What do you need for a Series 6 license?
A Series 6 license requires you to take and pass both a Securites Industries Essentials Exam and the Series 6 Top-Off Exam. There are no pre-requisites to taking the Securities Industry Essentials Exam, and once you pass your SIE exam, you have one full year to study for and pass your Series 6 exam.
How hard is it to get a Series 6 license?
You Only Need 70% to Pass The questions on the exam are randomly selected for subject matter to meet the percentages prescribed in the Financial Industry Regulatory Authority (FINRA) outline. The first questions are those that have been statistically shown to be less difficult and that most candidates got right.
How old do you have to be to get a Series 6?
18 years of age
Series 6 License Requirements: To take the Series 6 Exam, you must: — Be associated with and sponsored by a member firm. — Be 18 years of age.
Do you need a Series 7 to sell ETFs?
Advisors and retirement planners who want to sell ETFs must obtain a Series 7 license, which requires taking a longer and more comprehensive exam that costs more money.
What can I do with a Series 6 and 63 license?
What Can You Do With Series 6 and 63 Licenses
- Mutual funds (closed-end funds on the initial offering only)
- Variable annuities.
- Unit Investment Trusts.
- Variable life insurance products.
- Municipal fund securities (e.g. 529 savings plans, local government investment pools) (LGIPs)
What can you sell with Series 63?
What jobs can I get with a Series 63 license? If you have earned the Series 6 license and the Series 63 license, you can be a financial adviser or insurance agent who also sells mutual funds and works at a brokerage, investment firm, bank, or insurance company.
What license do I need to sell stocks?
Series 7 license
Administered by FINRA and known as the general securities representative license, the Series 7 license authorizes you to sell virtually any type of individual security, such as preferred stocks, options, bonds, and other individual fixed income investments—plus all forms of packaged products.
How long is Series 6 good for?
After you pass the Series 6 exam, you have exactly two years to complete the continuing education requirement. You must then complete certain continuing education requirements every three years until you end your registration. Most of these continuing education classes may be completed online.
What does Series 6 allow you to do?
With a Series 6 license, you are able to sell mutual funds, variable annuities, variable life insurance, unit investment trusts (UITs), and municipal fund securities. The Series 6 is often seen as the ideal companion license for those in the insurance industry.