63 compared to the 66
My firm will only sponsor me for the 63 and not the 66. Is this a bad thing?
If you are NOT doing fee based work, you have no need for the 65 or66. That me be why your B/D won't sponsor you.
The 66 will give you a lot more options. You can always get that certification in the future, by taking the 65 (Series 66 = 63 +65).
There is a massive move in the industry towards fee based business. The argument is that it is better for the client, broker, and firm. Without a question, it is definitely better for the firm. From the broker's stand, it does indeed free-up your time to gather additional assets. The client may or may not benefit from fee-based business; it really depends on their needs.
From a personal standpoint, when I was on the client side of the table, knowing what I know now, I wish my broker would have put me in a fee-based program and managed the managers. He wasn't very good at playing portfolio manager, and it showed.