Crack an egg, teach someone to drive a snowmobile, brew your own beer - Oregon cares. And it has a license for that. Business-owners in one of the most license-heavy states in the Union, need to carefully research the many requirements of their state, county and local governments before doing business. After all, you can't make an omelet without cracking a few eggs -- but you can't do that without applying and paying a fee.
In Oregon, investment Advisers provide financial advice and perform securities transactions for an annual flat-fee from their clients. This is designed to make it so advisers do not hold a personal stake in performing transactions and therefore give their clients the best possible advice. Still, the federal government licenses and monitors investment advisers as do state regulators.