I feel like I’m taking a more traditional route when it comes to becoming a financial planner. I know most people go down the BD route, taking SIE (passed), then Series 7 (haven’t taken), then Series 63/66 (haven’t taken) to become investment advisors, but I feel like I’m a lone wolf and I’m just wondering if I’m doing something wrong. I am currently employed by a bank doing basic teller stuff. I passed the SIE back in May of this year and I’m currently studying for the Series 65. I have the ultimate goal of getting my CFP (years down the road), but I’m not really interested in selling securities for a commission. I want to give advice. I know I’m going to need the Series 65, so that’s why I’m taking it unsponsored. I’m hoping this will make me more marketable to fee-only RIA firms. I have been looking in my area for the past year or so for entry level positions, but I have only seen a couple (which I have applied for and not got either because it was before my SIE, or them just going with a more experienced candidate/internal applicant). I’m in a fairly populated city and I know those RIA’s exist, but never see listings. I would also be open to a fully remote position with a firm located in a different state if the opportunity presents itself. What would you suggest I do after I pass my Series 65? I’ve considered reaching out via LinkedIn for a quick phone call just asking people about their experience and any advice they have for someone looking to get into the industry, not asking for a job or anything, but just making myself known to them for when they do look to hire. I just don’t know if that’s a good idea or if that might be looked down on in the industry. Any advice would be greatly appreciated, thank you!
@Samuel_Borer I think what you’re doing makes a lot of sense and will get you where you want to go. Many people take the BD route because it’s the most common, but if your goal is to work with fee-only RIAs and eventually earn your CFP, then pursuing the Series 65 is the right move.
Breaking into RIAs can be challenging since they’re often smaller and don’t hire as frequently, but having the 65 will definitely make you more marketable. Reaching out on LinkedIn is also a smart idea, it helps you build relationships and makes you more visible for future opportunities. Those conversations can really pay off over time.
After the 65, keep an eye out for paraplanner or client service associate roles, as those are common entry points. Also check firm websites directly and consider broadening your search to remote RIAs if you’re open to that. It may feel like a slow process, but you’re building the right foundation for the career you want. You got this!
Best,
Mataia