Question: What Licenses Do You Need To Be A Financial Advisor?

The Series 6 exam from FINRA is also known as the Investment Company and Variable Contracts Products Representative exam, or IR.

Should a financial advisor pass it and earn their Series 6 license, they would be able to sell specific types of securities: Mutual funds, insurance premiums, and variable annuities.

Do you need to be licensed to be a financial advisor?

While financial advisors do not have to be licensed to provide advice, they are generally required to have various securities licenses to sell investment products.

How long does it take to become a financial advisor?

To become a Certified Financial Planner, one must hold a bachelor’s degree, complete a CFB Board-registered course of study, gain three years of experience as a financial advisor, and pass a certification exam. How long does it take to become a financial advisor?

Can I be a financial planner without a license?

Although there is no specific license for financial planners, obtaining one of the planner professional certifications shows clients you have the knowledge to provide useful planning advice.

How do I get started as a financial advisor?

The Financial Advisor Career Path

  • Earn a bachelor’s degree. You need a bachelor’s degree to become a financial advisor, but it doesn’t need to be in a specific major.
  • Consider an internship.
  • Acquire the proper certifications and licenses.
  • Find your first job.
  • Want to become a certified financial planner instead?