While those are fine places to start off and build up your experience and client lists, chances are you will want to move on at some point to more exclusive shops, or possibly even to open your own investment advising firm by filing as an IA with DFI. Registered representatives of broker-dealer firms, also called stockbrokers, broker-dealer agents, or securities agents, also are required to register with the Department of Financial Institutions as well as with a Self Regulatory Organization SRO.
Most BD firms will require reps to hold a Series 7 license, but other possible product examinations offered include:. These include a Regulatory Element, consisting of a computer refresher program taken after holding registration for two years. Every three years after that, registered reps must take the Regulatory Element again, as it is frequently updated to reflect regulatory changes in the industry. In addition, BD firms must offer the Firm Element portion of CE to employees to keep them informed of changes that may influence sales practices and product offerings.
Those who wish to sell life insurance and fixed annuities in Wisconsin must register through the Wisconsin Office of the Commissioner of Insurance. Pre-licensing education, which may be completed via approved self-study or classroom-based courses, must be completed prior to licensure. The pre-licensing study here is rigorous, involving at least 20 hours, split between 12 hours of policies, terms and concepts, and specific insurance laws, with the other 8 being devoted to general insurance laws and ethics.
Applicants may be exempt from pre-licensing education requirements if they can produce the following:. A minimum of three of those hours must cover ethics in insurance. No additional pre-licensing education or examination is necessary for this license through the Wisconsin Office of the Commissioner of Insurance. However, as this does involve selling securities, registration through FINRA and a securities license is mandatory, which means passing the Series 6 or Series 7 exams.
Featured Programs:. Request Info. Sponsored Content. The following steps cover both scenarios. Investment Adviser Representatives: If the Series 65 Exam has been completed, no additional continuing education will be needed.
An updated Form U-4 is required regardless of whether you operate as a sole proprietor or as a firm employee. The difference between the two is that a firm employee will provide their SAA with the documents that need to be updated in the system and a sole proprietor will update the information on their own.
Form U-4 updates take place when changes occur to the following:. Featured Programs:. Request Info. Search CFP Board. Search Toggle. Close Menu. Get Certified. Get Started Certification Process Overview. Education The Education Requirement The two-part education requirement includes both 1 completing coursework on financial planning through a CFP Board Registered Program, and 2 holding a bachelor's degree or higher in any discipline from an accredited college or university.
Quick Facts Average time to complete the coursework requirement: months. More on the exam requirement Find exam resources. Experience The Experience Requirement The experience requirement prepares you to provide personal financial planning to the public without supervision. More on the experience requirement Report your experience. More on the ethics requirement More on Our Commitment. Which path best matches you? I'm a Career Changer.
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