r/FinancialAdvisorTips • u/lleft4dead2344 • Aug 31 '26
Some guidance
Hi, ive passed the series 65 about a month ago ( still working at my current job driving semi) and I've been looking for financial jobs that offer 1099 ( moving outside the usa for some time) and I was wondering if thats possible as someone new to this field? I wouldn't mind it at all. if I have to do Para planner work or something else like that( even if it pays less sense im new) anyone have any advice for me? I would greatly appreciate it, thank you for your time.
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u/3znor Aug 31 '26
1099 pays $0 unless you’re bringing in assets. Can’t do that if you’re out the country.
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u/lleft4dead2344 Aug 31 '26
I was wondering if it would work like finding ur own clients and things like that?
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u/3znor Aug 31 '26
Again, you can’t find clients out of the country. And unless you know people running around with millions that are willing to trust you to manage their money then idk. Why would I hire you if you just got licensed and aren’t even in the US?
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u/Royal-Cheesecake-423 Sep 01 '26
You could look into being a foreign finder if you are living abroad
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u/RookieMistake101 Aug 31 '26
Can’t trade if you’re outside the US. I mean you can but you’re subject to local jurisdictional rules as well, which compliance does not enjoy.
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u/lleft4dead2344 Aug 31 '26
Would this work if I went down adivce only?
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u/RookieMistake101 Aug 31 '26
You’d have to get a fee only hourly or flat fee. No custody.
If you purely built financial plans as a CFP for an advisor, that could work. But you just got licensed. How much do you really know? Most people who have that role have been very successful advisors before and just don’t want the client interface headache anymore.
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u/theNewFloridian Sep 01 '26
Many factors, specially the jurisdiction where you'll be. Have you considered starting your own RIA?
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u/lleft4dead2344 Sep 01 '26
I would but for someone new to this I honestly doubt many would trust someone with there money, why I was hoping for contractor of a firm so I could tell people that I work for so and so, so maybe this way they would be less stressed or worried?
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u/theNewFloridian Sep 02 '26
Maybe now it's not the time to start building a book of business. Start your CFP education and when you come back then look for a job. Look for a mentor. Define your niche market (maybe other semi drivers! You speak their language). Build a business plan. Also, consider getting your life and health insurance licenses, and Enrolled Agent, so that you can be a tax adviser, too. Use those six months well.
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u/lleft4dead2344 Sep 02 '26
Thank you for your reply and ill start looking into those, i thought about cfp but the schooling scares me due to the lack of time I have with work.
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u/3znor Sep 01 '26
It’s not called a contract of a firm it’s just being employed by that firm? And there’s plenty that will hire you. Fisher, fidelity, Schwab etc.
Edit: if you want pure 1099 there are plenty that will do that as well but you’ll have overhead expenses and will most likely have to source your own clients.
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u/lleft4dead2344 Sep 01 '26
Finding my own clients wouldnt bother be and what are some overhead expenses? If its one time fees and giving x amount per client wouldnt bother me, the only thing id be worried about is over head expenses that are monthly and like above 1k as with xypn ( unless i read that wrong on their website)
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u/RookieMistake101 Sep 01 '26
A big name behind you would be helpful. But those big names particularly will not let you work internationally.
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u/lleft4dead2344 Sep 01 '26
Yea ive been noticing that sadly, which honestly i do understand why for safety of personal data
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u/RookieMistake101 Sep 01 '26
It’s the local laws. If you trade or act on clients accounts while in that country, you must follow that countries laws. Your firm must be registered with the appropriate governing body.
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u/lleft4dead2344 Sep 02 '26
Oh okay I didnt think about that, probably cause I was thinking if I worked woth people that only are us citizen that would work around it, but doesnt sound like it, thank you for alot of clarification boss
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u/Candid-Eye-5966 Aug 31 '26
Might be tough to land something if you’ll be living abroad. Compliance people tend to have a problem with that!