None-sales-related jobs with a Series 7

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Dec 18, 2009 9:24 pm

what non-sales-related jobs can you land in the industry with a Series 7? or maybe i should rephrase... what jobs that arent sales related require a Series 7 license?

Dec 19, 2009 1:35 am

Back Office 35k a year plus benefits!

Companies want guys to bring in assets, every other position is replaceable. 
Dec 19, 2009 5:54 am

Outfits like the Scotttrades of the world will let you sit in a branch office for 50k to basically assist customer concerns and help open new accounts that walk in.

Dec 19, 2009 8:18 am

Ric Edelman and Associates.  Be warned, in addition to series 7 you'll need to understand dollar cost averaging and Roth IRAs.

Dec 19, 2009 10:31 am

And after they fail at a bank and get their licenses stripped for unethical practices they sell Indexed Annuities and post pictures of Rolex's they stole from a 70 year old prospect because the guy wouldn't buy his sh*tty product.

Dec 19, 2009 10:54 am

Hey now.. I use EIAs and I have a license and I don't work at a bank...

 
EIAs have their role.. From what Bio says, he sells them right.. some people don't..I have a friend who uses the Jackson Natioanl EIAs with a 5% cap because it pays him more than another company that has a 6 0r 7% cap...
Dec 19, 2009 11:13 am

I am just defending myself against this stroke.

Dec 19, 2009 11:22 am
NOVA:

Ric Edelman and Associates.  Be warned, in addition to series 7 you'll need to understand dollar cost averaging and Roth IRAs.

 
Whats the deal with these guys? I ran into the name last week, there is an office near me. Are these guys registered reps who dont sell?
Dec 20, 2009 1:57 pm

Client Associate position at the wirehouses or a Bank Broker's registered asst...aka glorified secretaries, but hey it's stable pay.

Dec 20, 2009 1:59 pm

Did you steal those from an 80 year old ? Post a picture of your boyfriend next.


Why do you even come to this site ? You don't need to learn anything because you know it all. You have enough money to buy and sell all of us (so you claim). You should be laying on a beach somewhere. What gives ? And Bank Brokers are stupid.
Dec 20, 2009 2:48 pm

Its not impressive to have a watch you bought off some dude in a trench coat in NYC and a $750/month lease on a Benz. From where you come from that may be cool, but in the long run a positive net worth makes more sense. That fine, to each their own.

Dec 20, 2009 7:25 pm

Tell us more, please tell us more!


Nobody worth their salt brags about possessions or income on an internet forum. Nobody.
Dec 20, 2009 11:34 pm

Keep going......

Dec 21, 2009 9:54 am

I posted this question with hopes of finding some advice. I get notices in my inbox that a reply was posted to my topic, i get all excited, and this is the bullsh*t i find. ppl, please, if you just want to f*** with each other then take it elsewhere. if anyone has some answers to the question i posted, your input would be much appreciated.

Dec 21, 2009 5:35 pm
BioFreeze:

Here's the gold Audemars Piguet and the key to the Benz, bankboy. You'll have to open a lot of checking accounts to get this stuff...

Good grief that watch screams Bio-sleeze... Gold is old and that watch looks 20 y/o, you gotta get on the platinum train man. You see any rappers with gold in their mouth any more?

 
p.s. nice ride though if you got the AMG package?
Dec 22, 2009 7:53 pm
Ron 14:

And after they fail at a bank and get their licenses stripped for unethical practices they sell Indexed Annuities and post pictures of Rolex's they stole from a 70 year old prospect because the guy wouldn't buy his sh*tty product.


Hah I think I knew that guy, except for the Rolex part.
Dec 22, 2009 7:57 pm
twoeyeguy:

what non-sales-related jobs can you land in the industry with a Series 7? or maybe i should rephrase... what jobs that arent sales related require a Series 7 license?

Lots of jobs out there that look for a Series 7.  Back office jobs, jobs at wholesalers, etc.  Actually even in this environment people are hiring.  Just look on Monster.com.  Being an FA is definitely not for everyone.  And it is not the only job in the world worth doing.  Good luck.
Dec 26, 2009 3:30 pm
vbrainy:
twoeyeguy:

what non-sales-related jobs can you land in the industry with a Series 7? or maybe i should rephrase... what jobs that arent sales related require a Series 7 license?

Lots of jobs out there that look for a Series 7. Back office jobs, jobs at wholesalers, etc. Actually even in this environment people are hiring. Just look on Monster.com. Being an FA is definitely not for everyone. And it is not the only job in the world worth doing. Good luck.

a wholesalers job is even more of a sales job than advisors. =) But I would agree, a back office job as a professional order taker. A licensed sales assistant to an advisor is also preferable.

Jan 3, 2010 11:29 am
Ron 14:

Tell us more, please tell us more!


Nobody worth their salt brags about possessions or income on an internet forum. Nobody.
 
Ron,
He's 100% for real and helped me more than the training dept x 100. A good part of the T12 I have that so many find to outrageously high to believe was due to his help IMHO.
 
I'm owe him a great debt.
 
Jan 3, 2010 12:12 pm

Back to the subject at hand.  I know this will probably get a negative reaction, but you can jump into Compliance with a Series 7.  Start at a large firm for little pay, gain as much knowledge as you can and get into the RIA Compliance side.  Once you get some experience under your belt, you can go work for a RIA and make really good pay.  Of course, you won't make as much as some of the rain makers on this board, but you will be pulling in 6 figures for a normal work schedule.

 
Of course, you will be responsible for a firm's compliance and liable if anything goes wrong.