[quote=TheLostSoul]

Here is the one for kaplan

http://www.kaplanfinancial.com/kfs/Securities-Licensing/secl ic_product_list.asp?Family_id=82&Family_name=Series+66&a mp;a mp;Super_family_name=Registered+Representatives&Rep_fami ly_id=82&Princ_family_id=

[/quote]

Thanks for the link. Have you had good experience with Kaplan study guides? I was considering buying both Dearborn & Pass Perfect. I'm sick of studying and not getting the score on the real exam! It's so frustrating & discouraging.

Don’t get too discouraged.  You’ll eventually pass and nobody will ever ask or care about your score and your score won’t have any effect on your career.

[quote=anonymous]Don't get too discouraged.  You'll eventually pass and nobody will ever ask or care about your score and your score won't have any effect on your career.[/quote]

That is a common misconception---scores do matter if you have ambition beyond spending your entire life opening accounts only to watch them get ACATed somewhere else after a few years.

Additionally your scores make an impression on your local manager---it is never good to give the impression you're not very bright.

If you hired me and I failed my qualification exams do you think you would not form an impression of my intelligence?

In a wirehouse environment, several times a week the manager will take a call from a local citizen who is wanting to make an appointment to come in for financial advice.  If you were running the branch where I work, and I couldn't pass my exams without multiple attempts, are you going to recommend that that client deal with me?

Additionally, suppose I wanted to move to another firm.  Perhaps to accept a large package.

The manager who is planning to hire me asks his HR people to run my CRD file to determine if I have a clean compliance record as well as verify my history--and on that report are the scores I got on various exams.

If he or she sees that I failed qualification exams do you think they will have as favorable an impression of me?

NASD, I can't think of a characteristic less important than an exam score on a pass/fail exam.

[quote=anonymous]

NASD, I can't think of a characteristic less important than an exam score on a pass/fail exam.

[/quote]

Well, you're entitled to be wrong.

What do you mean by "Pass/fail?"  Are you suggesting that there are not numeric scores on the exams?

I'm suggesting that the numeric score doesn't effect your livelihood. 

Please list the firms that require a specific score rather than a passing score.

[quote=anonymous]

I'm suggesting that the numeric score doesn't effect your livelihood. 

Please list the firms that require a specific score rather than a passing score.

[/quote]

At most top tier firms you will never be considered for a management position if you failed any exam.  I realize that management doesn't appeal to those who are not bright enough to understand what it means to do entry level work for your entire life--but there are smart people who do.

In the past I discussed the danger of appearing in an arbitration hearing and being asked about test scores.  Arbitration panels do not look upon somebody who took multiple attempts to pass their exams as they do on those who passed on their first attempt with a high score.

I understand that clients will probably never ask--but if you encounter anything other than a client it is going to matter.

But I have standards, and I understand that having standards is no longer important in the United States.

[quote=NASD Newbie] [quote=anonymous]

I’m suggesting that the numeric score doesn’t effect your livelihood.

Please list the firms that require a specific score rather than a passing score.

[/quote]

At most top tier firms you will never be considered for a management position if you failed any exam. I realize that management doesn’t appeal to those who are not bright enough to understand what it means to do entry level work for your entire life–but there are smart people who do.

In the past I discussed the danger of appearing in an arbitration hearing and being asked about test scores. Arbitration panels do not look upon somebody who took multiple attempts to pass their exams as they do on those who passed on their first attempt with a high score.

I understand that clients will probably never ask–but if you encounter anything other than a client it is going to matter.

But I have standards, and I understand that having standards is no longer important in the United States.

NASD, please name one firm that won't allow someone into management because they took more than one try on a qualifying exam.   Make sure not to mention Merrill Lynch or UBS because I have a client at ML who is in management who failed his 7 and a friend at UBS who failed his 66.  They both passed on their 2nd attempts.  The ML guy was a pretty big producer.  My friend at UBS was average.

I see, however, that you seem to now be talking more about failing the exam once instead of the actual score.  From your last post, it seems that the only thing that a low passing score means is that an arbitration panel might not look as favorably on you.   "Gee, you've had no complaints for the last 10 years other than this one.  You've achieved your CLU, ChFC, CFP, and CPA.  You teach a financial planning class at the local community college.  You've been honored by the Governor for your work in protecting orphaned children from the dangers of the New York City rainforest, but 10 years ago you only scored 70 on your Series 7 exam, so this is really going to hurt you." 

