Only individuals who have completed or will complete the series 7 exam may take the series 66 exam. For series 66 candidates who are getting ready to take the series 66 exam for the first time or who have taken the series 66 exam and missed passing the exam by 1 12 points. Nasaa is in the process of updating questions on the series 63, 65, and 66 exams in light of the recently enacted secure act. Differences between the series 65 and the series 66 hedge fund. The series 66 exam is extremely challenging, and thorough test preparation is essential for success. The material on the exam is not difficult but there is a lot of material to get through and you need to know how to use your time. Series 66 exam secrets study guide is the ideal prep solution for anyone who wants to pass the series 66. Solomon exam prep is pleased to announce the release of a new series 66 video lecture. The timer of the exam will not stop once the exam starts. Training consultants series 66 exam training solutions. The series 65 and 66 exams can be difficult for people without any investment experience. In order for a candidate to pass the series 66 exam, heshe must correctly answer at least 73 of the 100 scored questions. If you fail the exam and want to retest, you will be taking the sie and the revised series 7 exam.
The examination tests candidates on knowledge, skills, and competencies related to providing investment advice and effecting securities transactions for clients. If you pass the exam, you will receive credit for the sie. Similarly, you have a painful stimulus to deal with called the series 65 or series 66 exam. Our series 66 study guide is guaranteed to help you get the results you deserve on your series 66 test. The weighting of the examination and the number of questions in each topic.
Using software features that simulate the look and feel of the real exam, you will have access not only to similar questions, but also to a similar testing environment. Generally, for those persons with the series 7 license, the series 66 exam is easier to pass than the series 65. Apr 30, 2020 the sie replaces portions of every previous exam, including the series 6, series 7, series 22, series 5556 replaced by series 57, series 79, series 82, series 8687, and series 99. It will, like the series 65, qualify the individual to act as an iar, and it fulfills the requirements of the uniform. Generally, for those persons with the series 7 license, the series 66. Mar 05, 20 on may 8, 2010, and june 29, 2010, wheeler passed, respectively the series 63 and series 7 examinations. Series 66 is an exam administered by the financial industry regulatory authority finra. Refer to each exam content outline for more information. Effective, affordable help from the most comprehensive test preparation company in the world. If you miss the question, you get an easier question. Important hedge fund articles hedge fund law blog chris shelton march 8, 2011 at 5. As a result, the series 66 exam is considered by most to be an easier test. This means that the series 7 is a corequisite exam for the series 66. The series 66 satisfies series 65 and series 63 exam requirements, but series 7 registration is a corequisite for the series 66.
The series 66 is proving to be extremely difficult. Exam appointment times include an additional 30 minutes for taking the tutorial and completing the post exam survey. To pass the exam, a candidate must correctly answer 71 71% of the questions. On may 8, 2010, and june 29, 2010, wheeler passed, respectively the series 63 and series 7 examinations. If you need instant access and are comfortable with ebooks, order the ebook. On the gmat your answer to the first multiplechoice question determines the difficulty of the next question presented to you.
Successful completion of the series 66 exam is equivalent to successful completion of both the series 63. Everyone wants to know how much they need to study to pass the 65, but how much study time is required is not really quantifiable. Series 66 combined securities agent investment adviser rep the series 66 examination licenses an individual in the state to sell both securities and investment advisory products. However, you will still be taking the series 7 exam in its 250question format. The duration column below is the amount of time permitted to complete each exam. Passing the series 66, the uniform combined state law examination, qualifies an individual as if he or she had passed both the series 63 and series 65. 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. 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.
Questions using the 2018 tax code were rolled out in january 2019. Solomon exam preps president jeremy solomon will take you through the most heavily tested topics including regulation of investment advisers, post. So if you have series 7, opt for the 66, its a little shorter. It will, like the series 65, qualify the individual to act as an iar, and it. A series 66 tutor will make sure you are focused, have mastered the series 66 material, and are confident in the application of the knowledge during your series 66 exam. A person can retake the series 63, 65 or 66 exam an unlimited.
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. 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. Remember to click the finish exam link at the bottom of the page once you. Series 66 uniform combined state law examination exam what. However, to register as an investment adviser representative based on the series 66, an individual must also have passed the finra series 7 exam and the exam must be valid i. Series 66 practice test questions financial certification. We offer a variety of instruction options and exam prep study tools to best suit your learning style and.
Regarding the post differences between the series 65 and series 66 exam, i received the following comment. I just took and passed the 63 and am studying for the 65. Created by the experts at the securities institute of america, inc. 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. This series fulfills the requirements of both the series 63 and series 65. Exam appointment times include an additional 30 minutes for taking the tutorial and completing the postexam survey. Series 65 and series 66 passing grade increased hedge fund. In this video we discuss key tips for students studying for the series 66 exam. 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. Solomon exam prep constantly strives to produce the most uptodate materials in order to give our students the best chance of passing their exam on the first try. Series 7 and 66 exam details kaplan financial education. Some exams have additional unscored pretest questions. Morgan stanley exam taker barred for fudging score to keep job.
