As a tutor for finra and nasaa licensing exams, we know how important it is for students to pass their exams on the first try. The organization responsible for the series 63 as well as the series 65 and 66 exams is the north american securities administrators association nasaa, which states in its series 63 exam. That means you can take and pass the two exams in any order but can only use the 66 when the series 7 is also passed the series 65 and 63 are the usual requirements for registering as an iar or stateregistered adviser. Thats because the series 66 exam, in conjunction with the finra series 7 exam, qualifies you to be a securities agent and an investment adviser representative, and the regulators want to make sure that you know what youre talking about when you give investment advice or. Do not use the browser back button while doing this test. The exam is administered by the financial industry. Persons who take the series 66 exam must also pass the series 7 exam. The series 66 is a regulatory exam required by most states to perform your job as an investment adviser representative. This series 66 exam study guide uses plain english and concise explanations as it ticks off the items mentioned on the nasaa series 66 exam outline pointbypoint. Finra, nasaa and msrb exam enrollment end dates will be extended through the same end date of june 30, 2020. The new series 6, 79 and 99 exams exam changes since sie. Uniform combined state law examination finra series 66.
Part of the study includes a content survey designed to help determine the necessary knowledge for securities professionals who are required to pass one of these exams. As a result, these exams test knowledge relevant to the daytoday. The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including. Kaplan financial educations securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the nasaa series 66 exam, uniform combined state law examination. The timer of the exam will not stop once the exam starts. The exam covers topics that have been determined to be necessary to provide investment advice and effect securities transactions for clients. Unlike the 65, the series 66 requires a sponsor the series 7 is a corequisite for the 66. This means that the candidate is expected to meet a minimum required competency in order to perform the job sufficiently. The new series 6, 79 and 99 exams exam changes since sie launch. In essence, it combines the series 63 and 65 exams into one 150minute exam. Oct 05, 2008 the series 66 test is 100 questions that count toward the candidates score and 10 experimental questions. Series 66 is a north american securities administrators association nasaa exam, which is required for individuals seeking to register with a state securities administrator in order to function as both securities agents and investment. This study guide is designed to provide an overview of the exams general content and format. It was developed by north american securities administrators association nasaa and operated by the financial industry regulatory authority finra the uniform combined state law examination.
The north american securities administrators association has announced that it will implement updates to the series 63, 65 and 66 examinations on july 1, 2016. Robert walker, a professional trainer who specializes in securities licensing exams including the series 63, 65, 66, 6, and 7 exams, has written this book for those who are about to brave the nasaa series 66 examination. Apr 08, 2019 now that all new representativelevel applicants must take the securities industry essentials sie exam, the series 6, 79, and 99 exams are now specialized knowledge examinations a revised representativelevel qualification examination for their particular registered roles. In this video, i break down industry jargon and the language of finance to help you understand what these investments are and how they relate to the series. The exam is developed and maintained by the north american securities administrators association nasaa and administered by finra. Characteristics, risks, and application of alternative investments 2 1. To ensure that new questions meet acceptable testing standards prior to use, this examination includes 5 additional unidentified pretest questions that do not. Changes coming soon to series 63, series 65 and series 66 exams. Nasaa series 63 breakdown from nasaa series 63 the uniform securities agent state law examination was developed by nasaa in cooperation with representatives of the securities industry and industry associations. In order for a candidate to pass the series 66 exam, heshe must correctly answer at least 73 of the 100 scored questions. I believe, anecdotally, the answer choices on the 65 and 66 seem to be more subjective thus leading to lower scores. Not only does it provide a comprehensive guide to the series 66 exam as a whole, it also provides practice test questions as well as detailed explanations of each answer. Series 66 is an exam administered by the financial industry regulatory authority finra.
