Respectful farewell

[feh]

Good luck w/ your new career Jim! Thanks for all your contributions to the board; you will be missed.

[minnie1928]

Jim your contributions have been numerous and exceedingly helpful. I know you will continue to help people, except now you'll get paid for it (woo hoo!). I wish you the best of luck in your new career and on your future certifications.

[bjl584]

I'm sorry to hear that you will be leaving. I've enjoyed reading your posts over the past few years. Your attention to detail and your elaboration of a subject are second to none. I do wish you all the best with your career change. Surely, you will be successful at it. Good luck to you my friend!

[zakity]

Good luck!! Hate to see you go though! I love your advice.

[disneysteve]

If you work for a broker dealer, anything which is posted could be construed as advertising, and therefore advertising must be approved by the Broker dealer and SEC prior to posting.

There are also very strict rules on your own personal investing, where you can have accounts, what securities you can own, etc. Everything in your portfolio needs to be approved and open for review by the company and the SEC. For example, you may not be allowed to invest in any company that has a business relationship with your employer. Lots and lots of compliance regulations for financial professionals.

[jIM_Ohio]

There are also very strict rules on your own personal investing, where you can have accounts, what securities you can own, etc. Everything in your portfolio needs to be approved and open for review by the company and the SEC. For example, you may not be allowed to invest in any company that has a business relationship with your employer. Lots and lots of compliance regulations for financial professionals.

I can buy mutual funds from anywhere as long as they know which places have my money

they need to know whereever I have a BROKERAGE account and know what I own inside that account. In addition the place where I have the brokerage accounts needs to know I am a registered investment professional.

I must get approval before I buy or sell any stock, any option or start selling anything short- meaning I cannot day trade for sure. Each transaction likes this needs approval.

[Thrif-t]

Wow great for you Bad for us

Good Luck!!

[Paquita]

I have been lurking for about a year. I have enjoyed your posts and will miss you!

[jeffrey]

Very happy that you will be pursuing something that you want. While we will sorely miss you and your comments here, it's hard to complain with the reason for your departure. I wish you the very best and hope that you will continue to lurk at a minimum if you can find a minute or two of free time. Best of luck!

[zakity]

You can post "personal" posts, right? Stuff like "all is well here" or "the kids are getting big". Would that sort of stuff be ok?

[My English Castle]

Good luck with your new career. The options math on Series 7 almost killed me!

[Angio333]

Good luck! We will miss you.

Please be very careful if your new job is with Ameriprise. Please PM me if it is and you have any questions.

[LivingAlmostLarge]

Good luck! Congrats!

[jIM_Ohio]

If all goes well, I will be sitting for the series 7 soon after Dec 1 and before Dec 15. There are a few variables involved, but my last 2 practice tests were scored at an 86% (125 question tests).

I take a series 7 prep course next week (Mon-Fri) to go over material one last time, and I expect to take the test a few days after completing the class.

Here are a few notes for all of you:

Series 6- allows advisor to sell mutual funds and variable annuities
Series 7, allows advisor to sell mutual funds and variable annuities, AND also collect fees for assets under management and also manage/buy/sell stocks for clients

Series 63- registers advisor with the state
Series 65- allows advisor to sell financial plans
Series 66- combination of 63 and 65
LAH exam- life accident health- allows selling of variable annuities, term policies, and also long term care policies.

thus most financial planners will need a 63, 65 and the 6. Some might have the 7, 63 and 65.

Ohio will give me the 63 if I pass the 7. Not all states do that. Still need to pass the 63 if I want to sell in more than one state (once you pass exam in one state, you can transfer license to another state).

The CFP exam requires 3 years of experience, so I expect to get that license in about 37 months if I sell enough to stay employed between now and then.


I have learned quite a bit as a member here. I will lurk once in a while, but I cannot give advice, as that could be constituted as advertising, and that needs prior approval before being posted from my employer.

[bjl584]

If all goes well, I will be sitting for the series 7 soon after Dec 1 and before Dec 15. There are a few variables involved, but my last 2 practice tests were scored at an 86% (125 question tests).

I take a series 7 prep course next week (Mon-Fri) to go over material one last time, and I expect to take the test a few days after completing the class.

Here are a few notes for all of you:

Series 6- allows advisor to sell mutual funds and variable annuities
Series 7, allows advisor to sell mutual funds and variable annuities, AND also collect fees for assets under management and also manage/buy/sell stocks for clients

Series 63- registers advisor with the state
Series 65- allows advisor to sell financial plans
Series 66- combination of 63 and 65
LAH exam- life accident health- allows selling of variable annuities, term policies, and also long term care policies.

thus most financial planners will need a 63, 65 and the 6. Some might have the 7, 63 and 65.

Ohio will give me the 63 if I pass the 7. Not all states do that. Still need to pass the 63 if I want to sell in more than one state (once you pass exam in one state, you can transfer license to another state).

The CFP exam requires 3 years of experience, so I expect to get that license in about 37 months if I sell enough to stay employed between now and then.


I have learned quite a bit as a member here. I will lurk once in a while, but I cannot give advice, as that could be constituted as advertising, and that needs prior approval before being posted from my employer.

Will you be allowed to post at all? For instance, if someone posts a nonfinancial topic or just makes some general comment, will you be permitted to weigh in?