Series-65 - Questions Answers PDF

Description

Series-65 Uniform Investment Adviser Law Exam 

The Series 65 exam, also known as the NASAA Investment Advisers Law Examination, is given by FINRA on behalf of the North American Securities Administrators Association (NASAA). A financial advisor can provide clients with investment advice and analysis thanks to Series 65. To sell packaged financial products or to buy and sell securities, a professional must pass the Series 7 exam. 

Finra Series 65 Exam Format:

The exam covers subjects that it has been established are essential for candidates to comprehend to give clients investing advice. The Uniform Investment Adviser Law Examination includes 130 multiple-choice questions (MCQs) and ten pretest questions, all of which cover the subject in the following study plan. One hundred eighty minutes are given to candidates to finish the test. To pass the Series 65 exam, you must properly answer at least 94 (72%) questions.  The test is administered in a closed-book format. The candidate will get rapid access to the overall test score and the results for each portion of the exam after it is finished. 

Moreover, the Finra series 65 exam costs $187. This series 65 license exam is administered by Finra. However, if you passed Series 65, you may also need to take the FINRA Series 7 exam to be fully licensed to sell securities and execute trades. The only prerequisite for becoming an IAR is passing the Series 65 exam, formerly known as the Uniform Investment Advisor Law Exam. There are no prerequisites for taking the exam, and applicants are not required to have an investment firm sponsor them. However, they must submit Form U10 (Form U4 for brokers) and pay the $187 exam cost.

Series 65 Flashcards Content Outline:

• Economic Factors and Business Information (15%, 20 questions)
• Investment Vehicle Characteristics (25%, 32 questions
• Client Investment Recommendations and Strategies (30%, 39 questions)
• Laws, Regulations, and Guidelines, including Prohibition on Unethical Business Practices (30%, 39 questions)

In 1989, NASAA developed the Series 65 exam to test candidates’ readiness for commission- or fee-based investment advising positions, such as those of financial adviser or RIA. Its primary areas of attention when it first began were the Uniform Securities Act, NASAA regulations, and securities industry ethics. Our course will help to pass the series 65 exam on the first attempt. It provides all the relevant information and 90 days of free updates on exam topics. Our practice exam will surely increases your success rate in the exam.