Robert also holds a NASD Series 6 license
, as well as a Life & Variable Annuities license.
The products that prompt the most unsolicited inquiries, as reported by the Boston research firm Cerulli Associates in a 2013 study, are annuities, which require at least a state life insurance license (and in the case of variable annuities, a Series 6 securities license) to sell, and Roth IRAs, for which salespeople must have at least a Series 6 license
Obtain a Series 6 license
. You must join a broker-dealer and they will sponsor you to sit for the FINRA exam.
* An NASD series 6 license
(investment company and variable contracts representative license) or the series 7 license (general securities representative license).
A Series 6 license
allows agents to sell variable products and mutual funds, while a Series 7 license permits sale of a full range of securities and investment products.
(FINRA does not specify the type of annuity at issue, but both brokers had a Series 6 license
, which permitted them to sell investment products such as mutual funds, variable annuities and other premium-funded variable insurance contracts.)