Michigan Investment Adviser Bond

The Michigan Corporations, Securities, and Commercial Licensing Bureau adopted revised regulations for broker-dealers and investment advisers that eliminated the $10,000 surety bond or other security required for broker-dealers with less than $50,000 in net capital.

These broker-dealers only have to meet net capital requirements under the revised regulations. Investment advisers will be required to post a bond if the adviser has custody of or discretionary authority over client funds or securities. The Administrator will determine the bond amount based on the adviser’s number of clients and total assets that are under his or her management.

If an investment adviser fails to meet the minimum net worth requirements and has custody of or discretionary authority over client funds or securities, he or she must post a bond equal to the amount of the net worth deficiency, rounded up to the nearest $5,000.

Get a Free Quote Instantly Online

If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online. We are the nation’s largest volume bond producer, and provide the lowest rates in the industry.


Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.

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