You've passed your Series 65 exam - congratulations! But what happens next? The Series 65 exam is a necessary requirement for those who wish to become investment advisor representatives (IARs). Once you've passed the exam, you will have the knowledge and skills to provide investment advice and manage client portfolios. However, there are a few more steps you need to take before you can officially start working as an IAR.

1. Register with a Regulatory Authority The first step is to register with a regulatory authority, such as the Financial Industry Regulatory Authority (FINRA) or the Securities and Exchange Commission (SEC). To register, you will need to submit an application and pay the relevant fees. You will also need to disclose any previous disciplinary actions or criminal convictions.

2. Find a Firm to Work With Once you have registered, you need to find a firm to work with. You can either work with an existing investment advisory firm or start your own firm. When choosing a firm, consider factors such as compensation, support, and work culture. You will need to enter into a contract with the firm, specifying your responsibilities and the terms of your employment.

3. Obtain Insurance Coverage As an IAR, you are required to obtain professional liability insurance. This insurance will protect you against claims made by clients, such as claims of negligence or mismanagement. The amount of insurance coverage you need will depend on the size of your business and the type of services you offer.

4. Establish a Business Plan Once you have registered, obtained insurance, and found a firm to work with, it's time to establish a business plan. Your business plan should include your goals, strategies, and action plan for attracting and retaining clients. It should also outline your marketing and sales strategy, as well as your operational plan for managing client portfolios.

5. Build a Network
Networking is essential for the success of any business, and the investment advisory business is no exception. Attend industry events, join professional organizations, and connect with other IARs and financial professionals. Building a strong network can help you find new clients, gain exposure, and receive support and advice from others in the industry.

Passing the Series 65 exam is an important step in the journey to becoming an investment advisor representative. By following these steps, you can start your new career with confidence and build a successful business helping clients achieve their financial goals.