floridaindependent.com Open in urlscan Pro
167.71.155.103  Public Scan

Form analysis
1 forms found in the DOM

GET https://floridaindependent.com/

<form role="search" method="get" class="search-form" action="https://floridaindependent.com/">
  <label class="sr-only">Search for:</label>
  <div class="cs-input-group">
    <input type="search" value="" name="s" class="search-field" placeholder="Enter your search topic" required="">
    <button type="submit" class="search-submit">Search</button>
  </div>
</form>

Text Content

 * Finance
 * Business
 * Law
 * Health & Fitness
 * Technology
 * Travel & Entertainment

 * Finance
 * Business
 * Law
 * Health & Fitness
 * Technology
 * Travel & Entertainment



Search for:
Search

FFinance


GET GUIDED TO HIGH NET WORTH FINANCIAL ADVISOR

 * byFlorida Independent
 * November 3, 2021
 * 4 minute read

1
Shares
0
0
1
0

TABLE OF CONTENTS

     1. Create a strategy

 1. Our financial advisors licensed?
    1. License No. 6 in the series
    2. License No. 7 in the series
    3. Licence number. 63 of the series
 2. How does a financial advisor get paid?
 3. Is an accountant the same as a financial advisor?
    1. Advisors help people with their finances by providing advice
    2. The work of an accountant is described below



For financial advisors, high-net-worth (HNW) investors are akin to Halloween
candy bars for children. They’re in great demand, so getting your hands on one
is going to be difficult. If you want to attract HNW investors to your company,
think like a child on Halloween: strategically. We wanted to add giant Milky
Ways to our sugar coma, so we thought strategically. (However, you can probably
dispense with the elaborate outfits.)


 * CREATE A STRATEGY

Recruiting HNW investors is not something you can simply decide to do. If you
want to get them in and keep them there, you must have a strategy that addresses
their unique demands, which vary from and are more sophisticated than those of
mass wealthy investors. You must serve their wants. You should also think about
expanding your services if your primary focus is on investment management.

Estate planning, tax-driven investment strategies, charitable planning, and
tailored wealth management are common needs for high-net-worth individuals
(HNWs). By offering these services, you will be able to stand out from other
advisers vying for the same high-net-worth clients.



Bringing in new customers is a lengthy process. Even more time is required for
the recruitment of HNW investors. The remainder of your company must work well
so that you can focus on it without being distracted. Firms aiming to acquire
and keep high net worth financial advisor customers should not use manual
spreadsheets or laborious operations.


OUR FINANCIAL ADVISORS LICENSED?





Financial advisers are not needed to have any special licences, but in order to
offer investment products, they must have a variety of securities licences.
Which licences an adviser needs depends on the exact goods they want to offer
and the remuneration mechanism they plan to use.


 * LICENSE NO. 6 IN THE SERIES

To offer packaged securities like mutual funds and variable annuities, financial
advisers must pass the Series 6 exam, which is administered by the Financial
Industry Regulatory Authority (FINRA). Individual stocks and bonds cannot be
sold by a financial adviser with just a Series 6 licence.


 * LICENSE NO. 7 IN THE SERIES

Series 7 licences are the highest level available for financial advisors. This
licence, which is managed by FINRA, allows an adviser to offer almost any form
of financial product. Stocks, bonds, options, and futures may all be sold by a
person with a Series 7 licence. Even if you don’t have a current Series 6
licence, you may use the licence to sell bundled securities. Commodities, which
need a Series 3 licence, as well as real estate and life insurance, all of which
have their licences, are the only securities not covered by the Series 7.


 * LICENCE NUMBER. 63 OF THE SERIES

To do business inside the state’s boundaries, high net worth financial advisor
must have a Series 63 licence. In addition to passing the Series 7 or 6, you
must also pass this test. It’s a lot shorter and simpler to complete, lasting
just 75 minutes, but it contains a lot of legalese that might trip up test
takers.

Financial advisers who are paid on a fee-only basis, rather than on a
commission-based one, must have a Series 65 licence. A lot of laws and rules are
covered in this test, since advisers who are paid on commission must follow
different guidelines.


