# kaal:claim:2337268-007

**Claim.** A broker dealer who holds himself or herself out as a financial planner does not thereby trigger registration obligations under the IAA.

**Type.** condition  **Support.** asserted

**Holds when.**

- broker dealers holding out as financial planners

**Source quote.**

> A broker dealer holding him or herself out as a financial planner alone does not trigger IAA registration obligations.14

**From.** Wulf A. Kaal, *Investment Adviser Regulation* (2013), 1. Definitions, page 6

**Cite as.** Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

**Verify.** sha256 of source PDF `7075ce35282a8ee75b81ae3dec0e19f68631beae7f3c3a00ab2827538dc9e302` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Investment%20Adviser%20Regulation.pdf

**Topics.** securities-law

**Keywords.** broker-dealer-exclusion, financial-planner, registration, holding-out

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