What Registrations and Licenses Does a Financial Advisor Need?

Author

Edward Jones - Chris Scanlan

Posted on

Nov 04, 2024

Book/Edition

Florida - Southwest

share-this
Share This

Financial advisors partner with individuals, families and businesses to meet their financial goals, while building partnerships and collaborating with others in the community.

People trust financial advisors to follow regulations and use investment vehicles correctly. That’s why financial advisors must meet specific requirements, including taking exams to obtain registrations and licenses.

While licensing and registration exams might sound intimidating, they don’t have to be when you have the right support. Edward Jones supports new financial advisors from day one by providing a structured plan with a dedicated support person who will monitor your progress and provide study materials, guided webinars, and even compensation during the study period.

What background and experience do I need to be hired as a financial advisor with Edward Jones?

At Edward Jones, clients come first. This belief guides everything we do. We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society.

It’s important we find people who share our client-first values, so our application and interview process are thorough. But for the right individual, it’s just the beginning of our commitment to your success.

If you’re considering becoming an Edward Jones financial advisor, you should have at least one of the following:

  • Bachelor’s degree or equivalent work-related experience with a track record of success
  • Financial services and/or sales experience
  • Financial services licensing or certification
  • Professional and/or military career progression

You don’t need to know about financial advising to start, but you do need to have a history of increasing professional responsibility, a commitment to building lasting relationships, and a strong desire for performance-based compensation.

In addition to experience and education, there are certain skills that help financial advisors achieve success in their careers.

Financial advisors should be self-motivated and committed to their work. The ability to listen to people and be empathetic is also important. These skills will help you provide great service to your clients as you put together individualized strategies to help them achieve their goals.

Critical thinking and decision-making skills are good to have. It’s also important to be confident as you guide your clients through making big decisions that will impact their future.

What registrations and licenses will I need to maintain?

Financial advisors are required to have the following licenses:

  • The General Securities Registered Representative Examination, which includes the Securities Industry Essentials (SIE) and Series 7
  • The Uniform Combined State Law Examination (Series 66)
  • State insurance licensing requirements

Other registrations that financial advisors may have include Series 6, Series 63 and Series 65 licenses.

Edward Jones offers financial advisors educational support throughout their career, starting right at the beginning with the licensing exam. We provide exam preparation support with dedicated time to study so you can be confident when you sit for your registration and licensing exams.

SIE and Series 7

The Financial Industry Regulatory Authority (FINRA) administers exams and maintains registrations for the financial services industry. The SIE and Series 7 assess the competency of an entry-level registered representative to perform their job as a general securities representative.

The SIE and Series 7 measure the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative.

Questions on this test also cover knowledge of product information, documentation and processes to set up accounts.

To be eligible to take the Series 7, you must be sponsored by a FINRA member firm. The Series 6 license is similar to the Series 7 but focuses on a smaller range of investment products.

You must pass the Series 7 exam before moving onto the Uniform Combined State Law Examination to obtain your Series 66 registration.

Series 66

The Series 66 combines Series 63, the state law test for broker-dealer representatives, and the Series 65, which covers working in the financial services industry.

The Series 66 registration is administered and maintained by the North American Securities Administrators Association (NASAA). This exam covers aspects of investment products, strategies and management as well as industry laws and regulations.

If you’re an experienced financial advisor coming to Edward Jones to continue your career, you must have a Series 7 and Series 63/65 or Series 66 registrations within three months of your hire. If you don’t have your insurance license, it will also be required.

For new financial advisors, Edward Jones will support you with exam prep, study resources and hourly compensation while you prepare to take your exams.

Continued education is required by both Edward Jones and regulatory authorities. There is also required training to maintain registrations and licenses. A financial advisor’s registrations and licenses, provided they’re appropriately maintained, are valid if the advisor is employed with a financial services organization.

