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An investment adviser with no place of business in the State is exempt from registration if it renders advice solely to employee benefit plans with assets of at least:

User Alcohol
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Answer:

$1,000,000

Step-by-step explanation:

The investment adviser who doesn't have any place of business in the state and offers his services to only employee benefit plans with assets of assets at least $1,000,000 are exempt from registration. If the asset value exceeds this limit then the investment adviser will be required to register itself.

User Bluefoggy
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