Has anyone taken the 66 lately?
Hello all, just wondering if anyone has taken the 66 as of late and what was on it etc. as compared to FIRE and Kaplan and the like. I appreciate your assistance.
FIRE solutions has a bad rep with people. I used Kaplan and did really well on it.
I would look for a provider who organizes the material well. The investment part of the material should be similar for all of the providers. The regulatory part of the 66 is the issue. Organization is the key here. State, Federal, exceptions, etc.
Well I sat for the 66 today and did not have a positive outcome. in fact, I scored lower than on all of my practice exams. Not feeling real good about it as of this moment. However, I will have one more chance to take it before my employer says thanks but no thanks. My colleague also was unsuccessful today on it as well. The firm appears to not be a big fan of FIRE for this as multiple people have not had success using them for the 66. I really don't feel like outlaying $125.00 for TC but I may have too. I scored well on the investment part of the tests, but laid an egg on the rules and regs. and at the end of the day that's what his test is for. I am considering sitting for my 65 as I have that option but am not sure if this would be a wise move given the amount of time I have put in to the 66. Thoughts?
I took the 66 twice in the last 60 days and managed to get 74 both times...I used STC but I don't see it as useful as it was for the 7. I purchased testteacheronline.com...I hope third time is a charm
ccon2000, that is a shame. So close both times. Which parts were your weakest ones?
Hey mstudy, I really don't know what exactly im weak at...maybe understanding the wording on the exam...just seems like the material from STC did not cover part of what I was reading or maybe just don't understand the questions very well
Sorry to hear that, dg...I failed the first time with FireSolutions, passed the second time with an 85 with Training Consultants. I think they're very effective with teaching what you need to know for the test and also how to approach the test generally.
joeman335td, I purchased testeachersonline.com but I've heard so many positive reviews on Training Consultants...I'm thinking of purchasing Training Consultants for $225 even though I just spent $125 on the other training material
A couple of suggestions. For investment topics, don't spent too much time memorizing formulas unless they are very simple ones. The calculator you get to use is very limited. On the regulatory side, knowing what is federal and what is state can be difficult to remember. Create a file comparing the laws
I've taken the Series 66 twice since May. I'm about as frustrated as someone can get. My next test date is tomorrow.
I first started with a book from PassPerfect. I did not realize that there were more materials out there; my firm had provided me said book and nothing else. No practice tests.
I failed miserably.
After re-reading the book and doubling my stack of index card notes, I failed with a score EVEN LOWER than the first try.
Some begging ensued and I was sent a copy of the STC manual and access to their 10 practice exams.
Reading through the book was far more fluid than the PassPerfect book; I found the presentation of material more easily digested.
Now, when I started taking the practice tests, my confidence absolutely plummeted. The wording on the exam questions is just unbelievable. A six year old could write more clearly than this. One exam referenced two types of clients for an IAR, but then the answer/explanation only referenced the one type, as if the second type mentioned in the question didn't exist. One question referred to the dollar amount for a Federal Covered Advisor with a number that completely mismatched the number given in my study book.
As I said, I am so incredibly frustrated. I can't seem to nudge above a 60% on my practice tests. My alternate plan is -- should I fail tomorrow -- to take the Series 65 and 63 exams instead. I will otherwise have to wait 180 days to take a fourth try at the Series 66, and I just do not think I'll have the support from my team to wait that long.
(Oh yes, the embarrassment of having to return the office a failure is just salt on the wound.)
It is probably a little late for advice but I will give a little anyway. The test has very few calculations so don't worry about memorizing too many of those for the test. I say this because the calculator you get to use is very limited. The investment topics are relatively easy for me. If you have seen it a thousand times in school and at work, you eventually get it:)
The regulatory stuff is very confusing and unless you have a background in compliance or securities law, it can be very difficult. Therefore, organization is essential. A significant part of the test deals with what IS and what ISN'T. Is the person an investment adviser, if yes to the definition, then move to step two; is registration reguired..... Similar can be said for securities. Is it a security...?
Just know the difference between state and federal registrations as they pertain to the various security acts. It is very important that you understand these concepts.
Sadly, frustratingly, I missed scoring 75 by two points. I found that there were topics in my training materials that were not on the test and, naturally, topics on the exam that were not in the manual. It felt as if the test were written a few years prior to the study materials.
My plan now is to switch to the 65 and 63. Thankfully, my team has been supportive.
I am taking the 66 on Wednesday. I have been using the Training Consultants practice exams, which seem a little too easy. I have been scoring in the high 80's easily. I also just took some of the Kaplan qbank exams and am barely passing. Is this normal?
According to everyone who has used TC, it's normal. I can confirm that a lot of the other study tools give you information overload. Everyone here says TC cuts to the chase. I've been using it and sit tomorrow (finally after putting it off for 3 months). So I'll let you know around 6 tomorrow night!
Well good luck on the test tomorrow. I will be anxious to hear how close TC was to the actual test.
So I finally took it. I feel a little dumb for putting it off so long now as I got a 92. But honestly, I had no idea what I was going to get when I hit that button. I thought it was going to be really close.
As for TC, I'd say it helped a whole lot. I took a pretty big break from the entire test this summer and then decided to schedule it just to not put it off anymore. Of course I then put studying off and ended up going through the entire course from last Thursday until 4 AM this morning, (Don't make that mistake.)
When I got in today, the first 20 went just as everyone had said. Word for word, I'd seen every question on TC. But then I hit a long period where I just wasn't certain on a lot of questions and started thinking, here we go again. But they were almost all 50:50 with the typical 66 answers where one word you don't see is changing the entire question. There were a few question I remembered seeing on my first test and those were things that TC doesn't really get into (volatility specifically and I had a futures option style problem rather than the definition TC gives you.)
Anyway, I'm couldn't be happier that I'm through this thing. I'd rather sit through ten more S7s than the 66 again.
Final Grades for my study materials:
Training Consultants: A-
Fire Solutions: D-
Good luck to everyone else.