Personal Financial Planning

The SEC and the North American Securities Administrators Association waived—through October 31, 2006—various system fees certain investment advisers and their representatives pay for mandatory registration in the Investment Adviser Registration Depository (IARD). The IARD enables firms and their representatives to satisfy federal and state regulatory requirements with one electronic filing and gives investors access to detailed information on advisers’ services, fees and disciplinary records ( www.sec.gov/news/press/2005-145.htm ; www.iard.com ).