Do Investment Advisors need to be licensed?

While there is not a specific licensing requirement for financial advisors, they are generally required to have various securities licenses to sell investment products. … These include the Series 6, Series 7, Series 63 and Series 65 licenses.

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Additionally, what is a reasonable fee for investment advisor?


Fee type Typical cost
Hourly fee $200 to $400
Per-plan fee $1,000 to $3,000
Then, who can legally give investment advice? To give investment advice, one needs to be licensed as a Registered Investment Advisors. RIA’s have a legal obligation to always recommend what is in the best interest of the client, disclose all relevant details, and avoid conflict of interest. This is the fiduciary standard.

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