101
State IA firms, APPROVED
Montana StateRgstn/Rgltr jurisdiction MT: 102 registration rows for 102 distinct firm CRDs. Status rows include 1 TERMREQUEST; the published APPROVED count excludes it.
InvestorTrustHub · Montana
Montana Investment Adviser & Securities Intelligence
The Montana Commissioner of Securities and Insurance administers state investment-adviser and representative registration and federal notice filings through IARD. The adviser, notice-filing, exempt reporting adviser, individual representative, broker-dealer, agent, and enforcement populations have different grains. Registration status is not an endorsement or a trust rating.
Current IAPD jurisdiction counts
Counts below use Montana regulator jurisdiction fields in official IAPD compilation feeds dated 2026-10-14, retrieved 2026-10-14. They do not use principal-office location. A firm CRD is separate from a person CRD, and credential populations are not added together.
1,270
Federal notice filings, FILED
NoticeFiled jurisdiction MT, status FILED: 1,270 rows and distinct firm CRDs. A notice filing is not Montana state IA registration.
15
State ERA firms, ACTIVE
Montana ERA/Rgltr jurisdiction MT: 15 rows and distinct firm CRDs, all status ACTIVE. An ERA is a separate reporting category.
2,857
IAR persons, APPROVED
Individual-feed current-registration jurisdiction MT: 2,884 rows and 2,857 distinct person CRDs. Person records are not firms and are not added to firm counts.
Exact firm-CRD intersections in the same October 14 feeds: APPROVED state IA ∩ FILED notice 0; ACTIVE ERA ∩ FILED notice 0; APPROVED state IA ∩ ACTIVE ERA 0. Intersections describe shared CRDs across distinct regulatory classifications, not extra entities.
IAPD state feed · IAPD SEC feed · IAPD individual feed. SHA-256 values are retained with the Montana source recount artifact.
Broker-dealers, agents, and securities actions
The Montana CSI securities summary reports 1,229 broker-dealer firms licensed as of 2026-06-30. This is a dated summary metric, not a row-level roster or a current recount. Montana broker-dealer firm roster rows and broker-dealer agent rows are NOT_ACQUIRED. They remain separate from IAPD adviser firm and IAR person counts. FINRA BrokerCheck provides a public research path.
Montana securities orders and enforcement rows are NOT_ACQUIRED in this publication. No respondent was joined by name alone. A missing action extract is not evidence that no orders exist.
Existing canonical firm-spine matches are NOT_RECONCILED; the feed CRDs have not been reconciled against that spine. No canonical entities were inserted from this recount, so net-new entity writes are none.
Montana sources and limits
The Montana CSI securities program and registration-fee guidance describe state registration and notice filing routes. IARD is the filing system; it is not the state regulator. Montana jurisdiction counts above come from registration and notice fields, not office geography.
Feed SHA-256: state 3B0D6FC23CB8A1C0077F8FACEAD179114E245F10F73E15AEA68FE314D6B46954; SEC 90B88F8713D471F759FFC2663031FB476A0FD263B9004CC04E647E0A9ED4404F; individual 6E272CF6425143B4856730D4BFEDEE37134F3596555EB387B3892E4C45C0C4EA. Broker-dealer row-level population, agent population, and action corpus remain NOT_ACQUIRED. This statewide page does not rank firms or assign a Trust Score.