Pennsylvania — Investment Adviser Bond
For a Pennsylvania-based adviser below its required net worth, the Department may require a bond for the deficiency rounded up to the nearest $5,000. The capital threshold is not automatically the bond sum. Confirm the applicable requirement and Department request before applying.
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- Recorded state
- Pennsylvania
- Bond type
- Broker-Dealer / Investment Adviser Bond
- Category
- Financial services
What this bond does
The prescribed U-SB secures registration in the designated investment-adviser capacity and strict compliance with applicable securities statutes, orders, rules and regulations. Use that capacity rather than treating the uniform form as approval for every financial business.
- Who needs it
- A state-registered advisory firm addressing a Pennsylvania Department of Banking and Securities financial-security requirement. Identify the principal office, custody or discretion and any qualifying home-state treatment.
- Who it protects
- The actual U-SB acknowledges indebtedness to the Commonwealth for persons with claims under its conditions. Rule 303.051 makes the bond subject to client claims regardless of residence. The stated aggregate is shared across claimants, not repeated for each person.
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
- Pennsylvania 10 Pa. Code 303.051: surety bonds (opens in a new tab)Checked October 26, 2026
- Pennsylvania 10 Pa. Code 303.042: adviser capital requirements (opens in a new tab)Checked October 26, 2026
- Pennsylvania Department of Banking and Securities: Form U-SB (opens in a new tab)Checked October 26, 2026
Have these ready
- Identify the legal adviser, principal office and Department request.
- Document custody, discretion, applicable safeguards and home-state treatment.
- Calculate required net worth and the Department-required rounded deficiency.
- Match Commonwealth, agency and investment-adviser entries on U-SB.
- Arrange execution, the appropriate acknowledgment and any required power of attorney.
Questions about this bond
Is the bond always $35,000?
That figure is the general custody net-worth threshold. For a Pennsylvania-based adviser below the applicable requirement, Rule 303.051 provides a Department-required bond for the deficiency rounded up to the nearest $5,000. Confirm the actual financial route and requested sum.
Will home-state registration alone excuse a Pennsylvania bond?
The rule also requires compliance with that state's applicable net-worth and bonding requirements. Establish the principal place of business and all conditions, not just registration or an out-of-state mailing address.
What follows Purchase Now?
Propeller's Pennsylvania investment-adviser application opens in a new tab. Match the firm, Commonwealth obligation, adviser capacity, Department-required sum and dates. Review and execute the undertaking with the acknowledgment and any applicable power of attorney, then file with the Department as directed. Payment does not complete registration.