One more time Parahost,  You asked for an answer about which company would allow part time:

PRIMERICA

Now go scam some lil' 'ol ladies out of their pensions.  After your conscience gets too heavy and maybe you've emptied the hot air out of your head (I am assuming you wanted advice and insight from people who actually DO what it is you are wanting to do) then bring your humility and sincere interest in hearing the truth back here and maybe you'll learn something.

Look, it's not impossible to do this part time, in fact I know a lot of guys who come pretty close (30 hours a week and take 3 or more months off a year), except the fact is that they all have been doing this for a long time.   That's one of the potential perks of this work is that at some point in time you can do it less than 40 hours a week and make a nice income, but that's not until you have a healthy book of clients with whom you have spent many years earning their loyalty through providing outstanding service and advice.  When those relationships are cemented to you, you can start to relax a little; until then you'll have guys like Blarmston and I calling on them regularly (or bank tellers, or their tax preparer etc....) and creating lot's of little fissures in your relationships with your clients.  If I was talking to one of your clients (assuming you were in the business part time), I would say to them point blank "Look Mr. Anderson, I work 60 to 70 hours a week and live and breathe this business. About 15 to 20 hours of that time is spent in researching the various markets and investment oportunities alone.  Do you really think that some one who only puts in 20 hours a week is a better person to steward your financial life than me?" 

Para, I would have more humility if I were in your shoes.

Para:

I don't think you understand how much work goes into actually acquiring clients. 

To give you an idea, I have recently had to restart my career after an out of state move, so my activities reflect somewhat what a new person in this business should be doing, except I know how to get people's money now (it takes a good year at least, of falling on your face and getting rejected FULL TIME to get your pitch really smooth).

Heres what my day looks like (generally speaking):

Monday through Friday

In at 8:00 am catching up on markets, previous tasks while eating my breakfast

9:00 to 10:00am cold calling

10:00am to 10:15am quick break

10:15am to 11:30 cold calling

11:30 to 12:30 calling clients and taking care of misc paperwork

12:30 to 1:30 lunch at my desk

1:30 to 2:30 cold calling

2:30 to 2:45 quick break

2:45 to 3:30 cold calling

3:30 to 5:30 open for appointments, calling prospects, clients and taking care of openning accounts paper work etc...

5:30 to 7:30 warm calls to prospects or clients. preparing mailers and various marketing materials.

7:30 to 8:30 reading

Saturdays

10:30 to 3:30: reading, cleaning up misc...  some calls

I'm about 3 months into my new job and I can tell you that I am far from making even a decent income off of my business, if it weren't for a temporary salary I'd be dead in the water.  I'm by no means as successful (yet) as a lot of the guys on this board (assuming that they are honest).  Understand that before I got into the business 3 years ago, I knew it was really, really hard; but even then I had no clue.

There are a ton of people in this business who work 60 hours a week in their first 3 to 5 years and only make $30k to $40k in income.  Now you said that you weren't willing to work for $50 to $60  an hour, do the math bud. 

Now put down the bong and lighter, open the windows to let the smoke out of the dorm room dude ().

Para:



I don’t know you and really don’t care what you do, but the one piece of advice I would say is LISTEN TO THESE POSTS.



You said you have another business, so you probably think it doesn’t
matter if you have few clients because you make money another
way.  Fine.



Putting the money and the prospecting aside, what I find so ridiculous
about your posts is your complete niavity and ignorance of what WE
(true financial professionals, not product pushing salesmen) ACTUALLY
DO!!!



So you meet with a business owner with no retirement plan…are you
gonna recommend a 401K , a SEP, a 412i, a SIMPLE, or what?  Do you
know why you would do one or the other?  Ever heard of
ERISA?  Backtesting?  ANYTHING???



You meet with someone about to retire with a pension?  Which
option are you going to recommend?  Max pay?  Reduced pay
with survivor bene? Lump sum?  Why?   What else could you
do?  How would life insurance play in?



Don’t take the time to go try and research these questions…they are
examples of some of the issues we deal with every day, and they are the
tip of the iceberg.



I could go on and on…fact is you are too STUPID to realize how
IMPORTANT this career is, and how the recommendations we make can have
a profound impact on people. 



And yes, I say STUPID because I started this career right out of
college also (actually I had an internship WHILE in school with a firm)
and I NEVER thought for a moment that this was something easy or
something that could be done right working part-time (unless your 20
yrs in the biz, etc).



