Do most planners have series 7 to invest money?

[Zagreb]

What are the requirements to do planning?

[Bradly T.]

Legally? None for now. Effectively? You cannot know too much. Planning is the prioritization of wealth allocations and a life's worth of cash flow, present and future values, and the inherent and personal client risks to both wealth accumulated and future income and wealth. Long term investing is a small element therein, as is insurance, debt, estate documentation, tax minimization, employment benefits, Social Security and Medicare, elder care, charitable gifting, etc. The world needs far more planning and planners!!

[Nancy5]

Planners who earn commissions need a Series 7 license in order to invest client's money. Fee only planners who invest client's money for a fee need to be registered, which requires other Series licenses.

[Bradly T.]

Your post title has nothing to do with the posted question....as Nancy says, your form of compensation pre-determines your need for licensing and registrations.

[Zagreb]

So, if one pursues a Certified Financial Planning that person also most likely need a 7 series too?

[Nancy5]

No. The Series 7 license is for persons wishing to sell securities (stocks, bonds, mutual funds, etc.) for a commission. A financial planner who is managing assets and receiving a fee from the client must be a Registered Investment Advisor or Invest Advisor Representative, requiring a different type of license and registration. See http://www.nasaa.org/ for more on becoming an RIA or IAR.