SERIES66 Exam Preparation Guide: Everything You Need to Know
If you're looking to become a registered representative or investment advisor representative, passing the SERIES66 exam is a must. This exam is a combination of the SERIES63 and SERIES65 exams and is designed to test your knowledge of securities and investment advice. In this guide, we'll take a closer look at the exam topics, details, prerequisites, and benefits of the SERIES66 certification.
Exam Topics
The SERIES66 exam covers a range of topics related to securities and investment advice. These topics include:
- Regulatory environment
- Economic factors and business information
- Investment vehicles
- Client investment recommendations and strategies
- Laws, regulations, and guidelines, including ethical practices
Exam Details
Before you take the SERIES66 exam, it's important to understand its details. Here's what you need to know:
Exam Cost
The cost of the SERIES66 exam is $165.
Exam Duration
You'll have 150 minutes to complete the 100 multiple-choice questions on the exam.
Exam Format
The SERIES66 exam is computer-based and consists of 100 multiple-choice questions.
Passing Score
You'll need to score at least 73% to pass the SERIES66 exam.
Delivery Method
The exam is delivered through Prometric testing centers, which can be found throughout the United States.
Difficulty Level
The SERIES66 exam is considered to be moderately difficult, but it can be challenging for those who are new to the securities industry.
Prerequisites of the SERIES66
Before you can take the SERIES66 exam, you must pass the SERIES7 exam or the SERIES6 and SERIES63 exams. Additionally, you must be sponsored by a FINRA member firm.
Benefits of the SERIES66 Certification
Passing the SERIES66 exam and obtaining your certification can offer several benefits, including:
- Enhanced career opportunities
- Increased credibility with clients and employers
- Ability to offer a wider range of investment advice and services
- Compliance with FINRA regulations
SERIES66 Exam Preparation Guide
Preparing for the SERIES66 exam can be challenging, but with the right resources, you can increase your chances of passing. Here are some tips to help you prepare:
1. Create a study schedule
Plan out your study schedule well in advance of the exam to ensure that you have enough time to cover all the necessary material.
2. Use study materials
Utilize study materials such as textbooks, online courses, and practice exams to help you prepare for the exam.
3. Take practice exams
Take practice exams to help you become familiar with the exam format and the types of questions you'll encounter on the actual exam.
4. Seek guidance from experienced professionals
Reach out to colleagues or professionals who have already passed the exam for guidance and advice on how to best prepare.
5. Stay focused and motivated
Staying focused and motivated during your study period is crucial to your success on the SERIES66 exam. Take breaks as needed and try to maintain a positive attitude throughout your preparation process.
Conclusion
Passing the SERIES66 exam is an important step for anyone looking to become a registered representative or investment advisor representative. By understanding the exam topics, details, prerequisites, and benefits of the certification, you can better prepare yourself for success. With the right study materials and dedication, you can pass the exam and open up new opportunities in your career.
Remember, the SERIES66 Exam Preparation Guide is just the starting point. It's up to you to put in the effort and time necessary to succeed on the exam.