Merchant Cash Advance State Availability

State Availability and Licensing Requirements for Merchant Cash Advance
Green States You must have at least one financial license (Life Insurance, CPA, CFP, Series 65)
Yellow States New Business in the State of Texas is temporarily suspended. Please check back for updates. Last updated 11/15/2017.
Red States This product is not available in this state.


Please note that securities licensed individuals must disclose their outside business activity on their U-4 or from ADV and provide a copy to AAI. Alternatively, Series 65 licensed RIA's may choose to charge a fee to their clients and receive no marketing fee from AAI.

*RIA's can only charge a fee in the state of Texas, no other transaction based compensation can be paid unless the RIA is dually licensed with a Broker Dealer.