Who to become free from fember firms

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Jun 20, 2007 3:02 am

Hi everybody!

Simple question. I’m interested in advising my clients on building a mutual funds based portfolio.

Do I have to take any other exam besides the Series 7?

Can I Just be a private rep, advising clients? or I need the 66 for that.


Jun 20, 2007 8:05 am

"Who to become free from fember firms"

Regardless of your grammar and spelling, you only need the Series 6 to sell funds. You need the 7 to sell stocks and bonds. And you need the 66 to label yourself an "advisor."

Jun 20, 2007 2:43 pm

And some states require the Series 63.  You will need to be affiliated with a broker/dealer to take these exams and work with clients, with these licenses.

Jun 20, 2007 3:03 pm


He wants to advise clients.  There is no reason for him to affiliate with a B/D.  He doesn't need to take any exams that require B/D affilliation.