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. Thus, we are proud to announce a new 2 nd edition of our solomon exam prep guide to the series 66 uniform combined state law examination. Comprehensive series 66 study guide and practice questions complete series 66 study guide prepared by a dedicated team of expert researchers. 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. Many of the series 65 exam questions are presented in a manner requiring insight and thought rather than responses based on memorized facts. The series 66 exam has a little more state law and some esoteric investment products. If you make a request on this date, you will be taking the exam on or after october 1, 2018. The series 66 exam is computerbased, and includes 110 multiplechoice questions. The exam was designed with the easier questions at the beginning of the test with progressively difficult questions in the middle of the exam and test questions get easier toward the end of the exam once again. Learn vocabulary, terms, and more with flashcards, games, and other study tools. My firm is very excited but now its time for the 66. This process makes sure each exam meets content specifications, ensuring each series 66 exam has the same difficulty level. The series 66 exam contains topics covered in the series 63 and series 65 exams without duplication of the series 7. Comments on the series 65 and series 66 exam hedge fund.
Series 66 combined securities agent investment adviser rep. Our series 66 online examcenter gives you the ability to test your knowledge before you take your actual exam. Candidates demonstrate that they have a baseline of knowledge required. How to ace the grueling series 65 exam and keep your wits. In order for a candidate to pass the series 66 exam, heshe must correctly answer at least 73 of. Series 66 uniform combined state law examination exam. May 07, 2014 many of the series 65 exam questions are presented in a manner requiring insight and thought rather than responses based on memorized facts. The series 66 is a qualification exam for securities agents and investment adviser representatives. The sie replaces portions of every previous exam, including the series 6, series 7, series 22, series 5556 replaced by series 57, series 79. Our software features a simulation of the proctor exam interface just like you will encounter on test day. Comments on the series 65 and series 66 exam hedge fund law. You may have seen a couple of my posts about the series 7, i was freeeeeaking out. Oct 05, 2008 as a result, the series 66 exam is considered by most to be an easier test.
The second edition of the solomon series 66 exam study guide. How to ace the grueling series 65 exam and keep your wits and. Our experience with many thousands of students who have taken these tests indicates differently. If you would prefer the physical book and can wait for the product to arrive in the mail, order the printed book. Do not use the browser back button while doing this test. 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. The uniform combined state law exam is a criterion based minimum competency exam.
This means that any student who successfully passes the series 66 test is deemed to have met minimum competency requirement and is fit to pursue a career within specific areas in the securities investment industry by taking other exams. 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. The series 66 examination licenses an individual in the state to sell both securities and investment advisory products. 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. Dec 21, 2015 solomon exam preps president jeremy solomon will take you through the most heavily tested topics including regulation of investment advisers, postregistration requirements, regulation of. A pool of questions is available for the exam, and each exam is put together on the fly, based on a content rating and difficulty rating assigned to each question.
Series 66 exam secrets study guide mometrix test prep. Jul 03, 2015 the series 66 exam has a little more state law and some esoteric investment products. People who take the 66 are usually people who already have passed the series 7 exam. I got a 90 on the series 7, studied hard for the 66 only to fail with scores of 71 and 73. Most questions are weighted in two ways, content and level of difficulty. In order for a candidate to pass the series 66 exam, heshe must correctly answer. 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. First, lets look at the content breakdown and number of questions for each exam. Start learning how to be successful on your series 66 exam. Jul, 2017 in this video we discuss key tips for students studying for the series 66 exam. Of the 110 questions, 100 will count toward your score.
May 30, 2012 comprehensive series 66 study guide and practice questions complete series 66 study guide prepared by a dedicated team of expert researchers. 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. Study the right material and do at least 1,000 practice questions before the big day. Both versions are the same price and contain the same information. The following faqs on pertain to qualification exams. Choose from 500 different sets of series 66 flashcards on quizlet. I failed the first time, 2 points shy, and then made it on my second and final try. Some test takers prefer to study using flashcards and so we have created the best series 66 flashcards that cover everything you need to know for the series 66. A significant percentage of exam takers pass with little room to spare and bumping the requirements by 4 or 5 questions on these exams the 68. Mar 27, 2019 series 66 is an exam administered by the financial industry regulatory authority finra. The series 66 exam the nasaa uniform combined state law examination is a north american securities administrators association nasaa exam administered by finra. Two of knopman marks instructors, howard kaplan and dave meshkov share their insights after training thousands of. 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. The series 65 and series 66 are qualification examinations for people who want to pursue careers as investment professionals.