Studying for the series 66 exam can be a daunting process. This would generally be a good idea because the series 66 exam is. Series 66 uniform combined state law examination exam what. Successful completion of the series 66 exam is equivalent to successful completion of both the series 63. As you can surely see, the 65 exam is more concentrated on the content usually covered by the series 7 and, also, is a more comprehensive test with questions. The 63 questions is easy, but the 65, iar exam, is not as easy. I did return to take the two greenlight exams in stc, in which i scored an. Morgan stanley exam taker barred for fudging score to keep job. The study plan displays your entire learning roadmap in one place, links you to each study item you will need to access along the way video lectures, practice question sets, and final exams, and tracks your progress and performance with each item for true visibility. Our software features a simulation of the proctor exam interface just like you will encounter on test day. The uniform combined state law examination was developed by nasaa based on industry requests.
Series 66 uniform combined state law examination exam. The nasaa series 66, uniform combined state law examination 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. Conventional wisdom suggests that the level of difficulty is the same for the series 65 and series 66. I can either take the series 65 and combine it with the 63 to satisfy this requirement, or i can take the 66.
However, you must have passed a series 7 exam in order to sit for the license test for a series 66 license. Career question how difficult are the various finra series. Series 24 general securities principal license this is a no bs. In order for a candidate to pass the series 66 exam, heshe must correctly answer. Jul 03, 2015 the series 66 exam has a little more state law and some esoteric investment products. Passing the series 66 exam qualifies a candidate to register as an investment adviser representative and as a securities agent. Other pass rates for the series 7, series 82 and the series 55 are 95%, 97. While there is a no official pass fail rate released, a previous study suggested that around 14% of candidates fail the exam on their first attempt. I am the founder of test geek exam prep llc and i want to welcome you to testgeek exam preps series 66 video course. Theyve also recorded pass rates for the series 7 exam at 96% and 98% for the series 79.
On the gmat your answer to the first multiplechoice question determines the difficulty of the next question presented to you. While you can take the series 66 and the series 7 license in any order, the series 66 license is granted only upon satisfactory completion of the series 7 exam. This test contains no investment material, as the series 66 license is only available to candidates that are already series 7 licensed. Persons who take the series 66 exam must also pass the series 7 exam prior to registering with their states regulatory commission. Do not use the browser back button while doing this test. In essence, it combines the series 63 and 65 exams into one 150minute exam. Similarly, you have a painful stimulus to deal with called the series 65 or series 66 exam. Series 66 this series 66 is the newest exam offered by nasaa. I just took and passed the 63 and am studying for the 65. So if you have series 7, opt for the 66, its a little shorter. This process arranges questions using two parameters. 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.
A general overview of finras series 6, 7, 63, 65 and 66. If you miss the question, you get an easier question. Sponsorship from a broker dealer is not a criterion and you do not have to be. The exam covers a lot of information, and the test questions are detailed and demanding. May 05, 2019 most securities exams administered by both finra and the nasaa have a passing score of 70%, except for the series 7, 63, and 65, which have passing scores of 72%, and series 66, which has a.
Mar 05, 20 on may 8, 2010, and june 29, 2010, wheeler passed, respectively the series 63 and series 7 examinations. Candidates must pass the securities industry essentials sie exam and the series 99 exam to obtain the operations professional registration. In this video lecture series, we show you how to break down the toughest series 66 questions, so you get the correct answer every time. My firm provides stc and i used that last month for the series 7 which i got 87%. This series 66 is the newest exam offered by nasaa. The series 99 exam the operations professional exam assesses the competency of an entrylevel registered representative to perform their job as an operations professional. This process makes sure each exam meets content specifications, ensuring each series 66 exam has the same difficulty level. The series 66 examination licenses an individual in the state to sell both securities and investment advisory products. The timer of the exam will not stop once the exam starts. Most securities exams administered by both finra and the nasaa have a passing score of 70%, except for the series 7, 63, and 65, which have passing scores of 72%, and series 66, which has a. Career question how difficult are the various finra. Candidates for the series 66 exam must also pass the series 7 exam.
Jul, 2008 the series x tests are to get you securities liscense. Series 66 the 66, which is the 6365 combination is difficult. If youre going to take the 66 study hard just as you would for the 7. The series 66 exam contains topics covered in the series 63 and series 65 exams without duplication of the. Characteristics, risks, and application of alternative investments 2 1. In order for a candidate to pass the series 66 exam, heshe must correctly answer at least 73 of. For more information about the sie and series 99 exams, refer to finra rule 1210 and finra rule 1220 b 3. The lowstress way to find your next series 7 66 job opportunity is on simplyhired.
