New to this finance field/series 7

Chris0854

Chris0854

Hey guys so just wanted to ask around on the forum and see how good of a field this is. I'm currently a cop and as of last year I realized it' not for me. What I'm interested in is not just money, I make fine money now, but more towards a career that gives me freedom and rewards you for your hard work. I have to pass the series 7 to get a advisor job as of right now.

I'm trying to study the series 7 and holy crap it' so much stuff how do people do this with no background whatsoever?

Anyone in my shoes before, are you happy with the change? I'm 26 so I wanna find my niche
 
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Do you have a 4 year degree? What broker will sponsor you for the 7? You will have to take a lot more than your 7 to make it as as advisor. You will also need your Series 66 and insurance exam. Then , you will need training to know more than your clients.

Not a quick solution. Takes years to build a business that way.
 
Robert Morse said:
Do you have a 4 year degree? What broker will sponsor you for the 7? You will have to take a lot more than your 7 to make it as as advisor. You will also need your Series 66 and insurance exam. Then , you will need training to know more than your clients.

Not a quick solution. Takes years to build a business that way.
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Hey thanks for the response, I found a BD willing to sponsor me for the 7 and was told as long as I have the 7 it covers the 6. I will allowed to keep my current job until I build my book of business. The owner of the firm is willing to mentor I just need the 7 lincese.
 
sss12 said:
The number 1 question you have to ask and answer yourself is....where am I going to get clients ?!! There is no right answer, but there must be an answer.
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Well I was gonna start with fam and friends then just cold call honestly.
 
Chris0854 said:
Well I was gonna start with fam and friends then just cold call honestly.
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It is old school but many have done it that way.

But, not knowing who your friends and family are, unless they are really going to back you and move substantial assets to you to manage that route may be limiting.

Cold calling is highly regulated these days...do not call lists need to be crossed ref , etc.

Most new FA's are coming from other careers and trying to network those contacts, with mixed results.

Will the owner of the firm be willing to transition clients to you ?
 
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