I've considered getting my Series 65 for this same reason, but my concern was how it would affect my other investments. e.g. your typical low-cost brokerage accounts with TD Ameritrade, Schwab, etc are not available for professionals. In fact, it seems like everything costs a lot more if you are a licensed professional.
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I've considered getting my Series 65 for this same reason, but my concern was how it would affect my other investments. e.g. your typical low-cost brokerage accounts with TD Ameritrade, Schwab, etc are not available for professionals. In fact, it seems like everything costs a lot more if you are a licensed professional.
Is this the case for having an accreditation at all makes you an active professional, or that acting professionally you can't use that firm for work?
Eg. my broker (IBKR) lets me log in as a client, as a client of an advisor (who manages the account) or as an advisor (who manages an account).
Would being a legal advisor prevent me from being a independent client?
Does passing Series 65 automatically make you a professional for these intents and purposes?
Nope. There’s a difference between being accredited as an investment advisor and acting as an investment advisor or investment advisor representative.
Source: I passed the series 65 and still use non-professional brokerage accounts
This derails any thoughts I had re Series 65...
How do they verify you are a “professional”?