in which FINRA is closed and is not available after 6:00 p.m., ET, on the business day immediately preceding some holidays. Please refer to the IARD system schedule for detailed weekend and holiday availability.

  • Software Release 2009.2

    View an explanation of changes to IARD and Web CRD with the implementation of software release 2009.2, which is tentatively scheduled for Monday, May 18, 2009.


  • IARD/Web CRD Software Release 2008.4

    Review the IARD/Web CRD 2008.4 Release Notes for IARD and Web CRD system changes which were implemented on October 6, 2008.

    View Individual SSNs Entitlement Privilege

    On June 23, 2008, FINRA implemented a new information security feature that restricts access to Social Security numbers (SSNs) through a specific entitlement in Web CRD® and IARDSM. Only those individuals who are entitled with the new privilege—"View Individual SSN"—will be able to view SSNs in Web CRD/IARD. SSNs will be masked with "Xs" for individuals who are not entitled with this new privilege.

    Important to Note:
    • All individuals, regardless of whether they are entitled with the new "View Individual SSN" privilege, will still be able to search by SSN in Web CRD/IARD.
    • All Web CRD/IARD Account Administrators will be automatically entitled with the new "View Individual SSN" privilege as of June 23, 2008.
    • Account Administrators must entitle those individuals in their organizations who require access to SSNs to perform their job responsibilities by setting the "View Individual SSN" privilege for them through the FINRA Entitlement Account Management Tool.


  • FINRA.org: Add to Safe-Sender Email List

    NASD and NYSE Member Regulation consolidated to form a single self-regulatory organization for the securities industry known as FINRA, the Financial Industry Regulatory Authority. FINRA is now the operator of the IARD system on behalf of the IARD program sponsors which are the SEC and NASAA. In order to ensure consistent delivery of FINRA emails to your inboxes, please add our email domain, FINRA.org to your firm's safe-sender list as soon as possible. If your email application requires you to enter individual email addresses to your safe-sender list in addition to, or in lieu of, an email domain, please add the following addresses:


  • Form ADV Part 2: With the deployment of Release 9.0, firms are able to submit Part II of Form ADV through IARD. For additional information on how to file Part II see Form ADV Part 2 (IARD System Instructions).

    SEC-registered advisers: The SEC does not require SEC-registered advisers to file Part II of Form ADV electronically. Regardless of whether your firm files its Part II through IARD, your firm must continue to provide prospective clients with a copy of Part II or a brochure containing at least the same required information. A copy of Part II also must be kept in your office for inspection by the SEC. See Rules 203-1(b)(2), 204-1(c) and 204-3 of the Investment Advisers Act for details of your legal obligations concerning Part II of Form ADV.

    State-registered advisers: All states will accept Part II through IARD. Some states may require you to file Part II through IARD. If you are uncertain whether your state requires submission via IARD, please contact the state securities regulator directly. Their numbers are available on the NASAA Web Site.

    Additional information regarding system functionality can be found in the ADV Part II Navigation Guide or on the NASAA web site.
  • Information about the Uniform Branch Office Registration Form (Form BR)

  • SEC Hedge Fund Rule Update:

    Visit the SEC Web site for information on Staff Guidance for Interim Completion of Part 1A of Form ADV, Item 7.B. and Schedule D, Section 7.B.

  • Annual Updating Amendments for IA Firms Registered with the SEC

    • Reminder: An Investment Adviser that is registered with the SEC must submit its Annual Updating Amendment within 90 days of the firm’s fiscal year-end. For answers to frequently asked questions regarding the filing of an Annual Updating Amendment, please visit the SEC’s Web Site.

  • Attention Filers: If you are a currently state-registered IA firm that is changing from manual paper registration to electronic filing on the IARD system, an electronic Transition Filing should be completed and submitted before you begin to create your electronic Form ADV on IARD. You will not be able to transition your Notice Filing or state registration information if you first begin to create your electronic Form ADV because the system does not allow Transition Filings when you have an existing "Pending" Form ADV filing.

    For more information regarding Transition Filings: