The reason you sit for the Series 65 exam is to charge fees for your services; if you sit for the 7 and 66 exams your intent is to charge commissions of the securities your clients buy and sell through you (and your firm) in addition (or in lieu of) fees for your services. […]
Form U-4 has a box that can be checked that indicates the certification that you hold. The CRD computers then check databases of all active certificants prepared by the certifying organizations.
Most states will waive the Series 65 exam if you hold one or more of the following professional registrations:
CFP - Chartered Financial Planner (CFP Board […]
A CERTIFIED FINANCIAL PLANNER™ Professional helps individuals determine whether and how they can meet their life goals through the management of financial resources. To do this a CERTIFIED FINANCIAL PLANNER™ Professional analyzes where the individual is financially, where they want to go, and how do they get there.
In most cases a CERTIFIED FINANCIAL […]
The Chartered Financial Analyst registration is a globally recognized standard for measuring the competence and integrity of financial analysts. The curriculum develops and reinforces the knowledge of investment principles. Three levels of examination (one test/level each year for three years) measure the candidate’s knowledge. The exam is given the first Saturday and Sunday of […]
Stockbroker, financial consultant, financial advisor, securities broker — these are all general terms used by individuals and brokerage firms alike, to refer to a regulatory term of “registered representative” — or shortened to “registered rep”. A registered rep is an agent of a broker/dealer who is paid commissions on the trades placed through the […]
To become a Futures Introducing Broker you:
Set up a clearing arrangement with a Futures Commission Merchant (“FCM”)
Pass the Series 3 exam
Join the NFA as an Introducing Broker
The NFA requires an IB to have a net worth of $45,000.00. If the proposed IB doesn’t have the capital necessary, it may establish a “Guaranteed Introducing Broker” […]
A Registered Investment Adviser (”RIA”) is an entity who, for compensation (in any form), engages in the business of advising others, either directly or indirectly, of the value of securities or of the advisability of investing in securities. They receive a management fees and do not receive commissions (”RIAs receive fees, stockbrokers receive commissions”). […]