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Investment Advisor License in Michigan

Your complete 2026 guide to obtaining and maintaining your Investment Advisor license in MI. Covers fees, exams, documents, and renewal.

Application Fee

$500

Processing Time

4-8 Weeks

Exam Required

Series 65 or Series 66 Exam

Difficulty Level

High

Step-by-Step: How to Get Licensed

Follow these 5 steps to obtain your Investment Advisor license in Michigan.

Step 1·Complete Education

Finish an approved Investment Advisor training program in Michigan.

Step 2·Gather Documents

Collect all 5 required documents for your MI application.

Step 3·Pass the Exam

Score passing marks on the Series 65 or Series 66 Exam.

Step 4·Submit Application

File your application with the Michigan licensing board and pay the $500 fee.

Step 5·Receive License

Processing takes 4-8 weeks in MI. Practice legally once approved.

How to Apply

To obtain your Investment Advisor license in Michigan, you must first complete the state-mandated pre-licensing education requirements. Michigan requires all applicants to pass the Series 65 or Series 66 Exam before submitting their application to the state licensing board. The application process in MI is straightforward but requires careful attention to detail and documentation.

Requirements

Before applying for a Investment Advisor license in Michigan, ensure you meet all eligibility criteria. MI requires candidates to have completed the necessary educational coursework and accumulated the required training hours. All applicants must pass a comprehensive background check and provide proof of identity. Successfully passing the Series 65 or Series 66 Exam is a non-negotiable requirement in Michigan.

Fees & Costs

Michigan sets the Investment Advisor license application fee at $500. This is a one-time fee for new applicants in MI. Additional costs may include fingerprinting fees, background check fees, and exam registration. The total out-of-pocket cost for new licensees in Michigan typically ranges from $500 to $700.

License Fee Calculator — Investment Advisor in Michigan

Base License Fee$500
Estimated Total$500

Renewal Process

Michigan requires Investment Advisor license holders to renew their credentials every 1 year. The renewal fee is $350 in MI. Continuing education requirements must be met before the renewal application is submitted. Michigan offers both online and mail-in renewal options for licensed professionals.

License Expiry Calculator — Investment Advisor in MI

Enter your license issue date to see when renewal is due. Michigan requires renewal every 1 year.

Additional Information

The demand for licensed Investment Advisor professionals in Michigan continues to grow. MI offers a supportive regulatory environment that balances consumer protection with professional opportunity. The licensing board in Michigan provides online tools and resources to help applicants navigate the process efficiently. Many Investment Advisor professionals in MI report high job satisfaction and competitive compensation.

Document Checklist — Investment Advisor

0 of 5 documents ready

Frequently Asked Questions

License Reciprocity: Can I Use My Michigan Investment Advisor License in Other States?

Reciprocity varies by state. Always verify with the destination state's licensing board before practicing.

Destination StateReciprocityNotes
Alaska (AK) PartialAK requires additional exam or paperwork for MI license holders.
Alabama (AL) PartialAL requires additional exam or paperwork for MI license holders.
Arizona (AZ) FullAZ accepts MI Investment Advisor license via reciprocity agreement.
Arkansas (AR) NoneAR does not recognize MI Investment Advisor license. Full re-application required.
Colorado (CO) NoneCO does not recognize MI Investment Advisor license. Full re-application required.
Delaware (DE) NoneDE does not recognize MI Investment Advisor license. Full re-application required.
California (CA) PartialCA requires additional exam or paperwork for MI license holders.
Florida (FL) NoneFL does not recognize MI Investment Advisor license. Full re-application required.

Where to File Locally in Michigan

Visit a licensing department office near you for in-person assistance.

Lansing

611 W Ottawa St, Lansing, MI 48933

(517) 241-0199

Mon-Fri 8:00 AM - 5:00 PM

Detroit

2 Woodward Ave, Detroit, MI 48226

(313) 224-3400

Mon-Fri 8:00 AM - 5:00 PM

Grand Rapids

300 Monroe Ave NW, Grand Rapids, MI 49503

(616) 456-3000

Mon-Fri 8:00 AM - 5:00 PM

Ann Arbor

301 E Huron St, Ann Arbor, MI 48104

(734) 794-6000

Mon-Fri 8:00 AM - 5:00 PM

Flint

1101 S Saginaw St, Flint, MI 48502

(810) 766-7346

Mon-Fri 8:00 AM - 5:00 PM

Official Michigan Resources

Always verify requirements directly with the Michigan state board. Regulations may change.

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Disclaimer

US License Guide is a private informational resource and is not affiliated with, endorsed by, or connected to any federal, state, or local government agency. The information provided on this website is for general guidance purposes only and should not be considered legal or professional advice. Licensing requirements, fees, and procedures may change without notice. Always verify current requirements directly with your state's official licensing board before making any decisions. Use of this site does not create any professional-client relationship.