Hello, I'll be starting out as a financial advisor for the Mutual of Omaha this July. I've already passed my Life/Health exam and I plan to get my series 65 as it is a part of their advisor financing plan. I was wondering if I could get some advice on how to put my best foot forward and hit the ground running with MoO, in respect to my relationship with my sales manager (I feel like this MoO office has a good culture), sales, training, etc... Any advice would be appreciated.
Starting out with Mutual Of Omaha
- Thread starter israel7
- Start date
- 11,275
https://insurance-forums.com/commun...mutual-of-omaha-career-agent-resources.41669/
First, to offer investments, you'll need to get your Series 6 & 63. Your series 65 will only be helpful after you pass these other two exams.
Second, recognize that the majority of Mutual of Omaha agents... aren't securities licensed. Remember that their core business is life insurance and annuities. I'd study up on their new IUL policy.
Third, you need a prospecting and marketing plan. Who are you going to offer a consultation to?
Lots of ideas here:
https://insurance-forums.com/community/threads/guidance-for-new-life-agents.29999/
And here:
https://insurance-forums.com/community/threads/d2d-l-h-annuities-tracker.88391/
Unless you already have your "project 200" ready to go?
First, to offer investments, you'll need to get your Series 6 & 63. Your series 65 will only be helpful after you pass these other two exams.
Second, recognize that the majority of Mutual of Omaha agents... aren't securities licensed. Remember that their core business is life insurance and annuities. I'd study up on their new IUL policy.
Third, you need a prospecting and marketing plan. Who are you going to offer a consultation to?
Lots of ideas here:
https://insurance-forums.com/community/threads/guidance-for-new-life-agents.29999/
And here:
https://insurance-forums.com/community/threads/d2d-l-h-annuities-tracker.88391/
Unless you already have your "project 200" ready to go?
Not to take away from the rest of the post (because I agree) but you do not need to have a FINRA association to get the 65.
It may be semantics but while you can't "sell" securities you can "advise" on them for a fee with just a 65.
I guess that it depends on what you consider "offering investments" to include.
- 11,275
Captive agency rules would be that you have to be affiliated with their B/D before you can be affiliated with their RIA. And until you're appointed with an RIA, you cannot give portfolio advice of any kind, even if you did pass the Series 65.
Fair enough...you know that world better than I do.
Tim Resnick
Super Genius
- 129
No kidding. So you don't have to be regulated / associated with / by FINRA to get your series 65?
I thought that was a given?
Got any proof of that?
Thanks (most people know/think otherwise).
- 11,275
Introduction to the Series 65 exam
Do I Need a Sponsor? : series65test.com
And here's the regulator site:
Exam FAQs - NASAA
Do I Need a Sponsor? : series65test.com
And here's the regulator site:
Exam FAQs - NASAA
Meaning that you don't need a 6 or 7 as was mentioned above. It is still a FINRA test, you just don't need a b/d affiliation.
Exam FAQs - NASAA
Sorry if I wasn't clear.
Thanks...looks like you beat me to the punch.
Last edited:
Tim Resnick
Super Genius
- 129
Thanks very much.
You don't need a sponsor to take the exam but 'I think' you need to hang your license under a company to operate "Correct?"
You don't need a sponsor to take the exam but 'I think' you need to hang your license under a company to operate "Correct?"
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