The nasaa series 66, uniform combined state law exam is required of individuals acting as or soliciting for the service of investment advisors and soliciting the purchase or sale of securities within a state. Course description for the series 66 exam live class. Uniform combined state law examination finra series 66 nasaa salary get a free salary comparison based on job title, skills, experience and education. Series 66 exam test breakdown the series 66 exam, otherwise known as the uniform combined state law examination, is similar to the series 65 exam in that it is criterion based. The nasaa does not appear to publish statistics regarding how many candidates take the series 66 each year or how many candidates pass. Remember to click the finish exam link at the bottom of the page once you. In order for a candidate to pass the series 66 exam, heshe must correctly answer. The series 66 exam is computerbased, and includes 110 multiplechoice questions. Upon receipt of candidate eligibility information from a sponsoring organization, finra will email enrollment instructions to the candidate. It combines the series 63 and 65 exams into one 150minute exam. The series 7 exam the general securities representative qualification examination gs assesses the competency of an entrylevel registered representative to perform their job as a general securities representative.
I got a 90 on the series 7, studied hard for the 66 only to fail with scores of 71 and 73. For examinees with conditions covered under the americans with disabilities act, that require special testing accommodations, you can make this request in writing. The finra series 7 general securities representative exam is a corequisite to the series 66, meaning that you must pass both exams it doesnt matter. It was created by nasaa in response to requests from brokerdealers and other financial services firms. Finra series 66 exam details the series 6 exam consists of 100 multiplechoice questions and is a total duration of 2 hours and 30 min. Series 66 is a north american securities administrators association nasaa exam. Nasaa series 63 exam structure and breakdown the series 63 examination consists of 60 multiplechoice questions covering the topics listed in the nasaa series 63 content outline.
In order for a candidate to pass the series 63 exam, heshe must correctly answer at. If you can answer yes to both of these questions, then you have come to the right place. Our online course package provides you with examfocused content delivered in a superior elearning environment as well as the support you need to study your way and gain the knowledge and confidence to pass your exam the first time. The series 63 exam the uniform securities state law examination is a north american securities administrators association nasaa exam administered by finra. The study plan displays your entire learning roadmap in one place, links you to each study item. This includes knowledge of finra rules and also the rules of other selfregulatory organizations sros. To avoid overlap with the series 7, nasaa assembled a committee of securities industry experts to eliminate questions in the series 66 that would be duplicative of those in the series 7. The purpose of the exams is to ensure that an individual acquires a minimum level of understanding and expertise. The series 66 certification was developed by the nasaa based on requests from the industry.
The series 66 exam, otherwise known as the uniform combined state law examination, is similar to the series 65 exam in that it is criterion based. The north american securities administrators association nasaa is an organization of securities regulators that began in 1919 with a goal of protecting investors and drafting model legislation to regulate the activities of securities brokers and dealers across the united states, canada, mexico, and us territories. Taking a finra exam through prometric has never been easier or more convenient. This series fulfills the requirements of both the series 63 and series 65. Over the last several years, i have spent my time trying to figure out why the nasaa series 65 and 66 exams have lower pass rates then the finra series 6 and 7 exams. Training consultants series 66 exam training solutions. Series 66 exam nasaa uniform combined state law exam passing the series 66 exam qualifies a candidate to register as an investment adviser representative and as a securities agent. Prepare to pass your series 66 licensing exam on the first attempt with our innovative training program.
The series 63 exam uniform securities agent is administered in conjunction with the north american securities administrators association nasaa. Developed by the north american securities administrators association nasaa and administered by the financial industry regulatory authority finra, the series 66 exam is available at testing centers in the u. Series 66 exam secrets study guide is the ideal prep solution for anyone who wants to pass the series 66. Differences between the series 65 and the series 66 hedge. As a result, these exams test knowledge relevant to the daytoday activities, responsibilities, and job functions of. Learn vocabulary, terms, and more with flashcards, games, and other study tools. We offer a variety of instruction options and exam prep study tools to best suit your learning style and schedule. In order to enroll for finra qualifying exams, a candidate must be sponsored by a state regulator or regulatory authority approved to sponsor candidates for finra qualifying exams.
Persons who take the series 66 exam must also pass the series 7 exam prior to registering with their states regulatory commission. That means you can take and pass the two exams in any order but can only use the 66 when the series 7 is also passed the series 65 and 63 are the usual requirements. The north american securities administrators association. The examination, called the series 63 exam, is designed to qualify candidates as securities agents. Key features of our online course package view sample study plan. Now that all new representativelevel applicants must take the securities industry essentials sie exam, the series 6, 79, and 99 exams are now specialized knowledge examinations a revised representativelevel qualification examination for their particular registered roles. Solutions include live class, online class, self study books, and practice exam questions. Our software features a simulation of the proctor exam interface just like you will encounter on test day.
