A Hawaii investment adviser bond is required by the Hawaii Department of Commerce and Consumer Affairs for each registrant that has custody of or discretionary authority over client funds or securities (HI 16-39-434) and falls within specific categories of adviser classified by ‘net worth’. An adviser who maintain a principal place of business outside of Hawaii are exempt from the requirement to post a Hawaii surety bond for investment adviser in securities as long as the adviser is registered in the state where it maintains its principal place of business and is in compliance with that state’s bonding requirements. Hawaii financial advisers are strictly regulated. They are required to file frequent reports with the Department and are subject to field examinations. The Hawaii investment adviser bond must be written in the amount of $50,000 and guarantees that the adviser and/or all of the salespersons or investment adviser representatives registered by and acting for him, shall fully and faithfully comply with the provisions of the Uniform Securities Act (2002), Chapter 485A of the Hawaii Revised Statutes.
Surety One, Inc., is the Hawaii surety bond leader in the bonding needs of the financial sector. We offer these bonds for ALL qualified and experienced applicants regardless of temporary fluctuations in the principal’s personal credit or financial statement condition. We also offer superlative broker dealer fidelity bond coverages to protect against losses due to employee dishonesty. Visit the surety leader at SuretyOne.com, call (800) 373-2804, or email Underwriting@SuretyOne.com for a Hawaii investment adviser bond application or information about any broker dealer or investment adviser need in any state where you may wish to operate.
