How to Apply
The path to becoming a licensed Investment Advisor in Minnesota involves several key steps. First, complete an approved education program recognized by MN. Next, prepare for and successfully pass the Series 65 or Series 66 Exam. Finally, gather your documentation and submit your license application through the Minnesota state licensing portal.
Requirements
To qualify for Investment Advisor licensure in Minnesota, candidates must satisfy several prerequisites. MN mandates completion of an approved training program, successful passage of the Series 65 or Series 66 Exam, and a clean criminal background check. Additional requirements may include proof of residency and professional references as determined by the Minnesota regulatory authority.
Fees & Costs
The cost of becoming a licensed Investment Advisor in Minnesota starts at $500 for the application fee. MN requires this fee to be paid at the time of application submission. Factor in additional expenses such as exam fees, background check costs, and any required continuing education. Late renewal penalties in Minnesota can add up to $175 to your costs.
License Fee Calculator — Investment Advisor in Minnesota
Renewal Process
Your Investment Advisor license in Minnesota must be renewed every 1 year. The renewal fee in MN is $350. Minnesota requires completion of continuing education credits before renewal. Submit your renewal application at least 30 days before expiration to avoid late fees. Practicing with an expired license in MN can result in fines and disciplinary action.
License Expiry Calculator — Investment Advisor in MN
Enter your license issue date to see when renewal is due. Minnesota requires renewal every 1 year.
Additional Information
Minnesota takes professional licensing seriously, and the Investment Advisor field is no exception. The state board in MN regularly updates its requirements to align with industry standards and protect public safety. As a licensed Investment Advisor in Minnesota, you will be expected to maintain high ethical standards and stay current with developments in your field. The MN licensing board provides resources and support to help professionals meet their obligations.
Document Checklist — Investment Advisor
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Frequently Asked Questions
License Reciprocity: Can I Use My Minnesota Investment Advisor License in Other States?
Reciprocity varies by state. Always verify with the destination state's licensing board before practicing.
| Destination State | Reciprocity | Notes |
|---|---|---|
| Alaska (AK) | Partial | AK requires additional exam or paperwork for MN license holders. |
| Alabama (AL) | None | AL does not recognize MN Investment Advisor license. Full re-application required. |
| Arizona (AZ) | Partial | AZ requires additional exam or paperwork for MN license holders. |
| Arkansas (AR) | Full | AR accepts MN Investment Advisor license via reciprocity agreement. |
| Colorado (CO) | Full | CO accepts MN Investment Advisor license via reciprocity agreement. |
| Delaware (DE) | Full | DE accepts MN Investment Advisor license via reciprocity agreement. |
| California (CA) | None | CA does not recognize MN Investment Advisor license. Full re-application required. |
| Florida (FL) | Full | FL accepts MN Investment Advisor license via reciprocity agreement. |
Where to File Locally in Minnesota
Visit a licensing department office near you for in-person assistance.
St. Paul
85 7th Place E, St. Paul, MN 55101
(651) 539-1500
Mon-Fri 8:00 AM - 4:30 PM
Minneapolis
350 S 5th St, Minneapolis, MN 55415
(612) 673-3000
Mon-Fri 8:00 AM - 4:30 PM
Rochester
201 4th St SE, Rochester, MN 55904
(507) 328-2000
Mon-Fri 8:00 AM - 4:30 PM
Duluth
411 W 1st St, Duluth, MN 55802
(218) 730-5000
Mon-Fri 8:00 AM - 4:30 PM
Bloomington
1800 W Old Shakopee Rd, Bloomington, MN 55431
(952) 563-8700
Mon-Fri 8:00 AM - 4:30 PM
Official Minnesota Resources
Always verify requirements directly with the Minnesota state board. Regulations may change.
Minnesota Licensing Board
https://mn.gov/boards
Contact Phone
(651) 539-1500
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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.