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Investment adviser representatives are individuals who work for and give advice on behalf of registered investment advisers. The primary responsibility of an IAR is to provide investment-related advice as a financial advisor or financial planner.Individual investment adviser representatives, whether they work for SEC or state-registered investment adviser firms, must be registered under state law. An Investment Adviser Representative (IAR) is an individual who works for an investment advisory company (e.g. Information about investment adviser representative registration in Washington state. In reliance on sub rule 451.4. The Division is structuring the exam to be conducted on this population on a four-year cycle. Investment adviser representative and each designated principal registration. An investment adviser or investment adviser representative is a fiduciary and shall act primarily for the benefit of its clients. IARs require strongly developed skills in finance, as well as certification at the state and federal levels.