The examination also called the series 66 is designed to qualify candidates as both securities agents and investment adviser representatives. Series 66 test specifications topic weight number of. In conjunction with the finra series 7 general securities representative license, the nasaa series 66 license qualifies you as both a securities agent and an investment advisor representative. Mar 27, 2019 series 66 is an exam administered by the financial industry regulatory authority finra. Series 66 live class package nasaa uniform combined state law exam.
Differences between the series 65 and the series 66. Successful completion of the series 66 exam is equivalent to successful completion of both the series 63. The series 66 is proving to be extremely difficult. Uniform combined state law examination finra series 66 nasaa hourly rate get a free salary comparison based on job title, skills, experience and education. Sep 17, 2019 nasaa series 63 exam structure and breakdown the series 63 examination consists of 60 multiplechoice questions covering the topics listed in the nasaa series 63 content outline.
To reduce your frustration in obtaining your series 66 license, we try to make sure each sample question in our pass the 66 practice exam question bank is explained within this. See below for more detailed breakdown or visit the finra link above. Basic wisdom is an education service that provides videos, blogs, and resources to students taking finra or nasaa exams series 4, 6, 7, 9, 10, 63, 65, 66. Licensees must register their securities licenses with an approved brokerdealer.
Series 66 uniform combined state law examination exam. Our series 66 courses will prepare you for your exam. A voluntary organization, established in 1919, of securities regulators whose aim is to protect investors who buy securities or. Not all securities licenses are administered by finra. Of the 110 questions, 100 will count toward your score. Series 66 online course package nasaa uniform combined state law exam. The series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents.
A pool of questions is available for the exam, and each exam is put together on the fly, based on a content rating. The examination also called the series 66 is designed. Nasaa seeks industry professional input in content survey for nasaa series 6365 66 examinations nasaa is undertaking a job analysis study for the series 6365 66 exams. The uniform combined state law examination also called the series 66 exam is designed to qualify candidates as both securities agents and investment adviser representatives in the united states. Nasaa is in the process of updating questions on the series 63, 65, and 66 exams in light of the recently enacted secure act. Florida does require the uniform investment adviser law examination series 65 nasaa or both the general securities representative series 7 and uniform combined state law examination series 66 nasaa for individuals applying to be registered as an investment adviser or investment. This series 66 is the newest exam offered by nasaa. Series 65 exam training solutions provided by training consultants. The series 66 exam the nasaa uniform combined state law examination is a north american securities administrators association nasaa exam administered by finra. The nasaa series 66 uniform combined state law examination is a challenging securities licensing exam. Series 66 exam free series 66 exam tips and preparation. A general overview of finras series 6, 7, 63, 65 and 66 exams. Affected enrollment windows will be systematically updated and reflected in crd on may 11. I must take issue with the statement that the series 66 exam is easier to pass than the series 65 for those with a series 7 registration.
Questions regulation of investment advisers including stateregistered and federal covered advisers 5% 3 1. A general overview of finras series 6, 7, 63, 65 and 66. Training consultants series 65 exam training solutions. Our series 66 online examcenter gives you the ability to test your knowledge at multiple levels to gauge your knowledge level, identify areas needing improvement, and give you confidence you are prepared. In order for a candidate to pass the series 63 exam, heshe must correctly answer at least 43 of the 60 scored questions. Florida does not require the uniform securities agent law examination series 63 nasaa examination. Methods used to determine the value of equity securities 3 1. Looking for series 66 securities exam prep practice. Currently, questions on the exam have not been modified and are based on the status of the law as of 12312019. The series 66 exam the nasaa uniform combined state law examination is a north american securities administrators association nasaa exam. Series 65 test breakdown the uniform investment adviser law, also known as the series 65 exam, qualifies a candidate to become an investment advisor by testing his or her knowledge on retirement investment options, portfolio management, economic trends in the marketplace, investment advice, and recommendations and ethical business practices. Series 65 exam tutor offers private series 65 tutoring as well as tutoring for the series 7 exam, the series 6 exam, the series 66 exam and the series 63 exam. I just took and passed the 63 and am studying for the 65.