How to prepare for the registration and licensing exams

Preparing for exams is challenging and requires dedication. As an Edward Jones financial advisor trainee, you’ll have the support of our organization to help you succeed. Trainees commit a minimum of 45 hours, preparing 6 days a week over the study period for the exam.

To help financial advisors prepare for and pass exams to obtain the SIE, Series 7 and Series 66, Edward Jones’ award-winning training program provides study guides and trainers to answer questions and help trainees work through the material.

Preparatory classes — live and available on demand — help new financial advisors digest the exam material. Your study strategies will be personalized to you by an Edward Jones Study Specialist who will monitor your progress and help you adhere to the study calendar to make sure you’re prepared for registration and licensing exams.

It’s important for new financial advisors to reflect on how they best learn and set aside the appropriate time to learn this required material.

Am I a full-time Edward Jones employee while working toward registration and licensing?

During onboarding, you’ll become a full-time associate of Edward Jones and will receive hourly compensation on a bi-weekly basis. This will allow you to focus on training and development as you study for your registrations and licenses and begin learning to build your business.

Our award-winning training program* will teach you to set up a successful Edward Jones office and financial services career. We’ll connect you with other Edward Jones team members, including fellow financial advisors, so you can create a support network and learn from their experiences.

Next Steps to Start Your Career as a Financial Advisor

As an Edward Jones financial advisor, we help you locate and set up your office, including providing a branch office administrator to help run the day-to-day operations of your business.

Starting out is both exciting and challenging. But just as we have been since you were hired, Edward Jones is here to support you. New financial advisors are eligible to receive a supplemental salary for up to four years as you build your business. Salary will decrease as your new asset compensation and commissions increase over the four years.

Throughout your Edward Jones career, you’ll receive ongoing training and education. We support and foster continuous improvement within our team so you can better help your clients meet their financial goals.

As a financial advisor you’ll bring your skills and experience together with our training to create opportunities for your community. Getting to this point is a journey, but Edward Jones is there to support you every step of the way. To learn more about becoming an Edward Jones financial advisor, visit our careers page.

Interested in the Edward Jones Financial Advisor Opportunity?

Learn more about starting a career as a financial advisor or start searching for opportunities now. If you’re already licensed as a financial advisor, learn how we’re built to take your practice to the next level.

*Training Magazine Training Apex Award 2000-2024, published January-March each year, data as of September of prior year, an application fee was required for consideration.

