New Mexico Investment Adviser Licensing Application-State and Federal Covered is an application process for individuals or entities who wish to become registered investment advisers in the state of New Mexico. The application process is administered by the New Mexico Securities Division and includes both state and federal registration requirements. There are two types of New Mexico Investment Adviser Licensing Applications. The first is the State of New Mexico Investment Adviser Licensing Application. This application is required for individuals or entities who wish to conduct business in the state of New Mexico. The application must be completed with the required disclosure documents, fee, and any other accompanying materials. The second type of application is the Federal Covered Investment Adviser Licensing Application. This application is required for individuals or entities who wish to conduct business in more than one state. This application must be completed with the required disclosure documents, registration fee, and any other accompanying materials. Keywords: New Mexico Investment Adviser Licensing Application, State of New Mexico Investment Adviser Licensing Application, Federal Covered Investment Adviser Licensing Application, Securities Division, Registration Fee, Disclosure Documents.