CFP Salary on the basis of Three Series Exam
The Certified Financial Planner (CFP) certification does not directly involve the three series exams (Series 7, Series 63, Series 65/66) typically associated with securities professionals. However, financial planners often hold these licenses, which can impact their job roles and salary potential, especially if they are involved in selling financial products or managing investments.
Here’s a breakdown of typical salary ranges for financial planners or advisors with these licenses, indicating how holding these licenses might influence their compensation:
| Exam | Job Role | Average Salary Range | Description |
|---|---|---|---|
| Series 7 (General Securities Representative) |
Financial Advisor | $50,000 – $100,000+ | Enables the holder to sell a broad range of securities. Often required for jobs involving direct sales of stocks, bonds, and mutual funds. |
| Series 63 (Uniform Securities Agent State Law Examination) |
Financial Advisor, State-specific roles | $50,000 – $100,000+ | Required by most states along with Series 7 for financial advisors to legally sell securities. |
| Series 65 (Uniform Investment Adviser Law Exam) |
Investment Advisor Representative | $60,000 – $120,000+ | Qualifies the holder to provide paid advice about investments. Often a requisite for fee-based advisory services. |
| Series 66 (Combined Series 63 and 65) |
Investment Advisor Representative | $60,000 – $120,000+ | Combines the qualifications of the Series 63 and 65, streamlining the process for becoming a full-service investment advisor. |