Which license should i get?

Question

I am looking to offer financial advice through my own company online. I noticed that to get a series 7 I would need to be sponsored. Obviously I cannot get sponsored if I am just looking to start my own business. I also noticed that series 66 requires a series 7.

What is the reason to get both the 63 and 65 (I live in California). Is there any reason to get both instead of one or the other? If I don't need both, which one should i get.

Also, why would anyone get the series 7 after they have gotten 63, and 65, what does 7 allow you to do that the others don't?

Thanks for any help you can give me.

Answer 1

If you're going to provide investment advice to the general public for which you will receive a fee and/or a commission you must be either licensed through a broker/dealer or you must be registered with the Securities & Exchange Commission.

All the "series" licenses are for those empolyed by or sponsered by registered broker/dealers.  If you don't want to do this route you will have to apply for registered with the SEC

You can go to the SEC's website for full registration details.

If you going to put yourself out there as a financial advisor, you will have to play by the rules and get yourself either licensed or registered