Registered Representative (RR): Definition, Job Description, Pay

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Definition of 'Registered Representative (RR): Definition, Job Description, Pay'

A registered representative (RR) is a licensed individual who sells securities and investment products on behalf of a broker-dealer. RRs are responsible for providing financial advice to clients and helping them make informed investment decisions.

To become an RR, you must have a bachelor's degree and pass the Series 7 exam. You must also be registered with the Financial Industry Regulatory Authority (FINRA).

RRs typically work in a brokerage firm or bank. They earn a salary plus commissions on the products they sell. The average salary for an RR is $70,000 per year.

RRs play an important role in the financial services industry. They help clients make informed investment decisions and achieve their financial goals.

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