Licenses between jobs

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Feb 19, 2009 12:04 pm

I didn't think there was an issue with licenses if you are between jobs, but on another thread it looked like someone said they needed to be transferred in 30 days. Is this true?



What happens if they aren't transferred in this time frame? I'm talking to Jones right now, and their hiring process is pretty slow, so I'm sure since my u-5 was sent from NatCity on Feb 5th, I won't be hired within 30 days. Also, I read where a couple of guys accepted their offers but weren't starting for a month and a half. Is this the norm with Jones?





Feb 19, 2009 12:31 pm

Relax...you've got two years to move your licenses.

Feb 19, 2009 12:36 pm

Thanks! I about had a heart attack when I saw that.

Feb 19, 2009 11:08 pm

I saw in a previous post you live in Louisville. I work for Merrill in Florida, have been for almost 3 years, but looking to make the move pretty soon to be with my gf once I find a job. If you're looking to get sponsored for your 7 EJ is probably the best bet b/c the merrill office there is on a hiring freeze (i interviewed with them). I dont know of any other places that will pay you a base while you study unless maybe morgan stanley or UBS. 

Feb 20, 2009 7:11 pm

Some firms will wait the 30 days prior to submitting your registration through CRD. Your previous firm does have up to 30 days to complete your u-5. It's unusual for firms to allow you to hold two registrations.

Feb 23, 2009 5:45 pm

I see. Apparently NatCity is on top of u-5, because my licenses were terminated the Friday of the week I left, and I left on Wednesday!



Wachovia just called me back, and I am meeting with Hilliard tomorrow.

Feb 23, 2009 7:37 pm

Hilliard is a nice little regional...privately-owned I believe.  I'd give them a hard look.  A friend of mine works there and seems very happy.

Feb 23, 2009 9:07 pm

Thanks for the advice! I have talked to a recruiter in person person about the financial consultant job. Tomorrow I am interviewing with someone else for the position of "transition specialist." It's actually an admin job helping new FCs get set up in their new offices.

Feb 23, 2009 9:08 pm
Royalewitcheese:

I saw in a previous post you live in Louisville. I work for Merrill in Florida, have been for almost 3 years, but looking to make the move pretty soon to be with my gf once I find a job. If you're looking to get sponsored for your 7 EJ is probably the best bet b/c the merrill office there is on a hiring freeze (i interviewed with them). I dont know of any other places that will pay you a base while you study unless maybe morgan stanley or UBS. 

 
You've worked for Merrill in Florida for three years and interviewed with the Louisville office to transfer there but were denied due to a hiring freeze?