North Carolina — Investment Adviser Bond
North Carolina's bonding rule specifies at least $35,000 for covered advisers with custody or discretion, unless the financial-rule exemption applies. That is not a bond calculated from a small capital shortfall. Confirm the financial route and any qualifying home-state exemption before applying.
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- Recorded state
- North Carolina
- Bond type
- Broker-Dealer / Investment Adviser Bond
- Category
- Financial services
What this bond does
The Investment Advisor's Bond supports the firm's Chapter 78C registration and provides for qualifying claims arising under that chapter. The rule calls for Form NCIAB or an Administrator-approved equivalent, not an unrelated financial-services bond.
- Who needs it
- The advisory firm satisfying a North Carolina Securities Division request. Identify the legal registrant, custody or discretionary authority, financial position and principal place of business.
- Who it protects
- The actual form expressly names the Secretary of State of North Carolina as obligee for persons successfully pursuing covered Chapter 78C causes of action. It permits direct action and caps the surety's aggregate liability at the stated sum; it does not guarantee investment performance.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- North Carolina G.S. 78C-17: registration and statutory financial-security authority (opens in a new tab)Checked October 26, 2026
- North Carolina Secretary of State: Investment Advisor's Bond (opens in a new tab)Checked October 26, 2026
Have these ready
- Identify the adviser firm, registration and principal place of business.
- Document custody, discretion and the applicable financial or home-state route.
- Confirm the required sum of at least $35,000 when bonding applies.
- Match the Secretary of State obligee, accepted Form NCIAB and effective entries.
- Arrange principal/surety execution and Securities Division filing.
Questions about this bond
Can my bond just equal the financial shortfall?
Rule .1705 specifies at least $35,000; it does not state a deficiency-rounding formula. The $35,000 custody and $10,000 discretion figures in .1704 are net-worth requirements for the separate financial route. Have the Division confirm which route applies.
Does my home-state address alone establish an exemption?
The bonding exemption also requires registration as an adviser in that state and compliance with its bonding requirements. Match all conditions, not just the address. Financial-rule treatment has its own home-state capital conditions.
Where does Purchase Now take me?
It opens Propeller's North Carolina investment-adviser application in a new tab. Match the firm, Secretary of State obligation, required sum and dates after confirming the applicable route. Review and execute the issued form, then file with the Securities Division as directed. Provider payment does not complete registration.