| License Description |
The business of "financial planning" means providing, or offering to provide, financial planning services or financial counseling or advice, on a group or individual basis. A person who, on advertisements, cards, signs, circulars, letterheads, or in any other manner, indicates that the person is a "financial planner," "financial counselor," "financial adviser," "investment counselor," "estate planner," "investment adviser," "financial consultant," or any other similar designation or title or combination thereof, is considered to be representing himself or herself to be engaged in the business of financial planning. Minnesota Department of Commerce Minnesota does not license or regulate Financial Planners. However, if a Financial Planner provides specific investment recommendations for a fee, they may be required to be registered by the Department of Commerce as an Investment Advisers and their Representatives.
Financial Planners may also be licensed as Broker Dealers and their Agents and/or Resident Producers or Non-resident Producers
If Financial Planner is also offering insurance products they must be licensed as an Insurance Agent. None |