Originally Posted by RetireBy90
My understanding is that unless regulated by the state, there is no requirement for specific education. There are many certifications that an advisor can get and they have standards and continuing education requirements. Also my understanding is that some products like insurance would require education and a test, due to state regulations.
EVERY financial services firm is regulated by the state. Also, national regulators such as FINRA, SEC, and even NAIC if they sell insurance products. I don't know of ANY firm that would hire someone without a bachelor's degree minimum. The states do not set mandates about what education you need, but you do need to pass an insurance test and take continuing education credits, as well as anti-money laundering and other tests.
I have a degree in finance, with a concentration in risk management and insurance, and my original hiring manager told me I was over-qualified......