The Texas State Securities Board voted to decrease registration fees for investment advisers. This will make the cost to register in Texas (a state with a de minimis of 1 client) easier to swallow. The initial registration fee which was $275 for a federal covered investment adviser is now $75. For a state registered adviser the fee was reduced from $270 to $40.
Fees for registering an investment adviser representative (alway required in the state of Texas) reduced from $285 to $35.
Effective date for the new fees is today, September 1, 2015.