To reiterate: yes, you have to register with the state if you are an investment advisor representative at a federal covered advisor. There's no state exemption for you.
So register if you have a place of business in the state or more than five non-institutional investors. Pretty simple, really.
You should also brush up on the rules governing visits to other states; if you regularly go to another state and meet with clients, or if you advertise the fact that you can meet up with people in that...
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