Out Of State Regulations:
N.H. Rev. Stat. Ann. § 28, Chapter 421-B:2(IX): "investment adviser means any person who for the purposes of compensation engages in the business of advising others…not including (j) A person who has no place of business in this state and who, during the preceding 12 month period, has had not more than 5 clients.
In State Regulations:
Exempt only if fund has assets below $25 million, based on examiner's comments.
Comments on this regulation:
Exemption based on definition of investment adviser and definition of client, where one fund = one client. See N.H. Rev. Stat. Ann. § 28, Chapter 421-B:2(IX) for definition of investment adviser.
State Regulations Website:
Click to view
N.H. Rev. Stat. Ann. § 28, Chapter 421-B:2(IX): "investment adviser means any person who for the purposes of compensation engages in the business of advising others…not including (j) A person who has no place of business in this state and who, during the preceding 12 month period, has had not more than 5 clients.
In State Regulations:
Exempt only if fund has assets below $25 million, based on examiner's comments.
Comments on this regulation:
Exemption based on definition of investment adviser and definition of client, where one fund = one client. See N.H. Rev. Stat. Ann. § 28, Chapter 421-B:2(IX) for definition of investment adviser.
State Regulations Website:
Click to view
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