63 compared to 65/66
How is the 63 compared to those two test. For those who have taken both, would you say the 63 was more or less difficult then 65/66, can you take it without a sponsorship and what type of study time is required?
You must be sponsored for all FINRA exams, including the 63. I took mine way too long ago to be helpful to you.
[quote=OldLady]You must be sponsored for all FINRA exams, including the 63. I took mine way too long ago to be helpful to you.[/quote]
Not true, you can take the 63 and a few others without being sponsored, although I don’t know why you’d want to.
From the FINRA.org website…
Question: Email this FAQ | FAQ Home Which FINRA qualification examinations do not require brokerage firm sponsorships?
Exams that do not require sponsorship
include the Series 3, 30, 31, 32, 33, 63, 65, and 66. However, the
Series 7 must be successfully completed in addition to the Series 66
Examination before a candidate can apply to register with a state. You
may take either exam first but must pass both exams.
I just took and passed the Series 65 last Saturday. Personally, I thought it was pretty gnarly.
Like Mike Damone, I also passed the 65 this weekend .... I might have studied the practice questions for a total of maybe 4 hrs .... and I passed ...But, I am Series 6, 63, and 7 licensed, so alot of the info you would know from the other licensing material
I passed the 66 after the 7 and I thought the 66 was not too bad. Have no idea about the 63. Why in the world would you be taking the 63 when the 66 is the 63 & the 65 and you can do fee based???I studied for two weeks after the 7 and passed the 66 with an 81.
Like Mike Damone, I also passed the 65 this weekend .... I might have studied the practice questions for a total of maybe 4 hrs .... and I passed ...But, I am Series 6, 63, and 7 licensed, so alot of the info you would know from the other licensing material [/quote] Why in the world do people who have the 7 go and take the 65, instead of the 66? I assume their ultimate goal is to promote to the Department of Redundancy Department?
Regarding the 66 as opposed to 65 for RIA, I know someone who has done this, or became a wholesaler for an RIA which will cause him to loose the 7 in two years. I was interviewed for a similar role a year ago in which I was told I would loose my 7 if there for two years but not the 66. I also know an individual who lost his 7 in such a context and was able to petition the NASD (wasn’t FINRA yet) to reinstate his 7 since even though it wasn’t registered, he was still working in a finance related position. They can do this on a discretionary basis.
I got my 6 and 63 at one firm, and my 7 and 65 at another … it doesnt matter tho, because the 63 + 65 = 66 … i just didnt want to go over 63 material again, so I opted to just get the 65 instead
icecold, a 66 allows you to function in the same capacity as one with a 65. The title is “uniform combined” referencing state (63) and registered investment advisor (65) designations. You just don’t need the state component. I know several people working at RIA wholesalers within the Schwab network that are not hanging their 7 but have the 66 and are using it to fulfill the RIA designation necessary to sell advisory services alone independent of products. You shouldn’t have to ever get the 65.