Other Articles You May Like

Naples Clinic Expands to Provide Free Medications for Low-Income Workers

For low-income Collier County residents who are working but uninsured, access to the medications they need is not as easy as going to a regular chain pharmacy to pick them up. Thats where the Neighborhood Health Clinics expanded non-narcotic medication room comes in, giving patients managing chronic conditions including hypertension and diabetes timely access to medications at no cost. The 1,850-square-foot medication room, located at the clinic on Goodlette-Frank Road near Central Avenue, was built at a cost of $500,000 and is named for the late Stacy Forman, a Naples philanthropist who donated funding for the expansion.Keith Maples, CEO of Neighborhood Health Clinic, said the expanded medications facility enhances the clinics ability to serve patients faster and more efficiently. On a typical day, a patient can walk in and when they walk out, theyre walking out with thousands of dollars worth of medication that, if it were outside of the Clinic, they would not be able to fill those prescriptions because it would be outside of what they could afford, Maples said. He said the expanded space, equipped with updated technology and increased storage capacity, allows for a larger inventory of non-narcotic medications that enables the Clinic to fill prescriptions immediately to minimize delays in treatment. In 2024, the Clinic distributed $6.5 million in retail value of medications thanks to partnerships with Americares, Direct Relief, Dispensary of Hope and other pharmaceutical companies. The expansion allows us to work even more with our pharmaceutical partners to basically procure all of the medications necessary for our patients, Maples said. He said that many patients arriving at the Clinic for the first time have not previously received medical care for the condition needing treatment and may have vastly elevated blood pressure or blood sugar levels, for example.  When they walk through the doors, theyre at such a heightened level that were trying to bring it back to a controlled number to where its manageable for them, Maples said. If their A1Cs are through the roof, their [blood] sugars are through the roof, were trying to get them back to an established number that helps them feel better. Well never cure them of all those illnesses, but well maintain that health for them, so they feel better and have a better quality of life.Clinic grows to meet patient demand The nonprofit Neighborhood Health Clinic was established in 1999 by Dr. Bill and Nancy Lascheid to provide medical care to low-income, working but uninsured Collier County adults. Their daughter, Leslie Lascheid, now serves as president of the organization. In 2024 the clinic saw more than 12,000 patient visits and delivered more than 30,000 patient procedures, Maples said, with all medications, primary care, specialty care, surgeries and outpatient procedures provided free of charge to patients.All funding is through philanthropy, as the Clinic does not receive any city, county, state or federal funding including Medicaid or Medicare. Over the years the clinic has expanded as the patient load has increased. The original 11,000-square-foot facility more than doubled in size with the completion of the Armstrong Medical Specialties Building in 2021, which expanded the campus to 23,000 square feet.  The addition of the Van Domelen Education and Wellness Building, also in 2021, took the total to its current 32,000 square feet, and when the Bill and Candy Raveis Pathology Building is completed this summer, the total campus will be at 43,000 square feet, according to Marcie Berland, the Clinics director of development. Maples said the Clinic has expanded strategically over the years to meet the medical needs of patients many of whom work in hospitality, service or construction industries in Collier County and the growing volume of patient visits. When weve expanded, we didnt do it just to do it, he said. We based it on what were the patient needs and what do we need in-house on a daily basis to deliver the care, providing the opportunity for a patient to walk in the door, get all the care they need and not have to go to another location somewhere else, or come for another appointment. Because when our patients miss days of work, thats food on the table and the roof over their heads. Its not like if I call in sick: I get a sick day and still get paid.  He said the campus expansions allow most procedures including lab work to be done in-house, creating opportunities for sustainable, uninterrupted patient care. When that patient walks through the doors, I never want them to wonder where theyre going to get their care or how theyre getting to their next appointment, Maples said. Many of our patients get rides here, or they walk or ride their bikes, because very few own cars that they can drive in.  And while the Clinic does have a full-time paid staff of 14 and five part-time staff, no medical professionals are paid to deliver care, Maples said. More than 250 physicians, 50 dentists, 100 nurses and 300 non-medical personnel deliver care and provide patient education on a volunteer basis. 

Beyond the Surface: Naples Cancer Advisors Spotlight Melanoma During Awareness Month

