The Series 66 exam allows individuals who have already passed the Series 7 exam to register as investment advisers. While the Series 7 allows individuals to sell securities to their clients, the Series 66 license allows them to act as wealth or asset managers with fiduciary responsibility over their client’s funds.

Is Series 66 harder than Series 7?

While the hardest questions from the Series 66 overlaps with the Series 63’s hardest questions, the Series 66 contains even more content that makes it a challenge. There is a lot of content that overlaps with the Series 7, for instance. These topics, and more, lead to a fairly challenging exam.

Should I take Series 7 or 66 first?

Should I take the series 7 or 66 exam first? While you may take either exam first, we strongly recommend that you start with this Series 7 Exam. The Series 7 Exam is a much bigger test and will require significantly more study time.

How long does it take to pass Series 7 and 66?

How Long To Study For Series 7 Licensing: Recommended Study Time To Pass Your Series 7 Exam: You should plan to spend between 100-150 hours in preparing for both the SIE and Top-Off exams.

Is the series 66 hard to pass?

Taking is the Series 66 exam is stressful, even if you are a good test taker. Each candidate will have two and one half hours to complete the exam. A score of 75% or higher is required to pass. Test Preparation The pass rate for the exam isn’t publicly available, but Series 66 is generally considered to be difficult.

Is there a lot of math on the Series 7?

Expect the exam to be about 10%–15% math, including questions on options and margin. Keep in mind that there are a lot of different avenues to a passing score, so you do not need to excel on the math questions to pass as long as you make it up in other areas (e.g., suitability questions).

Do you have to take Series 66 and Series 7?

FINRA’s Series 7 exam is a co-requisite of the Series 66, which means that it needs to be successfully completed along with the Series 66 in order for a candidate may apply to register in a state. There is no order in which the Series 7 and Series 66 must be taken.

Is the series 66 exam administered by FINRA?

The exam is administered by the Financial Industry Regulatory Authority (FINRA), which is also responsible for processing and disseminating test results. FINRA’s Series 7 exam is a co-requisite of the Series 66, which means it needs to be successfully completed along with the Series 66 before a candidate may apply to register in a state.

How to prepare for the series 7 securities exam?

Kaplan Financial Education’s securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the General Securities Representative Qualification (Series 7) and Uniform Combined State Law (Series 66) exams.

What is the purpose of the series 66 license?

The Series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents.