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Licensing Guide
What is the best way to become an H.D. Vest affiliate? How much should you take on and what services will best fit your client base? Take a look at your client list. You can use this guide to gauge their needs and what financial services will address them.
Client Profile: Young Families
At this stage in life, your clients are likely seeking guidance on education planning, life planning and possibly, inheritances. In this instance, your H.D. Vest affiliation choices are:
- Education Planning: Commission-Based or Fee Only
- Life Planning: Insurance
- Inheritances: Commission-Based or Fee Only
Client Profile: Corporate Executives
These clients' financial concerns may center around disability, large IRA rollovers and tax-advantaged investing. For this client base, your H.D. Vest affiliation choices are:
- Disability: Insurance
- Large IRA Rollovers: Commission-Based or Fee Only
- Tax-Advantaged Investing: Commission-Based
Client Profile: Retirees
Retirees need financial guidance on long-term care, IRA distribution planning and estate planning. Your H.D. Vest affiliation options are:
- Long-Term Care: Insurance
- IRA Distribution Planning: Fee Only
- Estate Planning: Commission-Based or Insurance
Client Profile: Small Businesses
If you cater to a small-business client base, your clients' financial needs would most likely be geared to retirement plans, business buyout planning and proceeds from sales. For these areas, your H.D. Vest affiliation options are:
- Retirement Plans: Commission-Based
- Business Buyout Planning: Insurance
- Investing Proceeds From Sale: Commission-Based or Fee Only
Licenses generally required for the following do not include applicable state-specific requirements:
- Mutual funds - Commission: Series 6, 63; Fee Only: Investment Advisory Representative (IAR)
- Stocks, bonds, UITs - Commission: Series 7, 63; Fee Only: IAR
- Fixed insurance - Insurance
- Variable insurance - Commission: Series 6, 63; and Insurance
- Managed accounts - Fee Only: IAR
For more information on our Licensing Guide, call 800.742.7950
