Do I need any licenses or certifications in order for people to hire me to buy stocks online for them?
Question:
I am good at picking stocks. Someone wants to hire me to take control of their online stock account and choose stocks and buy them online for them. Am I allowed to do this now or do I have to get a business license and financial planning certifications?
Answer:
You could open a joint account or maybe they could give you a limited Power of Attorney. In order for you to get paid for it and hold yourself out as an investment advisor you need to take a couple of NASD exams and become registered with your state securities agency.
No.
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