Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > Retirement Planning Forum

Reply to Series 6, 7 and 63 License . . .     
Old 01-01-2017, 08:16 PM   #1
Guru
myinsurebiz on Series 6, 7 and 63 License . . .
 
Join Date: Feb 2008
Posts:2,334
State: myinsurebiz is an Insurance Agent from Georgia
myinsurebiz is a member of 1000 posts VIP club
Series 6, 7 and 63 License . . . Series 6, 7 and 63 License . . .
So - one of my goals in 2017 is to take and pass the Series 6, 7 and 63 License exams . . .

1) I need a Sponsor

2) Who all has all three of these Licenses?

TIA


------------------------------------
2017 Rocks!

(912) 225-1271

www.facebook.com/AffordableInsurancePlan
  Reply With Quote to Series 6, 7 and 63 License . . .

Old 01-01-2017, 08:27 PM   #2
Guru
 
Join Date: Sep 2012
Posts:2,269
State: Tahoe Ray is an Insurance Agent from Nevada
Tahoe Ray is a member of 1000 posts VIP club
Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post
So - one of my goals in 2017 is to take and pass the Series 6, 7 and 63 License exams . . .

1) I need a Sponsor

2) Who all has all three of these Licenses?

TIA
No one. You don't need a 7 and 6 together. 7 covers everything that the 6 does.

How much in securities are you planning on writing? A small b/d might sponsor you if you're going to write 40-50k in GDC.
------------------------------------
  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 08:36 PM   #3
Guru
goillini52 on Series 6, 7 and 63 License . . .
 
Join Date: Aug 2013
Posts:13,290
State: goillini52 is an Insurance Agent from Illinois
goillini52 is a member of 5000 posts Super VIP club
Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post
So - one of my goals in 2017 is to take and pass the Series 6, 7 and 63 License exams . . .Why?

1) I need a Sponsor...Is that a statement or a question?

2) Who all has all three of these Licenses?...I haven't got a clue.

TIA
= mini stroke
[/COLOR]


Happy New Year Tom.

------------------------------------
  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 08:45 PM   #4
Guru
myinsurebiz on Series 6, 7 and 63 License . . .
 
Join Date: Feb 2008
Posts:2,334
State: myinsurebiz is an Insurance Agent from Georgia
myinsurebiz is a member of 1000 posts VIP club
Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . . myinsurebiz is the thread starter for: Series 6, 7 and 63 License . . .

Originally Posted by Tahoe Ray View Post
No one. You don't need a 7 and 6 together. 7 covers everything that the 6 does.

How much in securities are you planning on writing? A small b/d might sponsor you if you're going to write 40-50k in GDC.
Really don't know. So - if someone puts $10,000 in ABC Mutual Fund that has say a 5% GDC - that creates $500 in gross commissions of which I would earn a % of right?

Fees aren't bad. Seems biggest cost is the time to study for the tests . . . I learn quick and would easily pass if the study materials match the test . . .


----------

Originally Posted by goillini52 View Post
[/COLOR]


Happy New Year Tom.

HNY to you too Tom . . .

p.s. - I bailed on my MLM plan yesterday BEFORE the New Year began. I have a new quest . . .
------------------------------------
  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 08:48 PM   #5
Guru
goillini52 on Series 6, 7 and 63 License . . .
 
Join Date: Aug 2013
Posts:13,290
State: goillini52 is an Insurance Agent from Illinois
goillini52 is a member of 5000 posts Super VIP club
Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post
Really don't know. So - if someone puts $10,000 in ABC Mutual Fund that has say a 5% GDC - that creates $500 in gross commissions of which I would earn a % of right?

Fees aren't bad. Seems biggest cost is the time to study for the tests . . . I learn quick and would easily pass if the study materials match the test . . .


----------




HNY to you too Tom . . .

p.s. - I bailed on my MLM plan yesterday BEFORE the New Year began. I have a new quest . . .

