Series 65 Exam:  Uniform Investment Advisor Law

The Series 65 exam is for professionals that have not taken the Series 7.  It is intended for Investment Advisors.  No prior licenses are needed. The Series 65 covers material from the Series 66 and product information from the Series 7, in addition to portfolio management, ethics, client profiles, and risk evaluation.

FIRE's Series 65 Exam Prep Features

  • Online self-study modules
  • Live and recorded web tutorial sessions
  • Online quizzes and Final exams.  Your average score on our final exams is typically within 3 points of your actual score
  • FIRE's Green Light plan ensuring you stay on track (90%+ pass rate)
  • FIRE Drill Quiz Apps available for free download (iOS & Android) at https://www.firesolutions.com/apps
  • Free on-demand printing of online materials
  • Unlimited toll-free telephone and email access to our expert trainers

Green Light

FIRE's exclusive Green Light plan is designed to maximize your chances of passing your exam by ensuring your training remains on schedule, gauges your readiness and promotes confidence.  A Green Light certificate is issued by completing 100% of the module quizzes and exams and averaging at least the minimum passing score on your first attempt.  Students that achieve a Green Light pass their exams over 90% of the time!

Topics: 

  • Introduction
  • Equities  
  • Corporate Bonds  
  • Government Bonds  
  • Municipal Bonds  
  • Investment Companies  
  • Annuities  
  • Options  
  • Trading Markets
  • Economics, Risk, & Market Analysis  
  • Risk & Evaluation
  • Client Profiles  
  • Portfolio Management  
  • Taxation  
  • Financial Statements  
  • State Administrators & Regulatory Oversight
  • Investment Advisers & the Federal Acts
  • The Uniform Securities Act  
  • Registration of Persons & Securities  
  • Prohibited Practices & Business Practices of
  • Investment Advisers
  • Federal Acts

Modules = 20

Exam Prep Study Time = 70 hours

How the Series 65 Exam is Structured

Each Series 65 exam has a total of 140 questions, for which the applicant has 180 minutes to complete. One hundred thirty (130) of the questions count toward whether the candidate passes or fails the Series 65 exam. The other 10 questions are experimental, untimed, and can appear in any position within the exam but do not count towards the final grade. To pass the Series 65 exam, candidates must achieve a score of 72% or higher.

Questions on the Series 65 Exam

You should see this approximate distribution of questions on your Series 65 exam:

•  Ethics and Legal Guidelines                                          45
•  Investment Recommendations and Strategies         39
•  Investment Vehicles                                                       26
• Economics & Analysis                                                     20

How to Schedule Your Exam

To take the Series 65 exam, your firm must first file your Form U-4 and open a window with FINRA. Once that window is open, you may schedule your exam by contacting either of the testing centers authorized to administer the Series 65 on behalf of FINRA:

• PearsonVUE — www.pearsonvue.com, or 866-396-6273, or
• Prometric — www.prometric.com, or 800-578-6273

What to Expect at the Testing Center

You should arrive at the testing center 30 minutes in advance of your appointment, and bring a government-issued photo ID, such as a driver's license, military ID, or passport. You will be fingerprinted when checking in.

You will be provided with a locker to store your personal items. You may not take anything into the testing room. The testing center will provide you with earplugs, a calculator, and pencils and scratch paper or markers and dry-erase sheets.