What A Financial Services Consultant At Capstone Partners Financial Wishes They Had Known Before Entering The Financial Services Industry
Byron, a Financial Services Consultant, wishes they had taken the SIE exam earlier, stating "I wish I would've taken, taken my SIE exam a lot earlier," because it's a prerequisite for other necessary licenses to sell securities and would have allowed a quicker start to their career in wealth management. This highlights the importance of proactive licensing for faster career progression in the financial services industry.
Financial Services, Wealth Management, Securities Licenses, SIE Exam, Career Acceleration
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Byron Lopez
Financial Services Consultant
Capstone Partners Financial
Loyola Maymount university
UT Austin
Economics
Finance (Banking, Fintech, Investing)
Finance
Veteran
Video Highlights
1. Getting the SIE exam early can accelerate your career in finance.
2. You need security licenses (like Series 7 and 66) to work in wealth management.
3. It is possible to obtain the SIE exam while still in college, saving time after graduation
Transcript
What have you learned about this role that you wish someone would've told you before you entered the industry?
One thing I wish I had done earlier is taken my SIE exam. For the first couple of months working for my company, I spent a lot of time studying for it. The Securities Industry Essentials exam is a prerequisite for any job in wealth management or finance that requires security licenses.
You can't sell securities unless you have a security license. Different types of securities require different licenses. In wealth management, you need the Series 7 and Series 66 licenses.
As a prerequisite for those two exams, you must pass the SIE. You don't need to be employed by a company to take the SIE; you can even take it as a college student. You just need to be 18 or older.
I wish I had taken it earlier while I was still in school. It would have allowed me to start my job already studying for the 7 and 66. This would have definitely accelerated my career progression.