Series 7 and 66 exam details series 7 exam details the finra series revised 7, general securities representative qualification exam, is required of individuals soliciting the purchase or sale of corporate, municipal and u. We offer a variety of instruction options and exam prep study tools to best suit your learning style and. Spend over 10 hours in 8 class sessions with robert walker, author of pass the 66 success program, to understand the nuances of breaking down the exam questions to get to the correct answer. The series 66 exam the nasaa uniform combined state law examination is a north american securities administrators association nasaa exam administered by finra. The series 66 test is designed by the north american securities administrators association and administered by finra financial industry regulatory association using a process known as on the fly. Since its revision in jan,10, the series 66 exam has vastly increased in difficulty and an increase in the national fail rate some 50%. Remember to click the finish exam link at the bottom of the page once you. Candidates demonstrate that they have a baseline of knowledge required. Mar 27, 2019 series 66 is an exam administered by the financial industry regulatory authority finra. This study guide is designed to provide an overview of the exams general content and format.
Series 66 test specifications topic weight number of. Differences between the series 65 and the series 66 hedge fund. Six things you absolutely must know if you are planning to take the series 66 exam. Stc kicked it for the series 7, but imo was abysmal for the series 66. The series 66 license is only valid with a series 7 designation. First, lets look at the content breakdown and number of questions for each exam. The series 66, also known as the uniform combined state law examination, covers topics relevant to providing investment advice and effecting securities transactions for clients. The series 66 is essentially a combination of the series 63 for securities agents and series 65 for investment adviser representatives. This series 66 virtual class provides the same structure and format of our live classroom exam prep course in regard to presentation sequence, topics emphasized, accompanying selfstudy materials, and interactive instruction. Series 66 is an exam administered by the financial industry regulatory authority finra. The series 66 exam is computerbased, and includes 110 multiplechoice questions. The series 66 is proving to be extremely difficult. Created by the experts at the securities institute of america, inc.
Only individuals who have completed or will complete the series 7 exam may take the series 66 exam. Series 66 exam nasaa uniform combined state law exam. In essence, it combines the series 63 and 65 exams into one 150. 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. Taken as a corequisite with the series 7 exam, candidates must complete the series 66 exam in order to register as an agent with a state securities administrator.
Series 66 exam free series 66 exam tips and preparation. The examination tests candidates on knowledge, skills, and competencies related to providing investment advice and effecting securities transactions for clients. The series 65 and series 66 are qualification examinations for people who want to pursue careers as investment professionals. I already have the series 7 and 63, but now i am required to take the series 66 for a new job i will be starting. The series 66 is a combo of the series 63 and the series 65. This means that the series 7 is a corequisite exam for the series 66. The series 66 is a qualification exam for securities agents and investment adviser representatives. One other factor bearing on preparation for these tests is that the cfa is only offered twice per year for level 1, and once per year for all other levels, so you have to overstudy the material in order to maximize your probability of passing, much more so than for the finra exams. 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. Ensure your success on the series 66 with our series 66 exam prep. The series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents.
Generally, for those persons with the series 7 license, the series 66 exam is easier to pass than the series 65. Relevant to the series 6, series 7, series 66, and series 65. The series 65 exam is administered at prometric testing centers in the u. I got a 90 on the series 7, studied hard for the 66 only to fail with scores of 71 and 73. Training consultants series 66 exam training solutions. May 01, 2018 studying for the series 66 exam can be a daunting process. The same as the price of the securities on the date that the new owner takes possession. For examinees with conditions covered under the americans with disabilities act, that require special testing accommodations, you can make this request in writing. Mar 23, 2012 the series 66 is equivalent to taking both the series 63 and series 65. Unfortunately, these tests are designed to make you perform at the testing center, eliminating wrong answers and thinking creatively, even when your palms are sweating and your tongue is thick with fear. The series 66 test is 100 questions that count toward the candidates score and 10 experimental questions. 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. Individuals who have passed the series 7 may take the series 66 in order to avoid having to take the more difficult series 65 exam. I know several rr that failed the 65 even after years of industry experience.
Candidates that have met or will meet the corequisite of the series 66 exam, would elect to take the series 66 instead of the series 65 exam due to its brevity, scope and relative level of difficulty. The series 66, also known as the uniform combined state law examination, is required in most states for candidates to become an. The series x tests are to get you securities liscense. The series 7 covers some basic to moderate investment material. The examination also called the series 66 is designed to qualify candidates as both securities agents and investment adviser representatives.
The series 66 exam qualifies a person to register as both a securities agent and an investment adviser representative. If an individual does not already have a series 7 and wishes to be an iar, the series 65 is nasaas competency exam. Series 7 and 66 exam details kaplan financial education. I have my series 7 and 66, i personally thought that the series 66 was harder that the series 7. This series fulfills the requirements of both the series 63 and series 65. The series 66 exam contains topics covered in the series 63 and series 65 exams without duplication of the series 7. Of the 110 questions, 100 will count toward your score. The series 66 satisfies series 65 and series 63 exam requirements, but series 7 registration is a corequisite for the series 66. The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of an operations professional, including customer onboarding. Get that one right, and the difficulty level will rise, allowing you to score more points. So if youre at a brokerdealer and youre going to be a hybrid, getting paid for investment advice or managing investment accounts and also for selling securities. The series 66 exam has a little more state law and some esoteric investment products. However, a person taking the series 66 must also take and pass the series 7 general securities registered representative exam before registering with a state regulatory commission.
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