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You do not have to be bonded, but registration and licenses are required.
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What can you do or sell with a Series 6 license?
The Series 6 allows you to sell open ended funds (mutual funds), Unit Investment Trusts and ETF's (new issues only), Face Amount Certificate Companies, new issues of closed-ended funds, and variable insurance products (if you also have you insurance licensing in your state). You can NOT sell individual stocks or bonds.
What five services that a bank supply?
banks accept deposits,grant loans,sell insurance products,sell investment products like mutual funds and provide safe deposit lockers and vaults.
How does a hedge fund differ from a mutual fund?
Hedge funds and mutual funds are both managed portfolios in which the securities are picked by a fund manager. The securities that are picked are the ones that the manager feels will perform well and are grouped into a single portfolio. Portions of these funds are then sold to investors who are allowed to participate in the gains and losses of the holdings. However hedge funds are more aggressively managed as compared to mutual funds. They can take speculative positions in derivative securities such as options and can also short sell stocks which will increase the leverage of the fund. This means that hedge funds can also make money in an economic downturn. Mutual funds in comparison cannot take such leveraged positions and do not involve the same level of risk. Hedge funds also differ from mutual funds in their availability. They are only available to a specific group of investors with high net worth while mutual funds are available to any investors with even minimal amounts of money. There are a number of investment companies in India that invest in hedge funds as well as mutual funds of which Reliance mutual funds is a very good option.
What are closed-end funds?
Close ended funds are mutual funds that have a lock-in period, i.e., you cannot redeem or sell your units before the date of maturity. Let us say you invest in a 5 year close ended fund today, you can sell it only in 2014.
What are some important differences between mutual funds exchanged trade funds and the hedge funds?
Mutual funds are more heavily regulated than hedge funds. They are more limited in which asset classes they can invest in, whether they can leverage or short sell. Hedge funds have a more liberal regulation. Exchange traded funds, usually refers to funds that trade over the exchange and many times reflect a basket of commodities, or stocks in a given industry.
What are the requirements for a license to sell mutual funds in Texas?
You can take a test to become an insurance agent and to sell mutual funds in Texas. The main requirements are that you are bondable, you haven't committed a felony and that you have passed your test.
What can some insurance sales personnel sell in addition to insurance?
In addition to these services, some agents are now licensed to sell mutual funds, annuities, and securities.
What are series 6 and 63 licenses for?
Series 6 license is require for professionals who sell mutual funds, variable annuities, retirement plans and insurance products as well. While for series 63 license, it is required for those wish to sell only investment company products like mutual funds and money-market funds.
Where can I buy mutual funds online at?
There are several sites that offer information about mutual funds available. One of the best is www.mint.com/invest/mutual-funds/. It is a free site that tells what a mutual fund is & how to buy or sell them online.
What can you do or sell with a Series 6 license?
The Series 6 allows you to sell open ended funds (mutual funds), Unit Investment Trusts and ETF's (new issues only), Face Amount Certificate Companies, new issues of closed-ended funds, and variable insurance products (if you also have you insurance licensing in your state). You can NOT sell individual stocks or bonds.
What five services that a bank supply?
banks accept deposits,grant loans,sell insurance products,sell investment products like mutual funds and provide safe deposit lockers and vaults.
On what basis do mutual funds offer their services?
They sell their shares to investors either directly or through other firms such as broker-dealers, financial planners, employees of insurance companies, and banks.
Can you sell equities with a series 6 license?
No, only mutual funds and fixed annuities.
What kind of insurance does Mutual Community sell?
Mutual Community sells Health Insurance in the United States. Mutual Community also sells General Insurance to the American population. The company recently changed its name.
Does Liberty Mutual sell insurance?
Yes, Liberty Mutual sells insurance. They have home, auto and life insurance. Consumers can save money by bundling the different policies together.
How can you avoid tax upon unloading one family of mutual funds buying into another family of mutual funds?
You can not sell and rebuy without paying capital gains taxes. Your only solution is if this is a 401k to change the amount you buy each month. Such as if you have been buying energy mutual funds and now you want to buy bond funds. Start switching your percentage from to the other. http://www.amfi.com/types/energy-mutual-funds http://www.irs.gov/
Does Frankenmuth Mutual Insurance Company sell manufactured home insurance?
According to their website, they do - but only in the state of Michigan.
