6 key steps to ace the Series 66 exam
- Step 1: Know what you’re dealing with ...
- Step 2: Be realistic about setting aside study time ...
- Step 3: Find the best materials to study from ...
- Step 4: Make a schedule and stick with it ...
- Step 5: Read the textbook cover to cover ...
- Step 6: Get the most value out of practice questions ...
How often can you take the series 66 exam?
There is no order in which the Series 7 and Series 66 must be taken. 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.
How long does it take to study for the series 65 exam?
But the bottom line is that the Series 65 exam isn't really much harder than other common industry licensing exams, like the Series 6 or the state Life and Health license. Most will take 2-4 weeks to study, spending about 20-30 hours, and pass the exam with its required 72% passing grade.
What is the pass rate for the series 66 exam?
While the passing score for the Series 66 exam is 73%, we don't believe that the Series 66 exam pass rate for students is that far off. For example, what we tend to see with our students is a higher pass rate (typically 80% and higher).
How much does a series 66 exam cost?
What do the exams cost? The exam fees are: $147 for the Series 63; $187 for the Series 65; and $177 for the Series 66. Do I need to have a sponsor before I take the Series 63, 65, or 66?
How long does it take to study for Series 66?
55-60 hoursHow long do I need to study for the Series 66 Exam? When preparing to take the Series 66 exam, you should plan to study for 55-60 hours. Typically, candidates study over the course of 2 weeks. The time you need to spend preparing for the exam varies depending on your familiarity with the material.
How do I study for the Series 66 exam?
6 key steps to ace the Series 66 examStep 1: Know what you're dealing with. ... Step 2: Be realistic about setting aside study time. ... Step 3: Find the best materials to study from. ... Step 4: Make a schedule and stick with it. ... Step 5: Read the textbook cover to cover. ... Step 6: Get the most value out of practice questions.
How difficult is the Series 66 exam?
Overall, the Series 66 difficulty level is a step up from the SIE Exam difficulty, but it can be easily accomplished with a disciplined approach. Take your time, but more importantly, put the time in. Series 66 endurance is often more important intellect. Keep focused and in a routine and you'll do great!
Who has the best study material for the Series 66?
Best Overall Securities Institute of America With its reasonably priced, comprehensive offerings of high-quality study materials with a money-back guarantee, the Securities Institute of America is our choice as the best overall Series 66 exam prep provider.
What is harder the Series 65 or 66?
Is It Harder to Pass the Series 65 or Series 66 Exams? While the pass/fail rate for these exams is not publicly available, many consider the Series 66 exam less difficult than the Series 65 because the latter is longer. The Series 65 contains 130 questions and the Series 66 has only 100.
Is Series 66 or 7 easier?
Many people find the Series 66 exam easier, as they've already taken the Series 7 exam by the time they take the Series 66 exam. You can prepare for both exams by using online resources and study materials.
How long is Series 66 Good For?
The Series 66 license does not have an expiration date. Instead, your license remains current as long as you remain employed by a sponsoring firm, company, or organization. If you leave your position or company, your license will still be current for two years as you search for a new job in the industry.
Is the series 63 or 66 Harder?
Generally speaking, the Series 66 exam is considered more difficult than the Series 63 test. It has almost twice the amount of questions with a strict 150 minute time limit. Plus, the exam is intended to prepare you for a career as both a securities agent and an investment advisor representative.
What is the Series 66 exam like?
The Series 66 examination contents include 100 multiple-choice questions that are scored and 10 pretest questions that are not scored. Candidates have a maximum time of 150 minutes to complete the examination. To obtain a passing score, a candidate must correctly answer 73 of the 100 questions that are scored.
How many times can you fail Series 66?
A candidate who fails the exam must wait at least 30 days before taking it again. The same rule applies to someone who has failed a second time and who wishes to take it a third time. After a third failure, a candidate must wait at least 180 days before taking the exam again.
Is STC good for Series 66?
If you've used it for any prior FINRA or NASAA exams then you will be very familiar with the user interface for the Series 66. STC does a good job in organizing their textbook, but in our view their practice exams, and the interface of their online questions leave a lot to be desired.
What is a passing score for Series 66?
73The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 exam, he/she must correctly answer at least 73 of the 100 scored questions. There is no prerequisite for the Series 66 exam.
How is Series 66 weighted?
The number of items on the Series 66 remains unchanged. The passing score for the Series 66, however, has been modified to better reflect the weighting of the examination and the number of questions on each topic. The new passing score on the Series 66 is 73 correct out of 100.
Is STC good for Series 66?
If you've used it for any prior FINRA or NASAA exams then you will be very familiar with the user interface for the Series 66. STC does a good job in organizing their textbook, but in our view their practice exams, and the interface of their online questions leave a lot to be desired.
What can I expect from the series 66?
