Use a Decision Tree to Decide if You
Should Become Series 65 Licensed

One of the reasons we built POM Planning was to support insurance agents who recently passed the Series 65 exam. It was also built for Series 7 licensed advisors who want to move to the managed money world (the IAR/RIA world).

To learn more about what POM Planning has to offer, simply surf around this site and we think you’ll like what you see.

For those on the fence about getting a 65 license, we created two downloadable PDF decision trees.

To download EXAMPLES of pre-filled in decision trees, click on the following:

Insurance agent
Series 7 licensed advisor

To download a BLANK decision tree you can fill out, click on the following:

Insurance agent
Series 7 licensed advisor

Once you go through the decision tree exercise, a clear answer should be staring you in the face (get a license or not).

For those who decide to move forward to get their 65 license, email to set up a call about the best ways to study for the 65 exam and to get more information about the POM Planning platform.

Radio Show Content Provider Sued
Over Liquidated Damages Clause

What a fascinating set of lawsuits.

1) A radio script provider sues a financial planner NOT for actual damages caused by a minor breach of contract but instead sues for huge damages under a liquidated damages clause.

To download and read this lawsuit in a PDF, click here.

2) To download a copy of the judge’s ruling striking the liquidated damages clause from use in the lawsuit, click here.

The judge’s ruling provides a terrific summary of why courts do NOT like these clauses and the justification for setting it aside.

3) The advisor who got sued was so upset at being sued primarily to collect on the liquidated damages clause the he sued the radio script provider for unfair business practices and fraud (it is alleged that the radio show script provider has used the liquidated damages clause in a similar contract before to get big settlements from advisors who were not willing to put up a fight).

To download the second lawsuit, click here.

What you can learn from these lawsuits?

1) Always have an attorney read over any contract you sign (especially one with a liquidated damages clause)

2) Be careful of IMOs or RIAs peddling 3rd party marketing programs. Most will NOT have vetted the marketing firm well enough to prevent what happened in this case.