Series 65 / IAR Registration · Oregon
Series 65 in Oregon: Registration Requirements
Everything you need to register as an Investment Adviser Representative (IAR) in Oregon: which exam qualifies, fees, financial requirements, and whether your professional
designation can waive the Series 65. New to the exam? Start with what the Series 65 actually covers or our step-by-step IAR registration guide.
Credential Waivers in Oregon
Oregon waives the Series 65 exam for IAR applicants who hold one of the following credentials in good standing:
- CFP
- CFA
- ChFC
- PFS
- CIC
Oregon waives the Series 65 exam for IAR applicants who hold a CFA, CFP, ChFC, CIC, or PFS designation in good standing. The credential must be current at the time of registration. Applicants licensed as an IAR in another jurisdiction within the previous two years are also exempt.
See our full guide to Series 65 exam waivers (CFP, CFA, ChFC, PFS, CIC) for the credential-by-credential rules and how to file.
Oregon IAR Registration at a Glance
- Qualifying Exam
- Series 65 or Series 66 (with Series 7)
- Registration Fee
- $50
- Annual Renewal
- $50
- Continuing Education
- 12 credits annual
- Surety Bond firm-level
- Not required
- Net Worth Requirement firm-level
- Not required
- Filing Method
- IARD
- De Minimis Exemption
- Up to 5 clients / 12 mo
- State vs SEC AUM Threshold firm-level
- $100M ($100M federal default)
- Prior-Registration Reciprocity
- 2-year window from prior IAR registration
IARD Renewal Window
IAR registration in Oregon is renewed annually through the IARD system on the same cycle every state uses:
- Early November: Preliminary renewal statements post on FINRA Gateway.
- Early December: Preliminary statement payment deadline (early December each year; submit a few days before to allow processing).
- January 1: Registrations not funded by the December deadline are terminated for the new year.
- Early January: Final renewal statements post, reflecting any post-deadline changes.
- Late January: Final statement payment deadline.
Exact 2026/2027 dates are published in the annual IARD Renewal Bulletin. Verify current dates at iard.com/renewal-program.
What's Specific to Oregon
- Oregon accepts either the Series 65 or the Series 66 (paired with the Series 7).
- Holders of CFA, CFP, ChFC, CIC, or PFS may register as an IAR without passing the Series 65.
- IARs registered in another jurisdiction within the previous two years are exempt from the exam (codified reciprocity).
- IAR CE: 12 credits per year (6 Products & Practices + 6 Ethics); Oregon was an early adopter of the NASAA model rule, effective January 1, 2023.
- IAR initial license fee is $50; annual renewal is also $50 (effective January 1, 2026).
Last verified: 2026-05-05
Which exam do I need for IAR registration in Oregon?
Oregon accepts the Series 65 or Series 66 (with Series 7). Oregon also waives the exam for holders of these credentials in good standing: CFP, CFA, ChFC, PFS, CIC.
Does Oregon waive the Series 65 for CFP holders?
Yes. Oregon waives the Series 65 for active CFP holders in good standing. Oregon waives the Series 65 exam for IAR applicants who hold a CFA, CFP, ChFC, CIC, or PFS designation in good standing. The credential must be current at the time of registration. Applicants licensed as an IAR in another jurisdiction within the previous two years are also exempt.
What does it cost to register as an IAR in Oregon?
Oregon's IAR registration fee is $50 with a renewal fee of $50. Additional IARD system fees apply at the federal level. Annual renewal runs through IARD: preliminary statements post in early November, payment is due in early December, and final statements are reconciled in late January.
Does Oregon require continuing education for IARs?
Yes. Oregon requires 12 IAR CE credits annual (6 Products & Practices + 6 Ethics & Professional Responsibility) under the NASAA model rule.
How many Oregon clients can an out-of-state adviser have without registering?
Up to 5 Oregon clients in any rolling 12-month period, provided the adviser has no place of business in Oregon. Oregon offers a separate exemption for advisers who conduct no public advertising or general solicitation in the state and whose only Oregon clients are accredited investors; a different framework from the standard client-count rule.
Does prior registration in another state qualify me for Oregon's exam waiver?
Yes. Oregon exempts applicants who have been actively registered as an IAR in another U.S. jurisdiction within the past 2 years. The reciprocity does not apply if your registration has lapsed beyond that window.
When does an IA firm based in Oregon have to register with the SEC instead of the state?
Oregon follows the standard federal "mid-sized adviser" rule: state-registered up to $100M RAUM, must register with the SEC at $110M, and may stay state-registered until dropping below $90M after SEC registration.
Sources & Verification
This page was last verified on 2026-05-05. Fees, CE, and waiver rules change. Always confirm with the regulator before relying on these figures for an actual filing.
- Oregon Division of Financial Regulation (DFR): https://dfr.oregon.gov/Pages/index.aspx
- NASAA (exam waivers, IAR CE model rule, and state IA registration index): nasaa.org/industry-resources/investment-advisers
- IARD (annual renewal program and bulletin): iard.com/renewal-program