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Posts Tagged ‘Real estate investments’

Starting an investment company can be a tricky and fairly involved process, as there are several ways to get into the investment business. Some require large capital investments; others involve shoestring possibilities.

With the correct certification, starting your own investment company is fairly simple.

The following steps will help you take the necessary measures to correctly turn your dream and vision of owning your own firm into a reality.

Get licensed. You must be individually licensed to start an investment firm. Depending on the type of investments you plan to sell, you will need either a Series 6 or Series 7 securities license.

A Series 6 allows you to sell small investment products such as mutual funds and annuities.

A Series 7 license permits you to buy and sell large investments such as stocks and bonds on behalf of your clients.

Both licenses require you to pass a test administered by the Financial Industry Regulatory Authority (FINRA), formerly the National Association of Securities Dealers (NASD).

The fee to take the Series 6 securities test is $85. It will cost you $265 to take the Series 7 exam. Formally preparing for both exams is recommended (see Resources below).

If you plan to make real estate investments for others, you will need to hold a real estate license in most states. Read the rest of this entry »