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Series 65 - Investment Counselor - Training Program

People who are by now working in the finance industry or people who are looking to get inside, will consider the Series 66 exam very closely. The benefit is it is a combined license. Completing the Series 66 is a equivalent of passing typically the Series 65 and 63. The Series 63 is a state law exam. The 65 is the RIA exam.

The 66 exam is far more of a rules test versus the Series 65. It is comprised of 100 multiple choice concerns. A grade of 71% is considered passing. If Series 65 Exam Prep is failed, you must hang on 30 days before you can sit for the actual Series 66 again.

Typically the topics covered include:

Sign up and Licensing for Real estate agents

Securities Registration

Business Practices

Securities Evaluation

Rules and Regulations

The actual NASD authorized this examination some years ago so that Collection 7 representatives could become investment advisors without having to sit for the Series 65. Often the 65 is a larger test and it covers a wider array of securities concepts. Since someone who already has the Set 7 license does not need to re-learn much of the basic covered within the 65, the NASD enables those people to take the merged test.

Do I need to have a Set 7 before I do the Series 66?

No . You could make the Series 66 1st. However , the license can not be registered and effective without having a Series 7. Most can take the Series 7 first, because of that fact, but it is simply not a requirement to sit for one before the other.

Do i require to be sponsored by a brokerage dealer to take the Collection 66?

No . The exam can be self registered simply by filling out the U-10 contact form. The U-10 is a simple 3-4 page form that allows an individual to register for the exam as a possible independent to the NASD. When passed, the license needs to be placed at a brokerage firm or maybe other regulatory authority within just 2 years, or the license can expire.

I am looking to break into the investment and economic industry, does this license aid?

Absolutely. It is a major additionally to your resume to add any SEC/NASD license certifications. Putting your resume "Registered Investment Advisor" adds a lot to an novice persons written credentials. Driving the Series 65 examination will license you for RIA as well.

Do I have to the Series 65 basically pass the Series 66?

No . You can take either examination to become an RIA (Registered Investment Advisor).

All in all, typically the Series 66 test is not really a hard exam. It is usually transferred by using a home study study course that includes text books and also a CD Rom test plan. Since the exam is mostly policies based questions, most students see that reading the books the moment and then practicing the model test questions is the best strategy to prepare. You want to be at the point where the practice ultimate exams are in the 80% scoring range. This allows you some margin for error whenever you sit for the real exam.

Incorporating certifications and licenses like the Series 66 can give enhance your resume above other prospects looking to fill the same career as you. It's also great knowledge for CPA's, financial web page publishers or any other specialist dealing with customers in a fund related area

The Series 65 examination is required by most states for individuals that act as investment adviser representatives. This is the only license required if an individual acts as an investment adviser representative (IAR). If that individual wishes to register as a securities sales representative, which is necessary to accept commissions, the Series 63 license is required as well.

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Series 65 - Investment Counselor - Training Program


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