Registered Investment Advisor
As modified on January 1, 2000 by NASAA, the Series 65 exam is required by most
states for individuals who wish to act as "Investment Advisors" or "Investment
Advisor Representatives" ("IARs").
Some state securities administrators refer to this 130 point, 3 hour exam as
the "new Series 65" exam. Some states require the principals of the Registered
Investment Advisor to score greater than a 70%.
The Series 65 exam is waived by some states if the applicant has the
CFP
(Certified Financial Planner), the ChFC (Chartered Financial Consultant), APFS
(Accredited Personal Financial Specialist), CFA (Chartered Financial Analyst),
the CIC (Chartered Investment Counselor), or other designations or items as
ruled by the (state) administrator.
An alternative to the Series 65 is a registrant who has passed the
Series 7
and 66 exams.
No exam prerequisite. $120 test fee Form U-10 or U-4
Series 65 Test Topics
|
Approximate Test
Questions
|
Economic Analysis:
Basic concepts, financial statements, quantitative methods, risks. |
20 |
|
Investment Recommendations and Strategies: Financial profile, portfolio
strategies, taxation, retirement plans, trading, calculate performance. |
39 |
Investment Vehicles:
Cash equivalents, fixed income, equities, investment companies, derivatives,
international investing annuities, real estate trusts and partnerships. |
26 |
Ethics and Legal Guidelines:
Federal and State securities laws, ethical practices. |
45 |
|
|
Total 130
questions |
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in self-study programs for FINRA(NASD) test preparation -- and in coordinating
registration services for Investment Advisors, Broker Dealers, Commodity Trading
Advisors, and Introducing Brokers. You may order study materials for the
Series 65 Exam at our site. Study materials include study text and optional CD
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|
