S65 or S66

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Feb 18, 2006 8:06 am

I'm a general securities rep. with the S7 and 63. I need to get my advisor license to talk about one of our advisor products. I know the S65 and 66 let me do this. Which exam should I sit for and what's easier

Feb 18, 2006 9:11 am

The 66

Feb 18, 2006 12:22 pm

Well, I have the 66 which is a combin of the 63 and the 65.  I don't know how the 65 could be easier.


Study time about 2 weeks.  But, I took it after my 7 so I was fresh.  There is some duplicate material.

Feb 18, 2006 7:14 pm

I'm studying the 65. Like you I already have the 7 and 63.  If I have the 65 and want to I can drop my series 7.  You cant if you hold the 66.  

Feb 18, 2006 8:19 pm

you need the 65.  the 66 is for people who don't have the 63

Feb 18, 2006 9:21 pm
babbling looney:

I'm studying the 65. Like you I already have the 7 and 63.  If I have the 65 and want to I can drop my series 7.  You cant if you hold the 66.  


How is this.  The 66 is a combo 65/63.  Is this opinion...or is there a verifiable resource to verify your statement.

Feb 19, 2006 8:02 am
babbling looney:

I'm studying the 65. Like you I already have the
7 and 63.  If I have the 65 and want to I can drop my series
7.  You cant if you hold the 66.  





?????????????????  I don't think so.

Feb 19, 2006 9:28 am

What does "drop my Series 7" mean?  Once obtained a license does not lapse or have to be renewed unless you leave the industry.


It is the individual who is registered, not the various licenses.


If you hold a 7 and 63 you might as well take the Series 66 because it is thirty questions shorter than the Series 65.  What is left out is the Series 7 overlap.


Series 65 is for new reps in that it counts as a 63 and 66, or those who only hold a Series 6 because it covers some of the things in Series 7 that Series 6 does not cover, yet are considered important.

Feb 19, 2006 11:43 am

It was my understanding that if you are a RIA or work under an RIA as an IAR you don't need a series 7 but you do need a series 65.  If I were to decide (unlikely) to operate as an RIA I could do it with only a series 65.  In any case it is only 30 questions more...big deal.  I would rather answer 30 series 7 type questions than series 63 questions anyway.


http://www.securitiesexam.com/ria.html


Generally states require NASAA's Series 65 Uniform Investment Adviser exam.  Some states require the principal of the RIA to pass the exam with a score greater than 70%.


     An alternative to the Series 65 is the combination of the Series 7 and Series 66 exams.  The Series 66 is only good in conjunction with the Series 7;  most states will not sponsor a candidate for the Series 7.  The 7/66 combination is generally used by an employee of a brokerage firm who is also registering as an investment adviser.  Essentially, the Series 66 equals the combination of the Series 65 and Series 63 exams