Stay current. Stay compliant.

Online Continuing Education Courses For
Investment Advisers

STC is an approved provider of IAR CE courses for registered IARs of state-registered and federally covered investment advisers subject to the NASAA model rule.

STC continues to monitor the latest developments and state adoptions of the NASAA IAR CE Model Rule. This rule requires Investment Adviser Representatives (IARs) to complete 12 CE credits annually to maintain their IAR registration. The requirement includes six credits of Products and Practices content and six credits of Ethics and Professional Responsibility content.

The NASAA Model Rule is being adopted on a state-by- state basis, but states are not required to adopt. The map to the right shows each state's adoption status of the model rule. State's highlighted green on the map have officially adopted.

Learn IAR CE from the Industry’s Best

STC is the securities licensing training provider that Wall Street (and beyond) has relied on for more than 50 years.
We have the experts that clients need to quickly and efficiently complete your required education.

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Expert Course Content

Courses designed by expert instructors with over 50+ years of experience.

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Guided Course Selection

Quickly select the correct courses to complete the IAR CE requirement.

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Quick Completion

Our approved selection of IAR CE courses only take one hour to complete.

Complete IAR CE Requirements with STC

As an approved NASAA provider, STC currently offers 19 courses, as well as both six-hour and 12-hour bundles. Popular courses in our current course catalog include:

Advising Senior Investors

This module will examine some of the special considerations and warning signs when dealing with senior investors. Through the use of timely case studies, users will gain insight into the best practices when providing advice to these investors.

Ethical Decision Making for IARs

Through the analysis of current issues and case study application, users will gain an understanding of how a person’s behavior and attitude can impact the integrity of the industry. Topics include insider trading, best execution, and political contributions.

IARs - Dealing with Customers

This course will describe the brochure rule, acting as a solicitor, and the creation of advisory contracts. Additionally, the ethical importance of making suitable recommendations will be reviewed, along with rules regarding advisory advertising and correspondence.

Insider Trading and Investment Advisers

Insider trading and the potential misuse of material, non-public information (MNPI) have been a consistent focus of the SEC’s examination and enforcement programs. After an examination of recent regulatory actions, users will be presented with case studies to gain an understanding of appropriate and ethical responses.

IAR CE Requirements

We’re here to guide you in the new IAR CE requirements. Here are common FAQs:

What are the specific continuing education requirements for IAR CE?

Investment adviser representatives (IARs) are required to complete 12 CE credits annually to maintain their IAR registration. The requirement includes SIX credits of Products and Practices content and SIX credits of Ethics and Professional Responsibility content.

What are the requirements for Dually Registered IARs?

An IAR who’s also a registered representative of a FINRA member firm and in compliance with FINRA’s Regulatory Element CE requirements is considered to be in compliance with the requirement to complete SIX credits of Products and Practices content. In other words, these IARs are only required to complete the SIX credits of Ethics and Professional Responsibility content.

Why are IARs required to complete continuing education?

Most financial professionals are required to complete ongoing learning to protect themselves and their clients. Research shows that, in 2020, the amount of assets under management totaled $110 trillion. Much of this money can be attributed to the retirement savings of millions of Americans. This has resulted in the rapid expansion of the investment advisory profession. In fact, the number of registered investment advisers increased by 50% from 2013 to 2020. All of these factors point to an opportunity and a need to support the important role that IARs play in their clients’ financial lives. The acquisition of knowledge in the form of continuing education is just one way to support IARs.

Who needs to begin complying with the CE program?

Compliance starts with current and newly registered IARs in states that have adopted the Model Rule with an effective date of January 1, 2022. The rule applies to all registered IARs of both state-registered and federal covered investment advisers.

As of March 2022, six states have either implemented an IAR CE requirement or have informed NASAA’s IAR CE Committee they are planning to adopt an IAR CE requirement. The states of Maryland, Mississippi, and Vermont have an effective date of January 1, 2022. The states of Michigan, Wisconsin, and Nevada have a planned effective date of January 1, 2023. For any state that approves the Model Rule in 2022, the effective date will be January 1, 2023. Since this information will be continuously updated, I strongly recommend checking with the NASAA website for the latest updates. For questions regarding your state’s requirements, contact the securities regulator in your area.

How are the requirements for IAR CE different from the requirements for CE in financial services?

One difference is in the reporting of course completion. Approved providers of IAR CE are required to report completions directly to FINRA—NASAA’s vendor for program tracking. A second difference is in the testing. For successful completion, IARs are required to score 100% on an end-of-course assessment and are provided with an unlimited number of attempts to achieve this score.

Is there a possibility of leveraging existing continuing education requirements with the new IAR CE requirements?

Yes. A firm is able to leverage its FINRA Firm Element training as long as its courses are also approved for IAR CE. Additionally, some IAR CE courses may even qualify for CE for certain professional designations (e.g., CFP).

Stay Updated on Future Changes and Course Availability for IAR CE