This report was developed to give guidance on the financial services industry and individual investors in deciding on the type of expert advice, to make best suits their needs. Although there are many professionals who provide investment advice in one form or another, there are certain rights and licenses, financial experts needs to have before them with their savings. We explore the various licenses and certifications, to determine what type of professional might be better suited to your needs.

Financial advisor, financial advisors, investment advisors, financial planners, registered representatives, brokers, agents or representatives are variable insurance products many terms in the financial services industry used to describe the professional activities. Commission or fee on terms that are thrown into the mix, leading to confusion among customers. In fact, a professional qualification, all these songs, all these services, we have identified, and work in a capacity fee or commission based with the client.

The National Association of Securities Dealers (NASD) is one of the clubs, which itself regulates the securities industry. The Securities and Exchange Commission (SEC) is the state agency, the NASD and the exchange serves as the New York Stock Exchange (NYSE). NASD licenses Registered Representatives, while the SEC or the offices of the individual securities investment advisors (RIAs) to register. Financial planners, financial consultants or other terms are used to describe financial services professionals are other ways to describe an RIA. Insurance agents licensed by the State Department, all banks and insurance companies. If the agent sells products of variables, such as variable annuities or unit-linked life insurance, they must also be licensed by the NASD.

The NASD has many licenses, but many professionals have at least one series of 65, which required a license is to NASD registered investment adviser in many states. That is the minimum, not short to allow everyone. A registered agent, the license is a minimum necessary for the NASD Series 6 This may sell its representative to obtain investment funds and an affiliation with a broker. can sell licenses for the variable insurance products, the representative also variable annuities or variable universal life energy.

To advise and make transactions of stocks, bonds, REITs and sales of limited partnership and mutual funds, variable annuities and unit-linked life insurance ETF Sales A registered agent must at a Series 7 license, and a variable life license. By obtaining a Series 63, disclosing all investment advisement relationships to their broker, and by registering with their state securities or the SEC’s Office, if the assets have more than 25 million, to a registered representative registered as a duplicate registration representatives and registered investment advisor. Once this stage has been reached, the investment adviser to show a client if the fees or commissions, compensation is best for the customer.


registered investment advisor