HBW

[Norwayguy]

Sorry for the late reply Mr. Joker. What is impressive about the RIA program is the Advisers will not have to personally manage assets if they choose not to. We will be able to use third party money managers who will use active money management. I kind of look at it like this. A new person can get 65 licensed. Now what. They go see a potential client. The client ask well what experience do you have? The agent could say, well I was just licensed last week. Then the agent can say I may not have alot of experience, but let me share with you money managers who do.

Agents are able to take this approach to businesses, wealthy individuals and middle income.. An agent can gather assets under management and build a good income. Then you take in the effect of compounding of the assets under management and the potential income can be impressive. This is from the personal production side. Throw in the potential overrides from a team and it there can be some serious income generated. Now consider this basically no one else is currently doing this and HBW is going national with the RIA program..Of course at HBW there are no requirements for anyone to offer any specific product. So let's say a CPA would like to offer their clients money management. All they would have to do is get 65 licensed and come to HBW. Now for the person who loves their job. Well they could come to HBW ( Part-Time) get 65 licensed and over the course of years they can just build up assets under management. So what if it takes 15 years to get 10, 20 Million under management?

So in my limited opinion. Be it from personal production or with a team, this program has the potential top be huge.

Cornelius have you actually studied for the Series 65 or have you forgotten the excusion to registereing as an investment advisor exists for LATE : Lawyers, Accountants, Teachers and Engineers.

 

[Cornelius]

Norwayguy, Thanks for the info. I am currently in the process of studying for the exam. Yes I just noticed the part about a CPA..The main point of my post was that I tried to convey was the use of third party money managers. I did see that some professionals with certain designations were exempt from having to test. As I am still in the study phase of the 65 and you know how the secuities industry is, I really don't want to say anything that is out of bounds. So just to keep it simple HBW for our RIA program is going national and anyone who is qualified can have the option of coming aboard. Part-Time or full-time..Noncaptive...

Thanks again for the correction.

 

[Norwayguy]

Norwayguy, Thanks for the info. I am currently in the process of studying for the exam. Yes I just noticed the part about a CPA..The main point of my post was that I tried to convey was the use of third party money managers. I did see that some professionals with certain designations were exempt from having to test. As I am still in the study phase of the 65 and you know how the secuities industry is, I really don't want to say anything that is out of bounds. So just to keep it simple HBW for our RIA program is going national and anyone who is qualified can have the option of coming aboard. Part-Time or full-time..Noncaptive...

Thanks again for the correction.

One more correction. I have spoken with HBW Securities their RIA is currently available in 15 states and they may stressing the word may roll out in other states on a case by case basis according to Sarah Hannaford at HBW Securities Chief Compliance Officer.