I plan to be an investment advisor who charges my clients a 1% managment fee, holds assets at a Fidelity or Schwab type company, recommends investments, and places traded on behalf of my clients. I've heard different things about what certificiations I need to do this. Some say just RIA. Some say Series 7. One catch is, if I am new to the industry, apparently I can become a RIA on my own, but I need to be sponsored by a brokerage firm to get a series seven. But I don't want to be an employee of a brokerage firm, I want to remain independent. I guess there's no way to remain independent and get a series 7, but then again, perhaps I don't need a series 7? Thanks.