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Old 01-26-2012, 02:49 PM   #21
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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......
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Old 01-26-2012, 03:19 PM   #22
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Originally Posted by FinanceDude View Post
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......
Thanks for the confirmation. I was confident that insurance agents were regulated, but wanted to be careful in the post in case there were cases they did not have to be. Also, perhaps you can expand on the current action with advisors and brokers and the fiduciary responsibility changes being proposed.
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Old 01-27-2012, 10:19 AM   #23
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I've been considering a career change, and have been gathering the necessary tools to be a financial advisor...
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Old 01-27-2012, 10:26 AM   #24
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I've been considering a career change, and have been gathering the necessary tools to be a financial advisor...
I told you NOT to post that picture of my desk on the forum!!
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Old 01-27-2012, 10:31 AM   #25
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I told you NOT to post that picture of my desk on the forum!!
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