Sponsor for Independent Newbie?

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May 29, 2005 12:56 pm

Information and advice please:

I am a 50 year old female, just sold a business, thinking about new ways to stay out of trouble. I've always managed my own investments, enjoyed it and done quite well. 

I don't want to take a "traditional" job, having already done my time with the 80+ hour workweeks.  My personal financial situation is very comfortable because of my business sale and a disciplined, debt averse financial strategy over the years...and a little bit of good luck of course.

 I've thought about becoming an investment advisor but would only desire to serve a selective clientele (friends and family, no need to pound the pavement and drum up leads). These are people who are encouraging me to go in this direction, ready to give me their portfolios to manage.  I have looked at Jones, American Express, UBS, but all seem to be too rigid for me and certainly require a full time (or more) commitment.

I assume that the Series 7 and Series 63 (for each state in which a client resides) is needed for what I'd like to do - and so is a Series 7 sponsor. Are there organizations such as networks of independent brokers (to which I'd belong once licensed) who sponsor individuals in situations such as I describe? I'd fully expect to pay all of the fees associated with my licensure.

I've read several other postings on this topic, but none seem quite relevant to this situation. I'm not especially worried about the exams, I'm a good student and a disciplined, focused person who has successfully completed a number of complex certification and licensure tests over the years.

By the way, I reside in South Florida in case that matters. Thanks for any and all insight or wisdom.

May 29, 2005 6:10 pm

Try quest capital, they are happy to sponsor those who wish to work part time…good luck

May 29, 2005 7:44 pm

Thanks much- already sent an email. Any other suggestions are welcome as I believe I need to cast the net as wide as possible.

Jun 2, 2005 4:50 pm


I am just a bit younger than you and left a successful career in the Financial field.  I chose Raymond James after interviewing and researching all the other fields.  I did it because you own your book from day one, also you can become independent and still work for RJ.  Virtually no reason to leave. 

Problem I found with all the other companies is that they had a very rigid boot camp program geared to young kids with no families.  RJ gave me a flexible work schedule and training geared to someone at my professional level.

Check them out.  Good luck.

ps. you may want to see the Series 7, and 66 books before you make a decision to enter this field.  These tests are not for the faint at heart.  Tough test and tough material.  But I did it all in 8 weeks and if you have the desire (and brains) you can do it too.