I need to get advice as to the best study material for the Series 7. I am looking at purchasing the material very soon to start studying. I do not take standardized tests well. Any advice is greatly appreciated. Thank you Vinny
Kaplan Financial they will purchase for me. I was just trying to see if that material was good??
I used the Pass Perfect books for the 7… they give you a cd with some really similar test questions but it really depends on your study habits though because they don’t give you helpful tips or mnemonic devices that will help you remember things when you’re in the fifth hour and your brain is fried. I could give you some of these if you want them, via email. I got a 93 on it when I took it a month ago, so they worked for me.
My email address is [email protected]choviasec.com
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All of versions under discussion will do the trick. I’d recommend two things in addition:
-Robert Walker’s “pass the 7” CD set at www.passthe7.com. This is definitely NOT enough to pass alone but it’s 6+ hours worth of audio which I’d say boosted my score 3-5 points and more importantly allowed me to “take a break” from the more dry study materials while still keeping in the game and not skipping days. The audio CD is good for the conceptual stuff (regulations, for example) but not so hot on the quantifiable aspects. It’ll set you back around $50 but don’t be penny wise/pound foolish with the test. Use the CDs as a good change of pace and try to get a “bump” in your score through osmosis learning as oposed to the more active reading.
-Investopedia (www.investopedia.com) has a decent practice quiz online that you can customize if you’re test doesn’t come with a good CD tester. You should be at 85 before scheduling your exam.
Whatever you do, fosuc on options and munis. They have to be down cold before even thinking about scheduling a date. If your CD allows you to segment topics make sure to nail those.
Good luck. Also, any comments on the training program at Wachovia?
They give us Kaplan Financial. which recently they merged with Bysis and Dearborn. It is good in terms of reading and getting a grasp on things I am just looking to get me over the edge.
[quote=vinzenzo]They give us Kaplan Financial. which recently they merged with Bysis and Dearborn. It is good in terms of reading and getting a grasp on things I am just looking to get me over the edge. [/quote]
In general, what’s the training program like at Wachovia? Or do you do that after you pass the 7? How is the atmosphere for trainees? Do you have a mentor or team?
Well, I am not sure if I am the best person to answer these questions. I am in an area that is not required to have your license, but they will sponsor you for it. there is no training and there will be no mentor. I am not in an area where I would be a Financial advisor in training or a Sales Assistant for brokers. Once I get my l;icenses I can venture out in those area if I want.
I hope this helps.
I just took the S7 today and passed with a 78%. Nothing to brag about but from what I hear from the other post, your score is not correlated to your success in this business. The night before I took the exam, I found some useful information on www.finra.com. I wasn't able to use it, however it may help someone else.
For anyone wanting to pass this exam, you won't get by just memorizing charts and diagrams. You need to understand the material.
All I can say is: Read the book, practice the exam questions, then read the book again. All while memorizing the details.
Shoot me a PM if you have any questions.