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. Series 66 uniform combined state law examination exam. Questions using the 2018 tax code were rolled out in january 2019. The uniform combined state law exam is a criterion based minimum competency exam. Our series 66 study guide is guaranteed to help you get the results you deserve on your series 66 test. 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. 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. First, lets look at the content breakdown and number of questions for each exam. Both versions are the same price and contain the same information.
Series 66 uniform combined state law examination exam what. How to ace the grueling series 65 exam and keep your wits. Regarding the post differences between the series 65 and series 66 exam, i received the following comment. 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. The series 66 is proving to be extremely difficult. A person can retake the series 63, 65 or 66 exam an unlimited. It will, like the series 65, qualify the individual to act as an iar, and it. Jul 03, 2015 the series 66 exam has a little more state law and some esoteric investment products. Important hedge fund articles hedge fund law blog chris shelton march 8, 2011 at 5.
On the gmat your answer to the first multiplechoice question determines the difficulty of the next question presented to you. How to ace the grueling series 65 exam and keep your wits and. Series 66 exam secrets study guide is the ideal prep solution for anyone who wants to pass the series 66. Series 66 combined securities agent investment adviser rep. Successful completion of the series 66 exam is equivalent to successful completion of both the series 63. Series 66 practice test questions financial certification. Start learning how to be successful on your series 66 exam. The series 66 is a qualification exam for securities agents and investment adviser representatives. Remember to click the finish exam link at the bottom of the page once you. My firm is very excited but now its time for the 66. Most questions are weighted in two ways, content and level of difficulty. Solomon exam preps president jeremy solomon will take you through the most heavily tested topics including regulation of investment advisers, post.
May 30, 2012 comprehensive series 66 study guide and practice questions complete series 66 study guide prepared by a dedicated team of expert researchers. 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. Differences between the series 65 and the series 66 hedge fund. The sie replaces portions of every previous exam, including the series 6, series 7, series 22, series 5556 replaced by series 57, series 79. 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. 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.
I failed the first time, 2 points shy, and then made it on my second and final try. 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. It will, like the series 65, qualify the individual to act as an iar, and it fulfills the requirements of the uniform. 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. 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.
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. I got a 90 on the series 7, studied hard for the 66 only to fail with scores of 71 and 73. Series 66 exam secrets study guide mometrix test prep. In order for a candidate to pass the series 66 exam, heshe must correctly answer at least 73 of the 100 scored questions. 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. If you make a request on this date, you will be taking the exam on or after october 1, 2018. 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. Do not use the browser back button while doing this test. To pass the exam, a candidate must correctly answer 71 71% of the questions. 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. Comments on the series 65 and series 66 exam hedge fund law. 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. Comments on the series 65 and series 66 exam hedge fund. Candidates demonstrate that they have a baseline of knowledge required.
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 detailed explanations of each answer. Study the right material and do at least 1,000 practice questions before the big day. 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. Our software features a simulation of the proctor exam interface just like you will encounter on test day. Series 65 and series 66 passing grade increased hedge fund. 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. 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. Nasaa is in the process of updating questions on the series 63, 65, and 66 exams in light of the recently enacted secure act. Choose from 500 different sets of series 66 flashcards on quizlet. The series 66 satisfies series 65 and series 63 exam requirements, but series 7 registration is a corequisite for the series 66. If you would prefer the physical book and can wait for the product to arrive in the mail, order the printed book.
If you miss the question, you get an easier question. Effective, affordable help from the most comprehensive test preparation company in the world. People who take the 66 are usually people who already have passed the series 7 exam. The series 66 exam has a little more state law and some esoteric investment products. The series 66 examination licenses an individual in the state to sell both securities and investment advisory products. Series 66 is an exam administered by the financial industry regulatory authority finra. Oct 05, 2008 as a result, the series 66 exam is considered by most to be an easier test. The series 65 and 66 exams can be difficult for people without any investment experience. Training consultants series 66 exam training solutions. In order for a candidate to pass the series 66 exam, heshe must correctly answer at least 73 of. Mar 27, 2019 series 66 is an exam administered by the financial industry regulatory authority finra. Our series 66 online examcenter gives you the ability to test your knowledge before you take your actual exam.
Apr 20, 2020 my recommended prep time for the series 7 exam is 80100 hours. The timer of the exam will not stop once the exam starts. 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 number of items on the series 63 remains unchanged, as does the passing score. The series 65 and series 66 are qualification examinations for people who want to pursue careers as investment professionals. The examination tests candidates on knowledge, skills, and competencies related to providing investment advice and effecting securities transactions for clients. In order for a candidate to pass the series 66 exam, heshe must correctly answer. So if you have series 7, opt for the 66, its a little shorter. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Series 7 and 66 exam details kaplan financial education. 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. Our experience with many thousands of students who have taken these tests indicates differently. 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. The series 66 exam is extremely challenging, and thorough test preparation is essential for success.
This series fulfills the requirements of both the series 63 and series 65. 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. 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. On may 8, 2010, and june 29, 2010, wheeler passed, respectively the series 63 and series 7 examinations. However, you will still be taking the series 7 exam in its 250question format. The series 66 exam is computerbased, and includes 110 multiplechoice questions. Exam appointment times include an additional 30 minutes for taking the tutorial and completing the postexam survey. 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. The following faqs on pertain to qualification exams.
Generally, for those persons with the series 7 license, the series 66. The second edition of the solomon series 66 exam study guide. The series 66 exam contains topics covered in the series 63 and series 65 exams without duplication of the series 7. 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. 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. In this video we discuss key tips for students studying for the series 66 exam. Jul, 2017 in this video we discuss key tips for students studying for the series 66 exam. 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.
If you need instant access and are comfortable with ebooks, order the ebook. As a result, the series 66 exam is considered by most to be an easier test. Morgan stanley exam taker barred for fudging score to keep job. Only individuals who have completed or will complete the series 7 exam may take the series 66 exam.
The duration column below is the amount of time permitted to complete each exam. Solomon exam prep is pleased to announce the release of a new series 66 video lecture. Mar 05, 20 on may 8, 2010, and june 29, 2010, wheeler passed, respectively the series 63 and series 7 examinations. This process makes sure each exam meets content specifications, ensuring each series 66 exam has the same difficulty level. Created by the experts at the securities institute of america, inc. Refer to each exam content outline for more information. Similarly, you have a painful stimulus to deal with called the series 65 or series 66 exam. The weighting of the examination and the number of questions in each topic. Many of the series 65 exam questions are presented in a manner requiring insight and thought rather than responses based on memorized facts. You may have seen a couple of my posts about the series 7, i was freeeeeaking out.
Of the 110 questions, 100 will count toward your score. 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. This means that the series 7 is a corequisite exam for the series 66. If you fail the exam and want to retest, you will be taking the sie and the revised series 7 exam. Some exams have additional unscored pretest questions. If you pass the exam, you will receive credit for the sie. 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. Two of knopman marks instructors, howard kaplan and dave meshkov share their insights after training thousands of. 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. Exam appointment times include an additional 30 minutes for taking the tutorial and completing the post exam survey. Generally, for those persons with the series 7 license, the series 66 exam is easier to pass than the series 65. The series 66 exam the nasaa uniform combined state law examination is a north american securities administrators association nasaa exam administered by finra. I just took and passed the 63 and am studying for the 65.