Once I pass the Series 65 test am I ready to conduct business?
No. Just passing the Series 65 exam is only one of the steps in becoming registered as an Investment Adviser Representative. Each state has its own requirements and they all must be met before you can solicit. The test center will give you a copy of your scores. Your record of passing the exam is also kept by FINRA’s “CRD” system for two years. Keep a copy of your score sheet for your own records.
General steps are:
- pass the Series 65 exam
- pay an application and an annual registration fee to the necessary State(s)
- file a disclosure document (sometimes referred to as an “ADV”)
- receive a letter saying your are registered.
If you need help in creating a disclosure document, contact us.
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