The Series 66 examination contents include 100 multiple-choice questions that are scored and 10 pretest questions that are not scored. Candidates have a maximum time of 150 minutes to complete the examination. To obtain a passing score, a candidate must correctly answer 73 of the 100 questions that are scored.
How many questions are on the Series 66 exam?
There are 110 multiple-choice questions on the test. Of those, 100 are scored, and 10 are not.
What is the test’s passing score?
Candidates must correctly answer 73 out of 100 questions to receive a passing grade.
How much time do I have to complete the test?
Candidates have 150 minutes to complete the Series 66 exam.
How much is the exam fee?
The test fee is $165.
What’s on the Series 66 exam test?
There are four categories of questions on the test. Economic Factors and Business Information contains five questions that focus on methods of anal...
When will I receive my test score?
Candidates receive their score as soon as they finish the exam.
Where can I take the test?
The Financial Industry Regulatory Authority has hired an independent testing organization with testing centers across the country to administer the...
What are the policies at the test center?
Candidates should get to the test center early on test day. Any candidate who arrives at the center more than 15 minutes late won’t be allowed to t...
What identification do I need on test day?
You’ll need a government-issued ID that has your photo and signature.
Can I bring personal items like a mobile phone into the test room?
No. No personal items of any kind, including electronic devices and certain items of clothing, are allowed in the testing room. All personal items...
How Long Does It Take to Study for the Series 66 Exam?
Most exam prep providers recommend setting aside 50 to 80 hours, which should be spread out over four to five weeks for a person working full time.
Which is the best series 66 exam prep?
With its reasonably priced, comprehensive offerings of high-quality study materials with a money-back guarantee, the Securities Institute of America is our choice as the best overall Series 66 exam prep provider.
What is Securities Training Corporation's Premier Plus?
For students looking for the best top-tier course, Securities Training Corporation's Premier Plus study package is stacked full of tools and features to match any learning style, making it our choice as the Series 66 exam prep course provider with the best premium course offering.
What is the 66 exam?
The Series 66 exam was created by the North American Securities Administrators Association (NASAA) to address the licensing needs of Investment Advisor Representative (IAR) candidates who also want to hold the Series 7 license. Generally, anyone who wants to be registered as an IAR need only pass the Series 65 exam.
How much does it cost to study at ExamFX?
Self-directed students, who prefer to study at their own pace with no need for on-demand or virtual instruction will find everything they need in ExamFX's Self Study package, $159.95, including instructor support, an interactive learning portal, online exam simulations, readiness exams, and a Guarantee Exam.
How much is the NRS 66 course?
While National Regulatory Services (NRS) only has one Series 66 course offering, it is one of the most complete packages you can find for $200, making it our choice for the best value for an all-inclusive offering.
Does SIA offer a refund for Series 66?
All their Series 66 course offerings include the Greenlight Exam Guarantee, promising a full refund for students who pass the Greenlight Exam yet fail the exam on their first attempt. SIA boasts a 90% pass rate average for all its securities exams.
How many questions are asked in the series 66 exam?
Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions. There is no prerequisite for the Series 66 examination.
When will the NASAA series 63 exam be updated?
At this time candidates should answer exam questions reflecting the state of the law as of December 21, 2020.
Is there a prerequisite for the Series 66 exam?
There is no prerequisite for the Series 66 examination. However, the Series 7 examination is a co-requisite to the Series 66 Examination.
What is the series 66 exam?
The most qualified professionals have taken the North American Securities Administrators Association’s Uniform Combined State Law Examination. The test, commonly called the Series 66 exam, is administered by the Financial Industry Regulatory Authority. The exam grills applicants on a wide range of financial questions.
How long does it take to pass the Series 66 exam?
Candidates have 150 minutes to complete the Series 66 exam.
How many questions are on the Series 66 exam?
There are 110 multiple-choice questions on the test. Of those, 100 are scored, and 10 are not.
What are the policies at the test center?
Candidates should get to the test center early on test day. Any candidate who arrives at the center more than 15 minutes late won’t be allowed to take the exam.
What if I need writing materials and a calculator for the test?
Candidates will receive, at the testing center, a whiteboard/dry eraser and a basic calculator.
How many questions are asked in client/customer investment recommendations and strategies?
Client/Customer Investment Recommendations and Strategies has 30 questions. Candidates will see questions about:
How many questions are asked in the prohibition test?
Laws, Regulations, and Guidelines Including Prohibition on Unethical Business Practices is the largest area of the test, with 45 questions:
How difficult is the Series 66 exam?
The Series 66 difficulty level is relatively high compared to the other exams required to become a fully licensed investment advisor rep. There are a few concepts that you might agree make it particularly challenging (which we detail below). The large majority of our students get through the exam whether it's on the first or second try. If you're down to your third try, this is where we highly recommend you reach out. While we know tutoring isn't for everyone, it's quite common that if you haven't passed the second time there are some definite gaps that may not seem obvious. A Series 66 tutor may be what you need.
What is the complaint about Series 66?