HOW DOES A FINANCIAL ADVISOR GET PAID?





Rich people’s financial planning needs are substantially different from the
needs of the average investor, and they’re also far more complicated. In order
to fund their future needs, wealthy folks depend on a steady stream of income
and cash flow, backed by the assets they’ve amassed through time. Because of
this, financial planning becomes critical for them to ensure that their
investments and current enterprises continue to bring in money.

An ultra-high-net-worth individual (UHNWI) has assets of at least $10 million,
whereas a high-net-worth individual high net worth financial advisor has liquid
assets of $3 million or more. For its FORM ADV, the Securities and Exchange
Commission (SEC) defines a high-net-worth person in a somewhat different way.
HNWIs are defined by the SEC as having investable assets of $750,000 or a net
worth of $1.5 million. In other words, there is no industry-recognized measure
of wealth that identifies someone as a high net worth individual.

It doesn’t matter how much money an HNWI has collected; long-term financial
planning is critical for all HNWIs. Most of the time, this means investing
extremely significant amounts of money in the hopes of generating a profit. They
must also prepare for their tax obligations. HNWIs are at danger of losing a
large amount of their income and missing out on various tax advantages if they
don’t do effective tax preparation. As a result, the financial plans of
high-net-worth individuals (HNWIs) often focus on risk management, wealth
preservation and multiplication, portfolio management, and asset or estate
management.


IS AN ACCOUNTANT THE SAME AS A FINANCIAL ADVISOR?





When you’re attempting to bring your financial life under control, it might be
tough to know where to look. The answer to this question is probably a
combination of the two: a financial adviser. There’s always someone who can help
if you’re worried about something and can’t sleep at night.


 * ADVISORS HELP PEOPLE WITH THEIR FINANCES BY PROVIDING ADVICE

Financial advisors assist their clients in achieving their financial objectives.
They assist a wide range of people, including first-time buyers, young families,
retirees, and investors. They serve everyone. The Financial Conduct Authority
(FCA) regulates and protects customers in the UK by requiring all advisors to
have certain basic qualifications before they can practise.

A financial adviser utilises their knowledge to help others plan for the future
by helping them invest, save, and manage their money. Depending on your needs,
they may assist with one-time projects or provide continuous support. Ethical
investment, wealth management, and financial planning are all areas in which
many advisers have specialised.


 * THE WORK OF AN ACCOUNTANT IS DESCRIBED BELOW

Accountants, like counsellors, are required to retake tests every few years to
keep their licences current. They do things like accounting, tax preparation,
and performance analysis on a daily basis. Also, they may have a focus in a
particular area of law, finance, or forensic accounting.

To remain on top of their clients’ financial activities, accountants must stay
current on tax regulations. In addition, they employ their sharp analytical
abilities to spot possible dangers. They are well-suited to help companies,
freelancers, and contractors because of their knowledge.


1
Share 0
Tweet 0
Pin it 1

FLORIDA INDEPENDENT




— Previous article


GENETICS, PREGNANCY, AND OTHER DETERMINING FACTORS OF BREASTS SIZE

Next article —


YOUR WELLNESS GUIDE: HOW TO REPLACE ELECTROLYTES

YOU MAY ALSO LIKE

FFinance
Read More
 * 5 minute read


PERSONAL LOANS IN AUSTRALIA: READ THIS BEFORE APPLYING

 * byFlorida Independent
 * October 16, 2019

Table of Contents Understanding Personal LoansHow Can I Get a Personal Loan in
Australia?Types of Personal LoansEligibility RequirementsWhat…
FFinance
Read More
 * 3 minute read


GO IT A-LOAN: 5 TIPS FOR TAKING OUT A PERSONAL LOAN

 * byFlorida Independent
 * July 23, 2018

Table of Contents 5 Must-Know Tips for Taking Out a Personal LoanCheck Your
Credit ScoreProtect Your Credit By…

MINNESOTA DWI LAWYER – LEVERSON BUDKE



© Copyright 2021 Florida Independent. All rights reserved.
 * Privacy Policy
 * Terms of Use
 * Contact Us
 * About Us
 * RSS Feed