What series (ie 7, 65 etc) do you need to go RIA?

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Aug 20, 2008 12:10 am

Do you need the 7 or is the 65 fine?

Aug 20, 2008 1:15 am
iceco1d:

The  65 is to form your own RIA, or be an IAR at someone else's RIA.  You are allowed to provide advice for a fee...not sell products or securities.

 
The 7 is to be a registered rep of a broker/dealer.  You are allowed to sell securities, but only provide advice that is incidental to the sale.  The 7 must be coupled with the 63 (state license) or the 66 (the 63 and 65 combined). 
 
You sound like you should work for the SEC or FINRA. 
Aug 20, 2008 5:40 pm

Would he need a supervisory license like the 9,10 or 24?

Aug 20, 2008 5:49 pm
henryhill:

Would he need a supervisory license like the 9,10 or 24?


No.  Not for an RIA.