Most Common Licenses in the Financial Services Industry

8 Most Common Licenses & Certifications In Financial Services

There are several different licenses that financial professionals may need to obtain in order to work in the financial services industry.

However, these most common licenses are responsible for the most of the revenues generated in the financial services industry.

Here is a brief overview of some of the most common licenses:

• Series 6 license: This license allows an individual to sell mutual funds, variable annuities, and other securities products that do not require the Series 7 exam.
• Series 7 license: This license is required to sell all types of securities, including stocks, bonds, and options.
• Series 63 license: This license, also known as the Uniform Securities Agent State Law Examination, is required by most states for individuals to sell securities.
• Series 65 license: This license, also known as the Uniform Investment Adviser Law Examination, is required for individuals to act as investment advisers.
• Series 66 license: This license combines the Series 63 and Series 65 exams and is required for individuals to act as both securities agents and investment advisers.
• Chartered Financial Analyst (CFA) certification: This professional certification is offered by the CFA Institute and is recognized globally as a standard of excellence for financial analysts.
• Certified Financial Planner (CFP) certification: This professional certification is offered by the Certified Financial Planner Board of Standards and is recognized as a standard of excellence for financial planners.
• How to Become an Insurance Broker In order to sell life insurance, and Life Insurance Retirement Plans (LIRPs) individuals must pass a state-specific life insurance exam and apply for a life insurance license. The requirements for obtaining a life insurance license vary by state, but generally, individuals must be at least 18 years old and pass a background check. Some states may also require pre-licensing education or ongoing continuing education in order to maintain a life insurance license.

I hope this information is helpful in understanding the various licenses that are available in the financial services industry. Whether you’re just starting your career or looking to advance in the industry, obtaining the right licenses and certifications can help you build the skills and knowledge you need to succeed.

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