When you put yourself out to be a financial professional, people put a
certain degree of value in what you say, and you are obviously
unqualified to recieve it.



So why don’t you just stick to mowing yards and trimming hedges or
whatever “flexible business” you have and save some people some money.

[quote=BankFC]Para:

I don't know you and really don't care what you do, but the one piece of advice I would say is LISTEN TO THESE POSTS.

You said you have another business, so you probably think it doesn't matter if you have few clients because you make money another way.  Fine.

Putting the money and the prospecting aside, what I find so ridiculous about your posts is your complete niavity and ignorance of what WE (true financial professionals, not product pushing salesmen) ACTUALLY DO!!!

So you meet with a business owner with no retirement plan...are you gonna recommend a 401K , a SEP, a 412i, a SIMPLE, or what?  Do you know why you would do one or the other?  Ever heard of ERISA?  Backtesting?  ANYTHING???

You meet with someone about to retire with a pension?  Which option are you going to recommend?  Max pay?  Reduced pay with survivor bene? Lump sum?  Why?   What else could you do?  How would life insurance play in?

Don't take the time to go try and research these questions...they are examples of some of the issues we deal with every day, and they are the tip of the iceberg.

I could go on and on...fact is you are too STUPID to realize how IMPORTANT this career is, and how the recommendations we make can have a profound impact on people. 

And yes, I say STUPID because I started this career right out of college also (actually I had an internship WHILE in school with a firm) and I NEVER thought for a moment that this was something easy or something that could be done right working part-time (unless your 20 yrs in the biz, etc).

When you put yourself out to be a financial professional, people put a certain degree of value in what you say, and you are obviously unqualified to recieve it.

So why don't you just stick to mowing yards and trimming hedges or whatever "flexible business" you have and save some people some money.
[/quote]

You sure spend a lot of time posting at people that you don't know or care about. Why do you care about ME so much?

Dirk,



I don’t care about you.  I am taking the holiday off, and I have
been watching HBO and reading posts for about an hour…and look, Dirk
is on AGAIN.



I think you should ask yourself why YOU spend so much time posting…

Man you two really need to call a truce for a while…it’s getting a bit silly at this point.

[quote=BankFC]Dirk,

I don't care about you.  I am taking the holiday off, and I have been watching HBO and reading posts for about an hour...and look, Dirk is on AGAIN.

I think you should ask yourself why YOU spend so much time posting...
[/quote]

I'm just kickin' it with my baby's mama today. Word.

[quote=dude]

He'd need the series 65 if he doesn't have his series 7.  Series 65 is much harder than the 66.

As far as not trusting any of us to manage your money, I got this great variable annuity where you'd get all your money back if things didn't work out. 

[/quote]

Why do you say that.  I just took the 66 and it says it the front of the Dearborn book that the 66 is the combin. of the 63 and the 65

I think if you are working too hard in this business and you hate it, you are probably not right for the business . . and you never will be.

Accounts and working with people come very easy for me.  I love my job, but I have a family and they come first.

I bet this guy just has a HUGE portfolio and doesn't want to pay fees and comissions anymore.

The 65 is harder than the 66…that’s the consensus.

Why??

If you have a whole test full of hard stuff, or a test half full of hard stuff and half full of pretty easy stuff, which test would be harder???

Whatever Bank FC

Why would you take two tests instead of one?  That makes no sense.

The 66 allows you to be a fiduciary and manage your clients money.  The 63 or the 65 do not allow you to cover the full spectrum.

So again, take the 66.

I'm taking the 65.  The 66 requires that you hold a series 7, which I do as well as a 63, but the 65 can be a stand alone license so I could operate as an IAR even without a series 7....if I wanted to drop it in the future.  (I think...some one correct me if I'm wrong)  I believe that you can act in a fiduciary capacity with a series 65 as well as a combo 66/7.

Series 66 is the combined 65 and 63 exam.

You never know, so why not take the harder exam while I'm at it?  Its only 30 more questions. 

Maybe:

You have to take two tests if you want to be 66 licensed:

Series 7 (that's one test)

Series 66 (that's two tests)

Let's try the math again........nevermind.

the 65 is probably easier than the 7 and the 66 together, but is more difficult standalone compared to the 66.

The 65 is for guys who only want to be an RIA and don't want to have any possibility of the percieved conflicts of interest that a series 7 can establish, in addition to the extra registration requirements, compliance etc.....