Glad to hear that(I guess that 132 IQ finally kicked in)!!! Good luck on your new quest...whatever it might be.
------------------------------------
  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 08:54 PM   #6
Guru
myinsurebiz on Series 6, 7 and 63 License . . .
 
Join Date: Feb 2008
Posts:2,334
State: myinsurebiz is an Insurance Agent from Georgia
myinsurebiz is a member of 1000 posts VIP club
Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . . myinsurebiz is the thread starter for: Series 6, 7 and 63 License . . .

Originally Posted by goillini52 View Post
Glad to hear that(I guess that 132 IQ finally kicked in)!!! Good luck on your new quest...whatever it might be.

oh on 1) - I "need" a sponsor.

Sold an Annuity yesterday Amtrak!!!!! Man's wife said she wanted one too - but, didn't want fixed - she wanted a Variable Annuity . . . She wants more than 3%. She showed me one she has now and over the last 4 years as averaged 11% growth . . .

------------------------------------
  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 08:59 PM   #7
Guru
 
Join Date: Sep 2012
Posts:2,269
State: Tahoe Ray is an Insurance Agent from Nevada
Tahoe Ray is a member of 1000 posts VIP club
Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post

Really don't know. So - if someone puts $10,000 in ABC Mutual Fund that has say a 5% GDC - that creates $500 in gross commissions of which I would earn a % of right?

Fees aren't bad. Seems biggest cost is the time to study for the tests . . . I learn quick and would easily pass if the study materials match the test
That's right on your MF example. Tests are easy for the most part but you'll have to study.

Very little applied knowledge or concepts on the 7 and 63...most is memorization of facts or formulas.
------------------------------------
  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 09:03 PM   #8
Guru
goillini52 on Series 6, 7 and 63 License . . .
 
Join Date: Aug 2013
Posts:13,290
State: goillini52 is an Insurance Agent from Illinois
goillini52 is a member of 5000 posts Super VIP club
Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post

oh on 1) - I "need" a sponsor.

Sold an Annuity yesterday Amtrak!!!!! Man's wife said she wanted one too - but, didn't want fixed - she wanted a Variable Annuity . . . She wants more than 3%. She showed me one she has now and over the last 4 years as averaged 11% growth . . .

Good job! I trust that you won't be working the FE crowd for Variable Annuities.
------------------------------------
  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 09:10 PM   #9
Guru
myinsurebiz on Series 6, 7 and 63 License . . .
 
Join Date: Feb 2008
Posts:2,334
State: myinsurebiz is an Insurance Agent from Georgia
myinsurebiz is a member of 1000 posts VIP club
Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . . myinsurebiz is the thread starter for: Series 6, 7 and 63 License . . .

Originally Posted by goillini52 View Post
Good job! I trust that you won't be working the FE crowd for Variable Annuities.
Ha - you never know with me . . .

When she showed me her growth - man, it was crazy. The way I understand it - I earn commissions on that "growth" in addition to the initial Annuity funding.

Not certain on that ^^^ still researching . . .

------------------------------------
  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 09:18 PM   #10
Guru
 
Join Date: Sep 2012
Posts:2,269
State: Tahoe Ray is an Insurance Agent from Nevada
Tahoe Ray is a member of 1000 posts VIP club
Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post

Ha - you never know with me . . .

When she showed me her growth - man, it was crazy. The way I understand it - I earn commissions on that "growth" in addition to the initial Annuity funding.

Not certain on that ^^^ still researching . . .
Those are called trails and are a commission option that you can choose.

The less upfront comp you take, the higher your annual comp (normally topping out at 1%)

To add one thing: when the market invariably goes down, so will your trails. I know several advisors that struggled in '01/'02 and '08/'09 essentially losing >30% of their income.

It is recoverable but not fun during......
------------------------------------

Last edited by Tahoe Ray; 01-01-2017 at 09:25 PM.
  Reply With Quote to Series 6, 7 and 63 License . . .
Reply to Series 6, 7 and 63 License . . . 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > Retirement Planning Forum






All times are GMT -5. The time now is 05:07 AM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed