u/TheOneAndOnlyRusty

Currently working in WM as an advisor, and as the title states, I’m really struggling to get clients.

I just started and I work with a firm as self-employed and I knew it would be difficult, but I honestly don’t know what to do at this point. I’m running out of savings fast, and I just can’t seem to get clients. I’ve called everyone I can possibly think of and more, no one answers.

Once I can get people onto meetings, things seem to go well, but it’s a very slow burn converting them into actual clients (getting all the paperwork done), so have I only a few clients; with a few more pending, but I have absolutely nothing in the pipeline once these new deals start coming through.

I’ve been asking for referrals, calling, leveraging LinkedIn, and I feel like I’m doing everything right, but it’s just very difficult.

I’m at the point where if I don’t start making money, I’m going to be completely out of money by December. I’ve sold pretty much everything I own and I’m cutting down spending even more now.

The biggest problem though is I LOVE my job, but I just can’t get clients… So if anyone has any advice, I’d love to hear it, I know this is a struggle that everyone seems to go through as an Advisor, but no one seems to actually be real about it.

I’ve done all my series exams with PassPerfect, I did the SIE, 63, 65, 7 and I loved the format, I saw a lot of people here recommend Kaplan and nothing about PassPerfect for insurance, so I decided to give it a try.

Holy shit, Kaplan is horrible. The format is unbearable. Genuinely the worst learning platform I’ve ever experienced, it’s unbearable.

I’m just going to rip the cram sheets, make a gizmo, bang that out for a couple days, then do practice exams.

Passed my Series 7, now officially done with all licensing exams!

Today I finally passed my Series 7, after about 4 weeks of studying. In the past few months I was able to take my SIE, 63, 65, & 7.

Passing the first three, secured my position in a WM firm, where I was then sponsored for the 7.

I am so glad to finally be done, but I’m also going to miss the study grind. I still have a couple insurance exams to go, but as far as I’m aware, those should be pretty easy in comparison.

Tips for the 7:

KNOW YOUR OPTIONS!!!

This goes well past knowing options calculations and break evens, the exam will push you to actually apply options strategies to get a certain result, which was a big surprise to me. You should also know how expiring options/exercise works.

Margin I got 1 question, balance sheets I got 1 question.

A few of the suitability questions can be complex.

Exam is bond heavy.

Overall though, I was scoring very high on my PassPerfect practice tests, and as a result, the exam really wasn’t bad.

About half way in I was hyper focusing on things I got confused about, but then I remembered inch by inch the tests a sinch, yard by yard, the test is hard (or whatever he says.)

Anyways, if I can give you any advice, just read the damn book, none of these YouTube videos will give you the in depth knowledge that the you truly need for this exam, you need extensive exposure to the topics.

Today I finally passed my Series 7, after about 4 weeks of studying. In the past few months I was able to take my SIE, 63, 65, & 7.

Passing the first three, secured my position in a WM firm, where I was then sponsored for the 7.

I am so glad to finally be done, but I’m also going to miss the study grind. I still have a couple insurance exams to go, but as far as I’m aware, those should be pretty easy in comparison.

Tips for the 7:

KNOW YOUR OPTIONS!!!

This goes well past knowing options calculations and break evens, the exam will push you to actually apply options strategies to get a certain result, which was a big surprise to me. You should also know how expiring options/exercise works.

Margin I got 1 question, balance sheets I got 1 question.

A few of the suitability questions can be complex.

Exam is bond heavy.

Overall though, I was scoring very high on my PassPerfect practice tests, and as a result, the exam really wasn’t bad.

About half way in I was hyper focusing on things I got confused about, but then I remembered inch by inch the tests a sinch, yard by yard, the test is hard (or whatever he says.)

Anyways, if I can give you any advice, just read the damn book, none of these YouTube videos will give you the in depth knowledge that the you truly need for this exam, you need extensive exposure to the topics.

Hello, I am going to be taking my S7 next week. I wanna preface and say I do have some background on these exams, all with PP SIE, 63, and 65.

I am scoring between 80%-87% on the practice finals, with an average of 84%. I was wondering how these practice exams compare and if my scores are in a good spot to take the exam, hopefully Monday, just depends on how fast I can get a spot after my U4 is filed tomorrow.

