What Is Investment Adviser Representative (IAR)?
An individual who works for or on behalf of an investment adviser and makes recommendations, manages accounts, or solicits advisory business. IARs must register in the states where they do business, subject to de minimis exemptions.
Investment Adviser Representative (IAR) across 3 exams
Investment Adviser Representative (IAR) appears on the following exams. Each defines it in the context candidates are tested on:
- Series 65
- An individual who works for or on behalf of an investment adviser and makes recommendations, manages accounts, or solicits advisory business. IARs must register in the states where they do business, subject to de minimis exemptions.
- Series 63
- An individual employed by or associated with an investment adviser who makes recommendations, manages accounts, solicits advisory services, or supervises those who do.
- Series 66
- An individual who works for an investment adviser and gives advice, manages accounts, or solicits advisory clients. IARs must generally register in the states where they do business.