7, 66 63 65

[supersupps]

A financial planner would like me to bring them any business I might uncover from LTC appointments. I would write the ltc on my own, and ask them to come back to "our offfices" to see what planning they might need. Since I have no office and don't do any planning, this company will use their expert planners and myself in the meetings. And I will get half of what this brings to the planner. In order for me to be paid, I need some licenses. 66 was mentioned. But I believe I also need a 7? The financial planning company will sponser me. What exact series #;s do I need to be compliant?

 

[xrac]

Depends upon what they are selling. If we are talking managed money probably a 65. Will the revenue be worth the E&O cost

 

[Stephen]

I believe if you get the 65 then I do not believe that you should have a problem signing a solicitor agreement with the planning company. I am not securities licensed yet so I am sure that a more definite answer will come along.

 

[Tahoe Ray]

You need to ask the planning company what type of business they write. You'll essentially need the same licenses they have to split the comp (and be part of their b/d or RIA...or both.)

The 66 is a combination of the the 63 and 65. If they only do fee based business, the 65 will suffice. If the write variable annuities and/or loaded mutual funds, you'll need a 6 w/ a 63. REITs, individual securities etc., you'll need a 7 w/ a 63. 7 with the 66 will cover most of your bases but there is no point in getting licenses that you don't need so just ask the planning firm.

 

[supersupps]

thanks for the reply. the planning firm will advise what I need.