Both the Series 65 and Series 66 qualify you as an investment adviser representative, but they fit different situations. The Series 66 is paired with the Series 7; the Series 65 stands alone. Choosing the wrong one means re-testing.
| Series 65 | Series 66 | |
|---|---|---|
| Exam body | NASAA | NASAA |
| Questions | 130 | 100 |
| Time limit | 180 min | 150 min |
| Passing score | 72% | 73% |
| Topics covered | 4 | 4 |
| CertPractice price | $19/mo | $19/mo |
Take the Series 66 if you already hold (or are taking) the Series 7 — it is shorter and assumes that product knowledge. Take the Series 65 if you are not a registered rep, because it stands on its own.
Required for investment adviser representatives. No firm sponsorship needed. Gateway to fee-based advisory.
Start studying First chapter freeCombines Series 63 + 65 into one exam. Paired with Series 7 for full broker-adviser dual registration.
Start studying First chapter free