- The first step is to complete a form U-4. If you are already securities licensed you can use this form to transfer your licenses from one broker/dealer to another. If you are not licensed, this form serves as an application to test for a securities license.
The first exam you will need to complete is the Series 7 exam. The Series 7 is the securities license that allows a financial advisor to sell mutual funds, stocks, bonds, options and limited partnerships.
After completing the Series 7, you will want to acquire the Series 66 license. The Series 66 is the combined state securities law (Series 63) and Investment Adviser Representative (Series 65) exam. These licenses, along with other registration requirements, allow you to work with your clients on a fee basis.
Once you are licensed for securities and fee-based services, the next step is to become licensed for insurance services. Insurance is a very important part of the total wealth management services you offer your clients.
- You will also need to fill out an affiliate agreement, which is an at-will agreement between you and 1st Global. Choosing the broker/dealer you affiliate with is a very important decision. This brokerage firm will, in effect, be your business partner in implementing financial services into your practice.
If you are not currently licensed, it should take between 45 and 75 days to complete your licensing process. We will also assist you with obtaining your insurance licenses to offer life, health and variable insurance solutions. |
