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About the Series 65

By Edited Nov 29, 2013 0 0


The nice thing about the exam is it is easy to get in and take. There are not any requirements to taking the Series 65 examination that might might find for many other FINRA tests. In fact, getting the license tends to make an individual's resume appear more attractice. As a result, you may get employed and sponsored for different tests, such as the Series 7.

Testing Details



The Series 65 assessment was created by NASAA, but is run through FINRA. Thus, people looking to take t
he examination have to take it at a FINRA accredited testing location. Included in this are Pearson and Prometric testing centres. Applicants need to file a form U10 prior to booking their assessment date. This is to obtain a FINRA identification number or username.

The exam itself is 140 multiple choice questions, however ten of these questions will not be graded. The exam interval is three hours. Once a U10 form is filed with FINRA, an examination can be booked every day except for Sunday. Passing the Series 65 test requires a score with a minimum of 72%. A sheet of scratch paper, pencil, and calculator will be supplied at the exam.

Additional Details

Should a candidate flunk the test, they can retake it after waiting 30 days. Those that are unsuccessful 3 times in a row need to then wait for half a year.

Individuals who have a Series 7 permit already shouldn't take the Series 65. Alternatively, there exists a Series 66 exam, which joined with a Series 7 is the same as the 65.

Becoming a RIA

Once a person has passed the test and has obtained a license, they may then submit an application to become a Registered Investment Advisor (RIA). If they handle under $100 million they're able to apply at the state level. Should they control over $100 million they must apply to the SEC.

A Registered Investment Adviser may be an individual, a partnership, or a corporation. A RIA can gather a fee by either operating a client’s financial portfolio or providing advice. This differs from a broker since there is not any commission charged for each transaction. Instead, RIA’s operate on a fee structure. Usually this is by the hour for guidance or a percentage of a client’s portfolio annually.

The securities that Registered Investment Advisors deal with are often stocks, bonds and mutual funds.


Make sure to study prior to taking the exam.  Get to know the content covered by getting a hold of a series 65 study guide.  Familiarize yourself with exam questions so you can get a handle on test format as well.



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