Harris Nightingale, AIF®

Harris Nightingale, AIF®

Investment Advisor Representative, Financial Advisor

Biography

Harris Nightingale, Principal at NF Wealth Management has been advising clients in the financial services industry since 1996. Independent and unbiased in approach his experience extends from investment advisory solutions and securities investments to financial management, insurance strategies and even real property financing solutions.

Harris holds a Bachelor degree from The State University of New York and completed post graduate studies at Fairleigh Dickinson University and is a graduate of the Financial Planning Certificate Program. He currently holds the following registrations and licenses:

  • Accredited Investment Fiduciary Designation (AIF®)
  • General Securities Representative (Series 7)
  • Uniform Registered Investment Advisor (Series 65)
  • Uniform Securities State Law (Series 63)
  • Life, Long Term Care, Disability & Health Insurance licenses
  • Mortgage Licenses

We are dedicated and committed to acting as a key trusted advisor assisting our clients comprehensively.

Harris explains: "All clients have their net worth concentrated in 3 specific areas: The Stock Markets, Real Estate and their Business(s). To advise on only one of these areas without a deep understanding of the functioning parameters of all 3 parts not only is a disservice to the client and totally unacceptable it is also, in my opinion, negligent. - We have the knowledge to service our clients correctly"

 Some of the services we offer:

Clients: asset management, capital preservation, retirement strategies, education funding, risk management/insurance strategies, estate planning, asset protection and wealth transfer and other planning and for the appropriate clientele alternative investments and tax shelters of various types.
Business: services include private wealth solutions, business succession strategies, retirement plans(reviews now free), restricted stock transactions, stock option exercise, cash management, liquidity and alternative services, property finance and refinance and planning. Insurance: programs include life, health, disability, long term care, buy sell, other advanced arrangements
Mortgage financing/refinancing: placed through outside wholesale mortgage institutions gives clients multiple competitive rate choices and wholesale marketplace access and pricing. Mortgage licensing maintained through the NMLS entails extensive annual education and bonding requirements
..

Education

Graduated with a Bachelor of Science degree from The State University of New York and completed Post Graduate studies at Fairleigh Dickinson University graduating the Financial Planning Certificate program (http://view.fdu.edu/default.aspx?id=878

Currently holds the following registrations and licenses in multiple States:

  • Accredited Investment Fiduciary (AIF®)
  • General Securities Representative (Series 7)  -- National Pass rate for test takers = 67%  (6 hour exam)
  • Uniform Registered Investment Advisor (Series 65)- please note this is not a requirement in the state of NY-[see description below] -- National Pass rate for test takers = 48% (3 hour exam)
  • Uniform Securities State Law (Series 63)
  • Life, Long Term Care, Disability & Health Insurance licenses-- National Pass rate for test takers = 52% (2.5 hour exam)
  • Mortgage Brokerage Licenses -- National Pass rate for test takers = 65% (6 hour exam plus state specific additional testing)

 

Continuing education requirements:

  • General Securities Education: Regulatory & Firm Element every year (4-6 hours)
  • General Securities Testing: Testing of up to date knowledge: every 3 years at monitored testing facility (3.5 hours)
  • Insurance Education:  15 hours continuing education every 2 years
  • Insurance Testing: Required to pass 2 hour Exam encompassing the 15 hours of education subject matter
  • Mortgage Education: 8 hours every year plus 2 hours for specific States- subject matter set by NMLS and States
  • Mortgage Exam: Required to pass 2 hour exam on subject matter set by NMLS and States plus additional state specific subject matter

  • Accredited Investment Fiduciary (AIF®) the following steps must be completed annually in order to retain AIF® designation. (a) Accrue & report 6 hours of continuing education training (b) Satisfy the Code of Ethics and Conduct Standards (c) Submit application and fees

 

Registration and License Definitions

 

Accredited Investment Fiduciary AIF®

The Accredited Investment Fiduciary (AIF®) Designation is a professional certification that demonstrates an advisor or other person serving as an investment fiduciary has met certain requirements to earn and maintain the credential.

The purpose of the Accredited Investment Fiduciary (AIF®) Designation is to assure that those responsible for managing or advising on investor assets have a fundamental understanding of the principles of fiduciary duty, the standards of conduct for acting as a fiduciary, and a process for carrying out fiduciary responsibility.Fi360’s Prudent Investment Practices cover four Steps (domains), twenty-one Practices (tasks), and seventy-nine Criteria that an investment fiduciary is expected to be able to perform. view them here

 

Investment Advisor Representative (Series 65)

The investment advisor representative registration is required from either the SEC or from FINRA to offer investment advice for a fee. Advisors with a financial designations of CFP/CFA are also required to pass exams. In order for an individual to register and serve as an investment advisor representative (also known as an “IAR”) of a registered investment advisor firm (also known as an “RIA”), most state securities regulators require the individual to successfully complete the Uniform Investment Adviser Law Examination and more commonly referred to as the “Series 65 examination”.

Why Is the Series 65 Exam So Difficult?

The Series 65's difficulty is largely attributed to the overall scope of the test. The exam attempts to measure everything from basic understanding of economic concepts including economic definitions, graphs, GDP, CPI, and more. Additionally, it requires the individual to demonstrate their analytical and quantitative abilities on issues such as expected returns, total returns, and holding period returns.

 

General Securities Representative (Series 7)

The Series 7 exam — the General Securities Representative Qualification Examination (GS) — assesses the competency of an entry-level registered representative to perform their job as a general securities representative.

The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities.

Candidates must pass the Securities Industry Essentials (SIE) exam and the Series 7 exam to obtain the General Securities Representative registration.

 

Uniform Securities Sate Law (Series 63)

The Uniform Securities State Law license is intended to measure an applicant’s knowledge and understanding of state laws and regulations.

 

Life & Health Insurance License

Each of the fifty states requires life and health insurance professionals to attain licensure by passing the Life and Health Insurance examination. There are eighteen content areas covered by the exam: insurance regulation (5%); general insurance (5%); life insurance basics (7%); life insurance policies (7%); life insurance policy provisions, options, and riders (8%); annuities (6%); federal tax considerations for life insurance and annuities (5%); qualified plans (4%); health insurance basics (5%); individual health insurance policy general provisions (4%); disability income and related insurance (3%); medical plans (8%); health maintenance organizations (3%); group health insurance (7%); dental insurance (2%); insurance for senior citizens and special needs individuals (8%); federal tax considerations for health insurance (3%); and additional considerations for life and health insurance counselors (10%). The questions on the Life and Health Insurance exam are in three different multiple-choice formats: direct question, incomplete sentence, and “all of the following except.” Each question will have four possible answers from which the candidate must choose.

 

Mortgage License

Every mortgage loan originator must go through stringent licensing requirements.  Not required of federally chartered "national" banks.

(1) Education requirements 20 hours and testing

(2) National and state testing requirements– national pass rate 65%

(3) Fingerprinting and Background checks updated annually

(4) Personal Credit checks- annually

(5) Bonding (mortgage loan originator surety bonds as well as company surety bonds)

(6) Individual MLO state Licensing -to view click here

(7) Annual Continuing education Requirement 8 hours national +2 hours State

 

Continuing Education Transcript- Financial only here

Phone 201-300-1112 ext 1112
Fax 201-300-1112