保险和理财顾问需要哪些执照？
Let's talk about the difference between an insurance agent and a financial adviser and the relevant licenses. There are three main types of insurance licenses.
If you want to engage in the insurance business, you need to obtain the corresponding state license and complete the pre-licensing education to sell all kinds of insurance. State license is different, if you do business outside the state of residence, you need to obtain a license from another state, but you don't need to take an out-of-state license, you just need to apply for non resident license with a fee. And Continue Education (CE) is required every 2 years before the license can be renewed.
Insurance producers are divided into: Agent (agent) and Broker (broker).
Agent usually represents only one company, so in terms of agency relationship, Agent represents an insurance company. Broker represents a number of companies, so Broker represents customers in agency relationships. This relationship is a required question for the state examination. knock on the blackboard. Please write it down.
RR & IAR Licenses
Registered Representative 证券注册代表和Investment Adviser Representative 投资顾问代表，需要考取相应的组合执照，如下图所示。
The registered representative and Investment Adviser Representative need to obtain the corresponding combination license, as shown in the following figure.
So what do these numbers represent? we need to know about the FINRA Financial Regulatory Authority and the NASAA North American Securities Regulatory Association.
FINRA 金融监管局
FINRA is the largest non-governmental securities industry self-regulatory agency in the United States. If you want to sell investment products or act as an investment advisors, you need to obtain the corresponding securities license, and FINRA is responsible for reviewing the securities license license and qualification. There are many types of securities licenses, and the following three are the most common qualifications in the insurance and financial advising industries.
SIE
The SIE-Securities Industry Essentials Exam ®(SIE ®) is a new examination set by the Financial Regulatory Authority for future securities industry professionals. Individuals without a company sponsor can also take the SIE test, but pass the SIE test is not qualified to sell securities products, must match the relevant types of securities qualification examination, the most commonly used is Series 6 and Series 7, it should be noted that in addition to S6/S7 must also pass S63 before trading, see the following NASAA certificate.
S6
Series 6 - Investment Company and Variable Contracts Products Representative Exam，投资公司和投资类产品代表考试。After passing the exam, you can sell portfolio investment products (投资产品), such as Mutual Fund (共同基金)，Variable Annuities (浮动年金), and Unit Investment Trusts (单位投资信托)。If you are a life insurance representative and sell investment insurance VUL (投资型寿险）, you also need this qualification to sell.
S7
Series 7 - General Securities Representative Exam，普通类证券代表考试 。Series 7 has a wider range and more difficult than Series 6, covering most of the rights to sell securities, including stock trading and options trading, so they are often referred to as Stock Brokers.
NASAA 证书分类
In addition to FINRA, the North American Association of Securities regulators (北美地区证券管理者协会,NASAA) examines the qualifications of three types of core licenses. These include
S63
Series 63 - Uniform Securities Agent State Law Exam，统一证券代理人州法考试。All states are required to take this license, and the main content is《The Uniform Securities Act》《统一证券法》，This exam is mainly for Broker-Dealer Representative，So holders of Series 6 or Series 7 must also obtain this license in order to become Registered Representative (证券注册代表, RR） ，S6+S63 dual licensee can sell VUL. Mutual Fund, Variable Annuity, S7+S63 dual licensee can trade stocks and bonds on behalf of clients. It is also commonly called Stock Broker as a stockbroker.
S65
Series 65 - Uniform Investment Adviser Law Exam，统一投资顾问州法考试。The content includes the relevant rules and regulations of investment advisers, as well as various investment instruments, economics, professional ethics and analysis. After passing the exam, he will become an investment adviser representative who can charge fees by providing investment advice or managing assets.
S66
Series 66 - The Uniform Combined State Law Exam，This exam is a combination of S63 and S65. After passing S66, there is no need for S63 and S65. The difference is that the S66 license is issued only to Series 7 holders. After passing the S66, like the dual holders of S63 and S65, he became an investment advisor representative to provide investment and financial advice to clients.
Financial Advisors？
Financial advisers should have comprehensive knowledge and practical experience in life insurance, health insurance, securities investment, asset management and so on.
CFP / CFA
The above licenses are required for the corresponding financial practitioners, and there are two of the most valuable and well-known licenses, which, though not required, can help practitioners to enhance their professional knowledge in the fields of financial service.
CFP：Certified Financial Planner 国际金融理财师。It is regarded as the highest honor of financial advisor in the financial services industry. The CFP series qualification certification system consists of four parts: Education, Examination, Experience, and Ethics, namely "4e" certification standard. Among them, the working experience requires the applicant to have more than 2 years working experience in financial institutions related to financial management. CFP is mainly engaged in the field of financial management, such as banking, insurance and so on.
CFA：Chartered Financial Analyst 特许金融分析师。CFP is the strictest and most valuable qualification in the global investment industry and is seen as a ticket to enter the gates of Wall Street. CFA does not require training, there is no specific authorized training institutions, as long as the sequence of the CFA level 3 examination can be completed, before the completion of the level 3 examination can not get the certificate of CFA, but it is very difficult to pass the CET level 3 smoothly. CFA's main career direction is in the investment field, such as fund managers, securities analysts and so on.
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Contact telephone number: (718) 897-5539
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