The securities industry is one of the fastest-growing sectors globally. In America alone, there are over 17,000 broker-dealers. These high numbers reaffirm the exponential growth in the industry.
Becoming a broker-dealer is an easy process with simple procedures. Among them is the FINRA licensing exams that create the foundation of your certification and involvement in trading activities. FINRA exam sponsorship and finding the right firms to support you are all part of the licensing process.
Below are top benefits of broker-dealer sponsorship.
Independence is one of the greatest gifts that come with FINRA licensing exams sponsorship because it gives you a chance to trade as an individual. The average size of an 1PO deal in America is approximately $108 million. A figure that shows the lucrative nature of the industry and what awaits you as an independent contractor.
No Long Term Commitments
Firms have adopted different terms of operation. The conditions in firm A will never be similar to those in firm B. The difference in policies means that you will have some considerations and compromises to make.
Take your time to look for FINRA licensing exams sponsorship with lenient terms. As a certified broker-dealer, the last thing you want to imagine is a long term commitment with your sponsor. Such obligations will make it hard to practice independently and build your brand.
The best part about it is that in most cases, there are no long term commitments. As long as you have shown high levels of responsibility and mastery of the necessary skills, firms will release you to pursue your dreams.
Equips You With the Right Skills
A broker-dealer sponsorship is more than the FINRA licensing exams. Before potential firms can sponsor you, there has to be an internship period. These internships may be paid or free, depending on the contractual agreement.
The pay should be a non-issue here. After all, you are the one supposed to be paying for the privileges provided. Remember that these firms give you first-hand experience of the industry.
The skills obtained from such sessions will be of great help as you pursue your independence. Take every bit of the internship seriously and learn all the basics. Your keenness and mastery of the crucial skills will also convince such firms to invest in your FINRA exam sponsorship.
Smoothens the Licensing Process
To become a certified broker-dealer, you will need the right documents that come after successfully pursuing the FINRA licensing exams.
Sponsoring firms are headed by individuals who have been in business a long time, and they clearly understand the ups and downs of the industry. Depending on how you relate with them, obtaining an investment banking license is easy.
FINRA licensing exams come at the end of a successful engagement with an established firm. Abide by the principles of the sponsor and watch everything else fall into place. Apart from paying for your exams, they will ensure that your license is processed in record time.
Gives You a Starting Point in Life
Aspiring broker dealers in Atlanta want to pursue their independence as soon as they get their licenses. You will, however, need to note that succeeding in the securities industry requires more than an operating license.
Convincing potential clients will be a hard task, especially when there is no experience and testimonials to prove it. Luckily, these sponsorship firms will hire you for your services, so use such opportunities to build your resume.
Apart from the resume, a FINRA exam sponsorship may come with additional packages which include a worthy compensation. It is wise to redeem your reward and use it to pursue your independence as a certified broker dealer.
Broker dealers in Atlanta have mastered the art of winning the financial support of sponsors. Broker-dealers have to package themselves appropriately to convince potential sponsors. Take advantage of FINRA licensing exams sponsorships and learn the basics of the industry. For more information on FINRA licensing exams, contact us today.