Currently studying for series 7--job as muni bond salesman

so whats your question?


muni bonds is a huge thing for older people and the ultra wealthy. stick with muni bonds in the utility sector. the three month period of studying sounds like morgan stanley

start talking to people now, don't solicit but just let as many people know now what you do and let them know you'll be contacting them again in a couple of months on follow ups.

are with one of the larger broker dealers? ed jones? independent?

when you're in meetings LISTEN LISTEN LISTEN. your prospects should talk 80 percent of the time in the initial meetings. that will go a long way with them.i never was a cold call guy, i built my book through networking.

if you have the opportunity, push for fee based accounts instead of commissions. to me thats the best way to go for both the client and broker, it keeps you on the same team and the client is more comfortable (with my experience anyway. you may have a heavy bond book, but you will have equity accounts as well most likely I'm assuming). its good that you know what your area of attention will be (muni bonds). we do mostly utility muni's (water, sewer, roads, infrastructure for cities) we start in louisiana bc its triple tax free then we look in texas and florida. right now we are trying to find muni's with maturities no more than 7-10 yrs because of interest rates and impending incline with that.

oh and get your 66 and insurance license for variable annuities. once interest rates rise annuity companies will most likely raise their fixed rates. there will be an increased demand for annuities (both variable and fixed) and also opportunities for people who have annuities now with low rates that are out of surrender period that will be looking to get into new, higher rate annuities. to the broker, your usual pay out is pretty good which the annuity company pays to you.

Thanks for the tips

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are with one of the larger broker dealers? ed jones? independent?

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No it's a much, much smaller firm that is family owned and looking to grow

I feel like that is a good situation for someone with no experience to be in, a huge firm sounds terrible to me right now

The series 7 is not that bad, took it a month ago. With 3 months to prepare you should be fine. Don't freak out when you see a question that you have no idea what the frick they are talking about, as it most likely doesn't count.

I assume you are using STC or something of the sort, those programs do a really good job of preparing you for it. Trust what works.

Before you take the test, reread the margin and complex options chapters as those take the longest to get accustomed to.

The most important part is practice tests. Take all the practice tests they have available and reread what you got wrong.

The series 7 will try to trick you with some double negative bullshite (which gets much worse on the 66), so read the question and all the answers twice on the actual test.