what jobs can you do with a series 6 investment licence?
I am considering to get my series 6 investment licence. I know that It qualifies me to sell annuities, and other form of securities, but are there any salaried positions that i could do with a series 6? Im not exactly into the idea of working for commission only.
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Answer by tclppk
There are some insurance companies who would pay a salary to reps; usually for one year. That gives you time to get a book of business started so that working for commission after that is not a bad thing. No one wants you to be comfortable. They want you to be hungary so you work hard and make them lots of money.
One thing about selling annuities is that depending on the kind of annuity and the kind of pay out you select, you could get paid when you sell the annuity, and then receive "trails" on that same annuity for years to come. The trails can add up to big bucks down the road, which is like getting a salary. As you continue to make new sales, your income continues to grow from the new commissions plus the trails.
Commission only sales are no fun in the beginning, but after sereral years, it starts to pay off!.....speaking from experience!
Other places you may want to check out would be banks and credit unions. They have financial reps who sell investments and annuities to their clients. Places like Edward Jones, E G Edwards, Wells Fargo may also help you get started.
Allstate contacted me several years ago looking for someone to work their client base, selling investments and life insurance. Maybe a tough first year or so to start, but they have a large existing client list that you contact....a lot easier than starting out cold. You just have to ask around.
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IMF Conference: Sustainable Investment scaling up in Low Income Countries
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