[retiredguy123]

Originally Posted by CoachKandSportsguy

She has passed the Series 65 exam deals with much more content around state regulations via the Uniform Securities Act (USA).

The Series 65 license, known as the Uniform Investment Adviser Law Examination, qualifies individuals to provide investing and general financial advice to clients. Passing the Series 65 exam qualifies individuals as Investment Advisor Representatives (IARs).

What can an IAR do?
IARs are individuals employed by or associated with an investment advisor who make recommendations or otherwise give financial or investment advice.
IARs receive compensation by charging fees either on a commission basis, at a flat or hourly rate, or as a percentage of assets under management (AUM).
IARs must be properly registered, and, at a minimum, complete credentialing exams certified by FINRA and other required regulatory agencies.
IARs are often required to pass the Series 63 and Series 65 exams, though requirements vary by state.
IARs responsibilities include making financial recommendations, managing client accounts, providing advisory services to external parties, or overseeing other IARs.


So she can work in many capacities, but her certifications give her the ability to manage money in the state of Ohio, and charge a fee for AUM, if you choose her to do so. She is independent of a brokerage, so she can sell any investment, or manage any level of money, as well as give hourly only advice without selling any investments.

She has impressive credentials, and most likely starts with an hourly fee, and can legally move up the financial food chain if you want her to. So she can do both, but as an independent, doesn't have a sales quota to sell to keep her job. In fact, she may recommend an ETF based portfolio, with rebalancing, etc, which is independent from Fidelity or Schwab, etc.

Thanks. According to her website, she is a "fee-only" advisor and a certified financial planner (CFP), and she will tailor her services and advice to meet the client's specific needs. She doesn't work for commissions. As far as I know, any CFP can sell advice to clients in any state. I sent her a message asking her to explain why she cannot do business in all states.