The bond is required to ensure that the investment advisor strictly complies with all applicable government rules and regulations.
This is a bond which certain registered investment professionals are required by law to post in Alabama to ensure that the investment advisor strictly complies with all applicable government rules and regulations. It is a contract whereby the surety agrees to have secondary responsibility to the state (the obligee) for any default or debt of the investment advisor (the principal). The bond indemnifies the obligee for losses sustained as a result of any covered defaults, up to the amount of the bond.
Investment advisors are required by State of Alabama statutes to obtain this surety bond.
Alabama requires a $50,000 surety bond for investment advisors.
Colonial offers the direct and digital way to obtain an Alabama investment advisor bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print your bond instantly from your office. It’s that simple!
An Alabama investment advisor bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable court.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain Alabama investment advisor bonds when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.