Overview

Does maintaining a place of business in the state trigger a notice filing (regardless of number of clients)?

Yes.
NEB. REV. STAT. § 8-1103(2)(b)(2017)

What is the maximum number of clients adviser can have in the state without triggering a notice filing?

0
NEB. REV. STAT. § 8-1103(2)(b) (2017)
NEB. REV. STAT. § 8-1101(7)(g)(i)(2017)

What sorts of clients are not counted for purposes of determining whether to notice file?

  1. other investment advisers,
  2. federal covered advisers,
  3. broker-dealers,
  4. banks,
  5. savings institutions,
  6. credit unions,
  7. trust companies,
  8. insurance companies,
  9. investment companies as defined in the Investment Company Act of 1940,
  10. pension or profit-sharing trusts, or
  11. other financial institutions or institutional buyers, whether acting for themselves or as trustees.

NEB. REV. STAT. § 8-1101(7)(g)(i)(2017)


Viewing of these pages does not establish an attorney-client relationship. The information above is informational purposes only and should not be construed as legal advice. A lawyer should be consulted to confirm both applicability and any other issues that might affect or apply to your situation.