Become an Investment Advisor

There are many people who feel that to make moneycan be practiced independently. It also looks terrific on
in todays market and in the future, you must work offa resume and only takes 4-6 weeks to study for. If
of advisory fees and not commissions.you are looking to add financial credentials prior to
An Investment or Financial Adviser is someone whoentering the securities business, the Series 65 is a
manages a portfolio or advises a person what to do ingreat license to get. It is a multiple choice test and no
their portfolio. For these services, an Adviser can retaineducational pre-requisites are required.
a fee for doing so. They operate much like anA few states do not require an individual to hold a
Accountant or an Attorney would. Rather than directlySERIES 65 to practice investment advice but it is a
sell a security for commission, they will receive a fixedgood idea to get it anyway. You want to be aware of
percentage of the assets they manage. The licensecertain rules and background of the industry. The
that most of them receive is the SERIES 65licensing curriculum will explain all of the securities that
(Registered Investment Advisor). What makes thisapply. It is also a good "Title" to practice business
arrangement attractive for the Adviser is that yourunder. Thousands and thousands of CPA's, Lawyers,
income stream is much steadier. Your fees are set soand other professionals have obtained their SERIES 65
if a customer is not particularly active, you still retainlicense and became Financial Advisors. The ability to
the normal advisory fee you charge.offer investment advice to their existing clientele has
The arrangement is equally beneficial to the customer.proved to be very beneficial to their business.
A customer does not feel the same pressure to buyYou are not allowed to work on commissions and
as they would from a commission Stockbroker. Aadvisory fees from the same client. The SEC views
Stockbroker does not make money unless athat as "double charging", so you should decide what
customer buys or sells.route is best for you. As said earlier, many feel the
The SERIES 65 does not need to be sponsored and"fee route" is the best way to go now.