63 compared to 65/66
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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?
Answer:
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 materialI 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.[quote=finale1]
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.