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How did you pass the exam without even knowing what that exam is for?!?
Also you cannot do fee based/advisory with a S63 but you can with the S65
Thanks FA1. I just know I had to get 7&66. Wasn’t sure the details of what makes each license better.
Hit em with the EDJ value prop
Or S66*
FP1. I know what the exams I took are for, I don’t know how the ones I didn’t take are different. Because I didn’t take them. Make sense?
FA2. You know it! Lol.
7/66 is “fully licensed”. 6/63 can only sell packaged products (mutual funds and VAs). While you have higher licenses, it wouldn’t make you a better referral candidate in my eyes. Too many variables. Being able to sell stocks and bonds (or options) doesn’t mean you actually know how. For example, most people get into this industry from an insurance background or some other “sales” background. Few come from trading desks. I was a trader for 4 years from a big firm before becoming an advisor. There are few out there (not all) that could hold a conversation with me regarding technical analysis. Which is really the plus of the 7/66. But none of that helps with referrals.