Beyond the Surface: Naples Cancer Advisors Spotlight Melanoma During Awareness MonthMay 1, 20256 Min ReadBy Jillian Hunt, CNP Executive Director of Clinical Operations at Naples Cancer AdvisorsMay is Melanoma Awareness Month, and in sun-drenched Collier and Lee Counties, its more than a calendar observance. Its a call to action. The sunny environment increases exposure to ultraviolet (UV) rays, which are a significant risk factor for skin cancer, including melanoma. Understanding the risks and adopting preventive measures can help residents enjoy the sun safely while minimizing their skin cancer risk.At NCA, we specialize in delivering second opinions and expert oncology guidance at no cost to patients. Our team, including nationally recognized oncologist Dr. Philip Leming, believes that no one should face a cancer diagnosis alone. This month, we want to shine a light on reshaping melanoma prevention, detection, and awarenessso you can stay protected and proactive.Prevention: A Daily Practice, Not Just a Summer ChecklistMost people know the basics: use sunscreen, avoid tanning beds, cover up when outside. But melanoma doesnt just show up where the sun shines. It can develop under your fingernails, between your toes, even on your scalp or eyes. We educate patients to look everywhere, not just the obvious spots.One powerful (and often overlooked) fact: a single blistering sunburn in childhood doubles your lifetime risk of melanoma. Thats why prevention is a family affair. We urge parents to build sun safety habits early and keep them consistent all year.Detection: A Watchful Eye is The Best ToolThe front line of defense against skin cancer is early detection. Identifying skin changes especially changes in moles is the easiest way to catch skin cancer earlier.What is a mole?A mole is a benign (non-cancerous) growth on the skin that develops when melanocytes, the cells responsible for producing pigment, cluster together instead of being evenly distributed. Moles can be present from birth or develop later in life.ABCDEs of Moles and Melanoma Detection Asymmetry: One half of the mole doesnt match the other. Border irregularity: The edges of the mole are uneven, ragged, or notched. Color variation: The mole has multiple shades of brown, black, or other colors like red, white, or blue. Diameter: The mole is larger than 6 millimeters (about the size of a pencil eraser). Evolving: The mole has changed in size, shape, or color, or has new symptoms like itching, bleeding, or crusting.The ABCDEs are a helpful tool for self-examination and can prompt individuals to seek professional medical advice if any of these signs are present.Dermatologists remain the front line in detection and diagnosis. However, emerging technologies are offering exciting backup. Artificial intelligence skin scanners and total body imaging are improving the speed and accuracy of diagnosis.Whether its through advanced tools or a trained eye, one truth remains: catching melanoma early saves lives.The NCA Difference: Compassionate, Cost-Free Cancer GuidanceNaples Cancer Advisors was founded to be a bridge for patients who feel lost, overwhelmed, or unsure where to turn after a cancer diagnosis. We offer a second set of expert eyes, help explain treatment options, connect people to top-tier providers, and support them throughout their journey.Melanoma may be aggressive, but its also highly preventable and treatable when caught early. This May, we urge everyone in our community to schedule a skin check, learn your ABCDEs (Asymmetry, Border, Color, Diameter, Evolving), and take sun safety seriously.And if you ever need clarity or support after a diagnosis, Naples Cancer Advisors is herefree, local, and fully focused on you.Jillian Hunt, CNP BioJillian has been caring for cancer patients since 2004. In that time, she has set the benchmark for her patient-centric approach in Cincinnati, Southwest Florida, and beyond.Her professional journey began at Cincinnati Childrens Hospital Medical Center in 1999 on the hematology/oncology/bone marrow transplant unit and later the emergency department.After spending five years caring for children, Jillian found her passion in caring for the adult oncology patient. Starting as a chemotherapy infusion nurse in private practice with Dr. Philip Leming at Cincinnati Hematology Oncology, she then pursued an advanced degree to offer a higher level of care to her cancer patients.Jillian has been an oncology nurse practitioner since 2011 and is passionate about patient care, education and staying current on research opportunities available for the patients she cares for.Jillian is a national speaker traveling to educate clinicians on the use and management of toxicities of medications that are used in cancer treatments. She has spoken at national nursing conferences and sits on several advisory boards. Jillian feels strongly about staying on the front lines to improve patient care and expert advice on cancer.Jillian was born and raised in Cincinnati and graduated from Lakota High School. She and her husband have five children. Outside of her love and passion for oncology, Jillian and her husband are licensed foster parents and have participated in global mission trips to serve orphaned children around the world.Naples Cancer Advisors239-846-2273 (CARE)3201 Tamiami Trail N, Suite 112, Naples, FL 34103

Discovery Senior Living Launches First-of-Its-Kind The Disappearing Mind Podcast Addressing Need for Trusted Brain Health & Dementia Resources

