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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

Simpler Series 7s (and Fresh Industry Talent?) Are Almost Upon Us

Posted by Howard Diamond

Howard Diamond Quoted
By Miriam Rozen

In less than two months — on Oct.1 — when Finra is scheduled to launch its new streamlined competency exams, get ready for a dramatic change. For the first time in the history of the industry self-regulator, anyone more than 18 years old — including students and aspiring broker-dealer representatives, even if they have not yet been hired by financial firms — may take a Finra entrance exam. No firm affiliation is necessary.

Finra “took out some duplicative sections,” he says. Diamond applauds the opening of exam opportunities for test-takers not affiliated with firms yet. The new policy is “a great idea to entice more people into the industry,” Diamond says.

But few broker-dealer employers have begun to focus on the prospect of new pool of candidates who on their own initiative undergo the testing, he says. The employers will do so eventually, Diamond predicts.

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About Howard Diamond

Chief Operating Officer and General Counsel – A legal and business background combined with over a decade of experience in the wealth advisory space. Already a successful lawyer and litigator, the growth of Diamond Consultants presented a new career opportunity for Howard in 2005. Learn more...

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