Do Financial Planners Need to Be Licensed?

However, they must have securities licensure, which means passing the Series 6 or Series 7 examinations. You'll have to fulfill the ongoing continuing education requirements of both TDI and FINRA to maintain both licenses.

Can I call myself a financial planner?

But most importantly, know that anybody can call themselves a financial advisor or planner, so be cautious, look for professional designations, such as CFP, and ask good questions.

Do financial advisors need to be licensed?

Financial advisers must be licensed. ... From 1 January 2019, new advisers must have a relevant Bachelor's Degree or higher, pass an exam, have completed a professional year and meet ongoing continued professional development requirements. For more information, refer to the ASIC website.