Frequently Asked Question

February 26 2009  |  Filed Under » , , , , , , , ,

What financial certifications or exams do I need to complete in order to qualify for registration as an Investment Advisor Representative?

In general, most states require the successful completion of the Series 65 exam or both the Series 7 and Series 66 exams.

However, if a financial professional has not completed the above exams, some states will allow that person to register as an Investment Advisor Representative if he or she has obtained any of the following certifications:

Also, if a finance professional is registered as a broker-dealer or agent there may be exam exemptions available.

The NASAA provides a summary of exemptions for each state jurisdiction here.
Exam Prep Quizzer

Practice for your professional exam!

Sign Up For Our Professionals in the Money Newsletter!

by

Shauna Carther

Shauna Carther
Shauna Carther is the vice president of content at Investopedia.com. In 2007, she appeared as a guest on Moneytrack, a Public Broadcasting Service program devoted to helping consumers learn to invest and take control of their finances.
comments powered by Disqus
Marketplace
Last Questions Asked:
  1.

    Does the federal government fund any NGOs? Which ones?

    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs are organized on local, national and international levels to serve specific social or political purposes. Despite their independence from government, many NGOs receive significant funding from government entities.While an NGO can be funded entirely or in part by government funding, it may keep its non-governmental status by prohibiting government representatives from membership.
  2.

    What is the difference between redemption of shares and repurchase of shares?

    Sometimes, shares of stock offered by a company are not regular, market-driven common shares. Instead, they may be preferred shares, which are considered fixed income securities and are issued with a par value. When that par value is paid back to the purchaser of the preferred share, this is considered a redemption.
  3.

    How do NGOs get funding?

    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs are organized on local, national and international levels to serve specific social or political purposes. As non-profit organizations, NGOs rely on a variety of sources for funding projects, operations, salaries and other overhead costs.
Trading Center