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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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Washington, D.C.

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

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Yes, unless the adviser’s only clients in Nevada are investment advisers, broker-dealers or financial or institutional investors.

NEV. REV. STAT. ANN. § 90.340(1)(a)(1) NEV. REV. STAT. ANN. § 90.340(1)(a)(2) NEV. REV. STAT. ANN. § 90.340(1)(a)(3)

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

5 current or prospective clients. NEV. REV. STAT. ANN. § 90.340(1)(a)(3)

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

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Financial or institutional investors are: depository institutions; insurance companies; separate accounts of an insurance companies; investment companies; employee pension, profit-sharing, or benefit plans with total assets over $5,000,000 or if its investment decisions are made by a named fiduciary; or any other institutional buyer.

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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.