Instructions

Make sure that your Series 7 license is current. Otherwise, you will not be able to open new accounts, place trades or sell financial service products to your clients. The Series 7 exam is administered by the Financial Industry Regulatory Authority and is a basic requirement to work in the brokerage industry. To take the Series 7 exam, you must be sponsored by a financial services company that is a member of FINRA or a self-regulatory organization.

Develop your business plan. It should address such matters as how you plan on funding the brokerage firm, your growth strategy and your target market. If you are seeking start-up capital, be prepared to discuss your business plan to potential investors and bankers. This is where your experience as a broker comes in. Rather than selling securities, you are selling yourself.

References

Resources

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