How Financial Professionals Can Keep up With Continuing Education

May 3, 2017

Continuing education has always been a great way to keep professionals abreast of new changes in their fields, which made it possible for them to grow in their companies by becoming more valuable than those who have stayed stuck in time. By taking continuing education classes, people can stay on top of all of the changes that have occurred within their industry and regularly expand their arsenal with ever current advice on how to apply new techniques for the good of the business. This short article will talk about some requirements for continuing education for those working in the financial sector. These important aspects are something all people in this field should know. There are many rules and regulations that seem to take forever to comb through and some of them can be streamlined so that you will not become buried underneath everything at once.

More Designations Equal More Credits

There can be much frustration that surrounds credits for continuing education. This is usually because each particular certification or license comes with its very own requirement for continuing education. For instance, stockbrokers that are also certified financial planners have to fulfill an array of requirements for continuing education. These include being approved by the Financial Regulatory Authority for a six series license. Financial Regulatory Authority approved elements are an extremely firm requisite for these licenses. Continuing education work for the Certified Financial Planner license must be approved by the person’s state of residence and have board approved coursework designated to them in order to pass the continuing education exams.

Elements that are Regulatory

The Financial Regulatory Authority has three specific subsections that it is divided into: series 7, series 6 and security licensee supervisors. All the licensees have up to 120 days to finish this part of their requirements for continuing education once they have been with their licenses for 24 months. After this, the requirements must be met once every three years as long as you keep your registration with the Financial Regulatory Authority.  The topics include new rules and regulations, sales issues, communication issues and compliance issues.

Elements that are Firm

Continuing education firm elements apply to a person that is covered by the Financial Regulatory Authority. These people include those who are involved with trading securities in any form and sales. This type of continuing education training is developed by the actual company or gotten from other companies that do the same type of business. The focus of this continuing education program is industry changes that happen year by year. It is more important for people who work as financial planners since the training typically covers topics that are practical such as strategies for financial planning and training for new product distribution. This training also helps create new business for the planners.