January 22, 2005
I am all for having qualified and licensed people helping clients with investment decisions. I can offer fee based or commission services to clients through my B/D they have an RIA for applicable work under fee based programs. I have NASD licenses 7, 24, 63 and am supposedly exempt from Series 65 because of my CFP and PFS designations. I am totally against a fee based advisor giving any investment advice unless they also have taken and passed the applicable Series 7 or 6 exams. You should standardize the exams to make all of us have similar credentials. No free ride for fee based advisors who give investment advice without having their Series 6 or 7. Thank you.