STC’s series 66 exam pass rates are over 20% higher than the national average, Gain access to practice exams, flashcards, instructor hotline and more, You do not need to be associated with a firm prior to taking the exam, After you pass, you will likely need to be associated with a firm in order to apply for a state license, If you are associated with a FINRA member firm, the firm must file Form U4, and then FINRA will email you enrollment instructions, If you are not associated with a firm, you can enroll for your Series 66 exam on the FINRA website, After you are enrolled, you will have a 120-day window to schedule your exam at a Prometric test center, After you are enrolled to take the exam, you have 120 days to schedule and take the exam at a Prometric test center, You can schedule your exam at www.prometric.com/finra or by calling their Contact Center at (800) 578-6273, Be sure to review your exam confirmation email for your exam-day details, Arrive 30 minutes before your scheduled exam, You will also receive a printed copy of your score report, If your test was completed on a computer, you'll get your results once you complete the exam, Passing the Series 66 exam is a prerequisite to a license, not a license in and of itself, Before you can get licensed (registered), you must also pass the FINRA Series 7 exam, which is a pre-requisite to the Series 66 exam, After you've passed both the Series 66 and Series 7 exams, follow the steps required by your state regulator—such as filing a Form U4, paying a state fee, and passing a background check—to get licensed. 5755 North Point Parkway, Suite 227 | Alpharetta, GA 30022 | 770-410-9375 | support@ABTrainingCenter.com, Securities Industry Essentials (SIE) Examination, Series 66 Exam Prep - Online Premier Package, Securities Licensing Information And Courses, How Long To Study For Your Securities License, How To Become A Stockbroker / Registered Representative, Economic Factors and Business Information, Client Investment Recommendations and Strategies, Laws, Regulations, and Guidelines, including Prohibition on Unethical Business Practices, A comprehensive FINRA license exam textbook, An online video review that you can watch at your leisure as often as you need to, A Mastery Exam that very closely simulates the actual exam with respect to question type and difficulty, The SecuritiesPro QBank custom exam questions and the InstructorLink resource.
NASAA is in the process of updating questions on the Series 63, 65, and 66 exams in light of the recently enacted SECURE Act. Candidates aren't eligible to take the exam unless they're sponsored by an employer, and most employers provide extensive training and assistance for potential brokers as they prepare for the exam. The Series 66 license is accepted by the state regulators provided the individual has a valid Series 7 license. The Series 66 license, known as the Uniform Combined State Law Examination, is a North American Securities Administrators Association ( NASAA) exam that is administered by FINRA. The exam consists of 100 scored questions. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions. That means you need both, but you can take them in either order.
Rather, the state regulators will confirm that the Series 7 license is still valid at the time the individual is registering their Series 66 license with the independent registered investment advisor firm. ©2020 Registered Advisor Services – PO Box 1036, Dover, NH 03821.
The exam consists of 100 scored questions.
Candidates have 150 minutes to complete the exam.
Decker wrote for the Saint John, New Brunswick Telegraph-Journal, and has been published in Canada's Hospitality and Foodservice magazine. The exam includes 110 questions, 100 of which are scored. NASAA will update this website when it has completed its review, made any necessary changes, and has a planned switchover date.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
©2020 Registered Advisor Services – PO Box 1036, Dover, NH 03821
The Series 66 exam allows individuals who have already passed the Series 7 exam to register as investment advisers. Some important details of the exam are: The exam content attempts to test candidates on the macroeconomic environment, investment strategies and recommendations, and securities laws. Individuals who are considering starting their own, independent RIA firm will need to have the Series 66 license for registered investment advisors.
The Series 66 examination and license combines two separate licenses into a single examination and licensing process. Having a Series 66 license demonstrates that you have proven your knowledge of Securities Rules and Regulations; Product Education; Conduct and Business Ethics; State Laws; Retirement Planning and Investment Adviser Rules. The Series 66 license permits you to provide investment recommendations and strategies, make investment recommendations re wealth management and financial planning, discuss alternative investments, and cover other topics that have been determined to be necessary to provide investment advice and effect securities transactions for clients.
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In most states, aspiring advisers must also complete an application, background check and bonding process before they're allowed to do business in the field. The Series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents.
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These exams offer knowledge on products such as investment, direct participation programs, mutual funds, futures and foreign exchange, among others. Candidates have 150 minutes to complete the exam. Get your Series 66 License with STC: Over 1,000,000 people have used STC to pass their securities licensing exam.
The Series 66 exam fee is $155 and consists of 100 multiple choice questions and 10 pretest questions.
It consists of 100 multiple-choice questions, with a testing time of up to two hours and 30 minutes. Below, we’ll tackle what the exam is, what exactly it …
Career options after obtaining this license may include: The topics provided by NASAA can be studied from different finance books available or online.
The co-requisite exams for the Series 66 are the SIE Exam and the Series 7 Top-Off Exam. That's why there are several layers of laws and regulations governing investments, for everyone from publicly-traded companies to the individual brokers who sell securities. 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.