Series 65 - may be required soon of everyone in the securities business soon, watch the recent news updates on Dodd Frank implementation. Fiduciary is the new buzz word.
Series 6 - Most BD's require 100k production, that's not assets, that's commissions. Good luck doing anything but securities "production" if you get hooked up with a BD
65 requires a lot more compliance nowadays due to Dodd Frank, to the point that I did not register my RIA this year since I'm no longer managing assets and the 2k no longer made sense.
Best model = Fee offset. Health insurance is the best door opener, spin them to an HSA, talk other assets, charge a fee to manage the assets, place all insurances, offset your fee by the amount of commission. Client for life
With a 65 and insurance license, you can sell everything in the world and get paid on everything (fee or commission), except a variable annuity and variable life. There are no load 529's that you can charge a fee.
Series 6 - Most BD's require 100k production, that's not assets, that's commissions. Good luck doing anything but securities "production" if you get hooked up with a BD
65 requires a lot more compliance nowadays due to Dodd Frank, to the point that I did not register my RIA this year since I'm no longer managing assets and the 2k no longer made sense.
Best model = Fee offset. Health insurance is the best door opener, spin them to an HSA, talk other assets, charge a fee to manage the assets, place all insurances, offset your fee by the amount of commission. Client for life
With a 65 and insurance license, you can sell everything in the world and get paid on everything (fee or commission), except a variable annuity and variable life. There are no load 529's that you can charge a fee.