What is the Series 7 in the context of a Registered Investment Advisor (“RIA”)?

Definition: The Series 7 (aka the General Securities Representative Examination) is a required qualifying exam to become licensed as a Registered Representative of a broker-dealer.

When used in an RIA context: “By passing the Series 7, the individual was able to become licensed as a Registered Representative with the broker-dealer.”

See also: Episode 121, Registered Representative, broker-dealer