After Registered Representatives have decided what products they want to offer and which FINRA examination (Series 6 or 7) they need to take and pass, the next step for Registered Representatives is to determine whether they want to offer investment advisory services to their customers. In order to offer investment advisory services, Registered Representatives must be registered as an Investment Adviser Representative at the state level.

Being an Investment Adviser Representative allows an individual to offer a full range of advisory products, including fee-based financial planning and fee-based asset management platforms. An individual who is not appointed as an Investment Advisor Representative through a Registered Investment Advisor is not able to offfer advisory services. ONESCO requires that Registered Representatives be a Registered Representative with our broker dealer in order to become an Investment Adviser Representative through its registered Investment Adviser, ONIMCO.

Registered Representatives who wish to offer investment advisory services will need state securities registration as required by the state where they do business. State requirements can vary widely from state-to-state and some states will typically exempt additional licensing requirements for Registered Representatives who hold a professional designation such as a CPA, CFP or ChFC. Registered Representatives without any professional designations must take and pass either the Series 65 or 66. A discussion of the required state security exams is on the following pages.

Individuals interested in offering investment advisory services should contact ONESCO Contracting & Licensing for additional information as state requirements vary.