Local Services By This Author

Edward Jones - Chris Scanlan

Long Term Care Planning 2930 Immokalee Road, Naples, Florida, 34110

Quite simply, you are my priority. My favorite part of being a financial advisor is getting to know each client on a personal level. Your story, your values, your concerns and your personal goals are just as important to me as your financial goals. Uncovering what is important to you paves the way to building an incredible financial strategy that incorporates every aspect of who you are and what you are seeking to achieve. I work together with my clients by listening to what is truly important to them and using an established process to discover together which strategies and tools will work best for your unique circumstances.Another reason why I work so hard to understand my client's needs is my experience as a father of five and husband to my wife, Ann. I have four boys and one girl: Declan (7), Vaelen (5), Kylian (4) and Lochlann (2). We also added a princess to our rowdy crew, Ailis, in June of 2022. More than ever, I understand that health, safety and security will always be a top priority to my clients just as it is for me. The same care, attention, mindfulness and dedication required as a parent has shaped the way I approach my role as your financial advisor. So, whether it's planning for retirement, saving for education or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals.As a former collegiate athlete for Ave Maria University, I understand the importance of teamwork and being able to rely on those to around you to overcome challenges. Our partnership, the flexibility to work alongside your attorney, accountant and other trusted professionals and the resources at Edward Jones will ensure you receive the most current and comprehensive guidance to make sure you're given everything you need to be confident in your financial strategy.I love what I do, and I'm blessed to be in a role where I can have such a positive impact on my clients' lives and my community!

Edward Jones - Chris Scanlan

Financial Advisor 2930 Immokalee Road, Naples, Florida, 34110

Quite simply, you are my priority. My favorite part of being a financial advisor is getting to know each client on a personal level. Your story, your values, your concerns and your personal goals are just as important to me as your financial goals. Uncovering what is important to you paves the way to building an incredible financial strategy that incorporates every aspect of who you are and what you are seeking to achieve. I work together with my clients by listening to what is truly important to them and using an established process to discover together which strategies and tools will work best for your unique circumstances.Another reason why I work so hard to understand my client's needs is my experience as a father of five and husband to my wife, Ann. I have four boys and one girl: Declan (7), Vaelen (5), Kylian (4) and Lochlann (2). We also added a princess to our rowdy crew, Ailis, in June of 2022. More than ever, I understand that health, safety and security will always be a top priority to my clients just as it is for me. The same care, attention, mindfulness and dedication required as a parent has shaped the way I approach my role as your financial advisor. So, whether it's planning for retirement, saving for education or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals.As a former collegiate athlete for Ave Maria University, I understand the importance of teamwork and being able to rely on those to around you to overcome challenges. Our partnership, the flexibility to work alongside your attorney, accountant and other trusted professionals and the resources at Edward Jones will ensure you receive the most current and comprehensive guidance to make sure you're given everything you need to be confident in your financial strategy.I love what I do, and I'm blessed to be in a role where I can have such a positive impact on my clients' lives and my community!

Edward Jones - Chris Scanlan

Investments 2930 Immokalee Road, Naples, Florida, 34110

Quite simply, you are my priority. My favorite part of being a financial advisor is getting to know each client on a personal level. Your story, your values, your concerns and your personal goals are just as important to me as your financial goals. Uncovering what is important to you paves the way to building an incredible financial strategy that incorporates every aspect of who you are and what you are seeking to achieve. I work together with my clients by listening to what is truly important to them and using an established process to discover together which strategies and tools will work best for your unique circumstances.Another reason why I work so hard to understand my client's needs is my experience as a father of five and husband to my wife, Ann. I have four boys and one girl: Declan (7), Vaelen (5), Kylian (4) and Lochlann (2). We also added a princess to our rowdy crew, Ailis, in June of 2022. More than ever, I understand that health, safety and security will always be a top priority to my clients just as it is for me. The same care, attention, mindfulness and dedication required as a parent has shaped the way I approach my role as your financial advisor. So, whether it's planning for retirement, saving for education or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals.As a former collegiate athlete for Ave Maria University, I understand the importance of teamwork and being able to rely on those to around you to overcome challenges. Our partnership, the flexibility to work alongside your attorney, accountant and other trusted professionals and the resources at Edward Jones will ensure you receive the most current and comprehensive guidance to make sure you're given everything you need to be confident in your financial strategy.I love what I do, and I'm blessed to be in a role where I can have such a positive impact on my clients' lives and my community!