First and foremost, the recurring complaint we hear as a Series 66 tutor is that the rules are hard to follow. What we mean by this is that the exam covers a large portion of rules that require memorization. It's not always easy to keep these rules and regulations straight. For example, you'll need to know the difference between what is defined as a security and what isn't. Next, what makes a security exempt from registration with the SEC vs one that is non-exempt? Similarly, what makes a transaction exempt vs non-exempt?
What are the corequisites for FINRA?
One thing that might really help you boost your score if you have no experience with these exams is to take the "corequisites" first: 1) SIE Exam, and; 2) Series 7 Top-Off Exam. While the corequisites do not overlap the Series 66 exam entirely, you will definitely see plenty of the same content between all three exams. The overlapping content will give you a major step-up in your study process. Not only that, but you will be familiar with how other FINRA exams are tested. If you have to take the Series 65 or 63 exam, you will also see serious overlap in both of those with the Series 66 exam.
What is the difference between a series 63 and 66?
On the other hand, the Series 66 exam is for agents that plan to transact (or make offers to transact), but ALSO plan to offer advice, and get compensated for it.
What is the pass rate for the series 66?
While the passing score for the Series 66 exam is 73%, we don't believe that the Series 66 exam pass rate for students is that far off. For example, what we tend to see with our students is a higher pass rate (typically 80% and higher). This is due to a few reasons.
What overlaps with Series 7?
There is a lot of content that overlaps with the Series 7, for instance. Variable annuities, fundamental analysis, stop orders, limit orders, are a few of the overlapping topics. Additionally, the Series 66 also has a section that focuses more on portfolio management.
Is series 66 difficult?
Overall, the Series 66 difficulty level is a step up from the SIE Exam difficulty, but it can be easily accomplished with a disciplined approach. Take your time, but more importantly, put the time in. Series 66 endurance is often more important intellect. Keep focused and in a routine and you'll do great!
kidchico
Hey everyone, I have scoured the internet looking for (serious) Series 66 material and haven’t been able to find any. My exam is in about 4 weeks. I am planning on taking the 1-day Kaplan prep course. I took the Series 7 prep course and it helped me do well on that test. Any ideas where I can get a good Series 66 study book? Thanks.
kidchico
Here’s the thing: I didn’t use any Kaplan material except what was provided in the class. I had a Dummies book and Pass the 7. I’ve heard from many people Kaplan makes the information even drier, not to mention all the extra info added in.
jene
check these series 66 notes made by a fellow finanical advisor on ebay. if you type “personal series 66 notes,” the item may still show up.
JohnnyAustin
Hey guys, first post, and I have some questions about the 66. I passed the 7, studied half heartedly for the 66, and failed it. Took it again but this time studied my ass off.
jene
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MESELX:IT&item=140309454760 don't beat yourself up over this exam though. i'm sure you'll pass next time.
anonymous
Take practice exams from a source other than the other one that you used to study the material.
Wasabi Avenger
In my experience, STC is the best material for any of the series exams.
What is a series 6 license?
A Series 6 license qualifies an individual to sell investment company securities, mutual funds, variable annuities, and variable life insurance products. A Series 6 license requires you to take and pass both a Securites Industries Essentials and the Series 6 Top-Off Course. Required Classroom Hours:
How many hours do you need to take the series 7?
Required Classroom Hours: Securites Industries Essentials: 24 hours. Series 7 Top-Off Course: 16 hours.
Who administers the Series 66 exam?
The exam is administered by the Financial Industry Regulatory Authority (FINRA), which is also responsible for processing and disseminating test results.
What Is the Series 66?
The Series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents. 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.
How many questions are asked in the Series 66 exam?
The Series 66 exam has 100 multiple-choice questions that are scored, and a candidate must correctly answer 73 of those questions in order to pass. The comprehensive exam covers topics such as economic factors, the characteristics of investment vehicles, client/customer investment recommendation strategies, and laws and regulations.
How much does it cost to take the FINRA 66 exam?
An individual's employer can register a candidate for the exam by filing either a Form U4 or Form U-10 and paying the $165 examination fee. FINRA's Series 66 Informational Page has additional details.
What are the 30 questions in the Client/Customer Investment Recommendations and Strategies section?
Client/Customer Investment Recommendations and Strategies (30%): The 30 questions in this section include, but are not limited to: types of clients (including individuals, businesses, and trusts and estates), client profiling (including financial goals, current financial status, and risk tolerance), capital market theory, portfolio management strategies, tax considerations, retirement planning, trading accounts, and performance measurement.
What is a comprehensive exam?
The comprehensive exam covers topics such as economic factors, the characteristics of investment vehicles, client/customer investment recommendation strategies, and laws and regulations.
When will the 66 series be updated?
As of December 2018 , the North American Securities Administrators Association (NASAA), which creates the Series 66 exam, had updated its questions due to recent changes in the tax code. Questions using the 2018 tax code were rolled out in January 2019.
