How do you start a financial services company?
November 8th, 2008 | by admin |sinceredollars2005 asked:
How do you start your own personal financial services company. What are the steps that one must do besides acquire the required licenses and eduacation? How do you gain access to the financial products that you must sell?
How do you start your own personal financial services company. What are the steps that one must do besides acquire the required licenses and eduacation? How do you gain access to the financial products that you must sell?
2 Responses to “How do you start a financial services company?”
By Richard_Guttman on Nov 11, 2008 | Reply
The direct approach is the best. You find the companies look at their web sites and call them on the phone. Depends on what you are selling. When I worked for a stock broker I remember one of the big mutual fund companies visiting us so that we could sell their products.
By ynot on Nov 12, 2008 | Reply
Since you’ve never been in business before, I would strongly recommend that you talk to a business counselor before you do anything especially spend money. You have to determine whether you’ll start a web based business or one with a store front. I’d call the local office of SCORE (go to and input your zip code to find the chapter nearest you), the advice is FREE.
The counselor at SCORE will most likely advise you to write a business plan which is very good advice because it will force you to dig out all of the start up details and the costs of starting a financial services company and force you to also understand all of the aspects of this business including the customers you’ll concentrate on (your market ) and how you’ll go after them.
You’ll need to register the business with your state controller’s office and make sure that you have any city and county licenses if any are needed where you live. All of this will come out in a business plan.
Try this link : and read some of the articles especially the ones about a business plan and starting a business.
Good Luck