Does maintaining a place of business in the state trigger a notice filing (regardless of number of clients)?
Yes – unless your only clients are:
- Federal covered investment advisers,
- State investment advisers,
- Broker-dealers,
- Mortgage bankers,
- Banks,
- Savings institutions or trust companies,
- Insurance companies,
- Investment companies as defined in the Investment Company Act of 1940, as amended,
- Pension or profit-sharing trusts, or
- Other financial institutions or institutional buyers, whether acting for themselves or as trustees.
OR. REV. STAT. § 59.015(20)(b)(F)&(J)
What is the maximum number of clients adviser can have in the state without triggering a notice filing?
5
OR. REV. STAT § 59.015(20)(b)(J)(2017)
What sorts of clients are not counted for purposes of determining whether to notice file?
- Federal covered investment advisers,
- State investment advisers,
- Broker-dealers,
- Mortgage bankers,
- Banks,
- Savings institutions or trust companies,
- Insurance companies,
- Investment companies as defined in the Investment Company Act of 1940, as amended,
- Pension or profit-sharing trusts, or
- Other financial institutions or institutional buyers, whether acting for themselves or as trustees.
OR. REV. STAT § 59.165(7), 59.015(20)(b)(F)(2017)
Viewing of these pages does not establish an attorney-client relationship. The information above is informational purposes only and should not be construed as legal advice. A lawyer should be consulted to confirm both applicability and any other issues that might affect or apply to your situation.