My husband wants be a stock broker, what can he do to learn?

Question

My husband has been studing the stock for a month by buying and selling online. He wants to attend a course to learn more so he can start working as a broker. Would anyone know any good courses within Los Angeles? ( he doesn't want to take online course)

Answer 1

they have greice financial training here in NY< but I'm sure there are courses. look into series 7 training. He will need a firm to sponsor him which usually requires him to work for them. you can buy the review books.

Answer 2

You can take all the courses you want.

The company that hires you MUST sponsor you for the Series 7 course. You're wasting your time UNLESS you are studying to pass the series 7

Interview at the major stock market houses.

Schwab, T.D. Waterhouse, Merrill Lynch, Scottrade, etc.

P.S. The bear has just started, now is the absolute WORST time to become a stock broker. Sorry, just telling it like I see it.

Answer 3

In the US - You need to be an employee of a Broker/Dealer so they can sponsor you in order to become a licensed stock broker.  

Firms usually want college graduates, but it is not really necessary nor really a requirement but many firms like it and make it their requirement.

Bank broker/dealers usually want all the sales reps to be college graduates.

You should be good at math and have a decent idea about the stock market.

You should be good at selling, and it would help if you have an outgoing personality.

So if you‘re good at sales, or have a good sales background in place of a college degree, you’re part way there.

Try to get with any major brokerage firm they will put you through an in-house training program, which is primarily getting you ready to take the necessary test for licenses. You will need a Series 7 which is a General Securities Brokers test, and a Series 6 which is just for state approvals.

Most brokerage firms, except bank B/Ds, will put you on salary and once you have passed the test, they will slowly take you off salary and put you on commission basis pay out. Banks will usually keep you on salary.

If you have your choice, you’re always better going to work for a regular B/D rather than a bank - You will learn, faster, better and the proper way of how the industry works. As a broker for a B/D you can always find another B/D that will hire you or at the worse, you can always work for a bank.

But if you’re Bank B/D trained and licensed, it’s very difficult to go work for a regular B/D

Good luck, go try it, you may like it

Answer 4

Stock brokers are going to be an extinct species before long.  Times change.

Answer 5

The best place to receive experience would be to contact local brokerage offices and see what is available. If your husband has some serious money in the family as a start, he will not have to cold-call strangers seeking customers willing to invest through him. Starting from scratch is a hard road. The brokers already in place will have first choice on walk in customers.

Answer 6

There are various study guides you can buy.  The only way to become a broker is to get hired by a brokerage firm and get into their broker trainee program.  They will provide all you need to know to pass the exams and become a broker.  Its not about trading.  Its about being a salesperson.