I see many people complain about options, saying they are difficult, which they can be. The problem with options isn’t necessarily the difficulty of options, it’s really that you aren’t approaching them correctly.

When people look at an options question, they try to do mental math, or they pull out a calculator and start adding things together, this isn’t the correct strategy.

A really great method for figuring out options is just writing them down. Once you put the numbers on a paper and start physically doing the math, the answer will likely come to you much quicker. There’s been countless option questions where I had no idea what I was looking at, but after I simply just wrote things down the answer usually becomes obvious, especially with spreads.

REMEMBER, you WILL have a dry erase marker & board during the exam, so you should definitely use it.

Anyways, that’s just my two cents, if you have other tips or tricks, drop them below.

I’ve already passed SIE, 63, & 65, and I am just starting my prep for the 7, just about 25% through the book, and I have come across a few quiz questions that require me to know how many days are in each month of the year for treasury bonds.

Is this actually something I need to memorize? I mean it’s easy to memorize but just comes across as redundant & a big waste of time counting out all the months during the exam.

This morning, after only 3 hours of sleep I was able to pass the S65 exam! I didn’t choose to only sleep three hours, but unfortunately my body had different plans…

I’m glad to have this under my belt, and the exam came pretty straightforward for me since I already did the SIE & 63. There was definitely a lot more trick questions, in this exam, and some topics which I don’t remember even going in my studies, but al last I passed.

Big shoutout to Ken Finnen & PassPerfect as usual, both of them were great sources to study.

For practice exams I was scoring between 85%-91%.

Exam took me a hour and a half.

I’m on chapter 7/9 on PassPerfect and I’ve only come across like 2 equations, for the most part this whole textbook so far has just been review from the SIE & 63 other.

I’m just wondering though, why do people keep stressing the equations so much? Based on what i’ve seen theres about 5 math/solving questions, and it’s a 130 question exam.

Also when do these equations pop up… so far it’s just been stuff like parity price or after-tax bond yield.

Hello, as the post states, I just passed my Series 63 today using PassPerfect, and I just purchased the exam study prep for the 65, and I've purchased an exam slot on FINRA, which I'm yet to schedule.

I was wondering if anyone has any advice on how I can transfer the 63 into the 65.

Has anyone taken MGMT406 with Nataliya Acc-Nikhemar? I’m between that or MGMT455 with S. Gurumurthi.

If I switch to MGMT406, I can avoid having SCM422 from Yavuz Idug which I believe would end up being a pretty difficult class, as I already don’t like the professor, and it doesn’t really relate to my major. I would be able to take SCM418 with Gustavo Del Rivero instead, who I think is probably the best professor on campus.

I finally took my SIE after about 3 weeks of studying 4/5 days a week for 4-6 hours a day.

I definitely feel I overstudied for this exam, but I don’t regret it at all.

I used pass perfect and I highly recommend reading the textbook instead of just exams as you will risk memorization over comprehension. These questions were a lot simpler than pass perfect which would actually throw you off if you don’t read the textbook.

I am currently studying for the SIE exam and will be taking it on Friday. I was sitting and randomly the $100 gift rule came up in my head, I googled to make sure my understanding was correct and I found out that the $100 rule is now $300 according to FINRA.

I’ve been studying with pass perfect, and it still states $100, on the SIE if this question comes up would it be the new updated $300 figure, or the old $100?

I am currently scheduled to take the SIE in person on Friday. I am currently using PassPerfect for my studying, and I've read the entire textbook, and I have been doing practice tests and scoring above 80% on each exam. PP currently estimates that my likelihood of passing is 95%, but I was wondering if anyone has any advice for me. I did hear that the PP exams are more difficult than the actual exam, and I wanted to know the validity of that claim.

I am pretty confident, and I am able to complete these practice exams between 30 and 35 minutes each time, but I notice that sometimes I am slipping up and messing up on obvious questions.

I am about to move on to the randomized exams, but I was wondering what I should do in addition to just taking practice exams and then reviewing the incorrect questions after.

Any advice would be greatly appreciated.