I could understand how having to take an exam multiple times could be seen as a negative, but I'm not buying that someone's passing score on a P/F exam has relevance.

[quote=bankrep1]
NASD,

A FA position is a career just like management. I question your intelligence when you say it is an entry level position.

[/quote]

Nope, any job that never requires you to assume more responsibility is an entry level job.

A thirty year veteran's day is essentially the same as a thirty month veteran's--gather assets, hold hands with clients, hope somebody else doesn't tell them you don't know what you're doing.

As I've said till I'm blue in the face, the idea of being able to build a lifetime career by simply gathering assets is too new a concept to measure.  In ten, fifteen, twenty years will your clients get smart and realize that they're giving up part of their yield to you, yet you're doing nothing?

I think they will--but time will tell.

[quote=anonymous]

I could understand how having to take an exam multiple times could be seen as a negative, but I'm not buying that someone's passing score on a P/F exam has relevance.

[/quote]

As I said, you're entitled to be wrong.

A branch manager is going to look at a kid who barely scraped by the Series 7 as either lazy or stupid--which of those is a positive?

[quote=NASD Newbie]

[quote=bankrep1]NASD, A FA position is a career just like management. I question your intelligence when you say it is an entry level position. [/quote]

Nope, any job that never requires you to assume more responsibility is an entry level job.

A thirty year veteran’s day is essentially the same as a thirty month veteran’s–gather assets, hold hands with clients, hope somebody else doesn’t tell them you don’t know what you’re doing.

As I’ve said till I’m blue in the face, the idea of being able to build a lifetime career by simply gathering assets is too new a concept to measure. In ten, fifteen, twenty years will your clients get smart and realize that they’re giving up part of their yield to you, yet you’re doing nothing?

I think they will–but time will tell.

Also if your charging a client AUM fee and doing nothing, I think that speaks for itself in any business.

[quote=NASD Newbie]

[quote=anonymous]Don't get too discouraged.  You'll eventually pass and nobody will ever ask or care about your score and your score won't have any effect on your career.[/quote]

That is a common misconception---scores do matter if you have ambition beyond spending your entire life opening accounts only to watch them get ACATed somewhere else after a few years.

Additionally your scores make an impression on your local manager---it is never good to give the impression you're not very bright.

If you hired me and I failed my qualification exams do you think you would not form an impression of my intelligence?

In a wirehouse environment, several times a week the manager will take a call from a local citizen who is wanting to make an appointment to come in for financial advice.  If you were running the branch where I work, and I couldn't pass my exams without multiple attempts, are you going to recommend that that client deal with me?

[/quote]

what the living **** are you BS'ing about? You have absolutely no clue what you are saying. I failed the 7 my first time around with a 56, passed it the second time, and was agresively recruited by the one of the top elite producing branches at A.G. Edwards. No where in the two month interviewing process did they ever bring up my score of 56.

Are you a 2.2MM producing manager at A.G Edwards? Because if you're not then you should start polluting these forums with your crap opinion and misleading "facts".

[quote=NASD Newbie][quote=anonymous]

I could understand how having to take an exam multiple times could be seen as a negative, but I'm not buying that someone's passing score on a P/F exam has relevance.

[/quote]

As I said, you're entitled to be wrong.

A branch manager is going to look at a kid who barely scraped by the Series 7 as either lazy or stupid--which of those is a positive?

[/quote]

Again, this is a testament to your ignorance old man. You ignoring the circumstances and seeing things as black and white. Your vision, like your stint as a FA, went only as far as you could see.

When this producing manager knew I was sitting in the office trying to recruit his people 7 in the evening and pulled myself through to pass the 7 after faling on my own time with no training, he knew there was something there.

If there were anything to you, I promise you you'd be spending more time doing something productive than insulting your intelligence on these boards. Don't you have a wife or any kids or anything? You might want to go check up on them.

wow go grammer

The word is grammar–and your boss is not impressed with you even though you may think he is.  Bosses look at people who get 56 on Series 7 as being mildly retarded.

The word is jealous

They may look at you as mildly retarded, but they’ll take a retarded guy who has proven to be a producer over the brainiac who got a 95 and can’t produce squat.  The great thing about this business is that we’re paid based upon production and not based upon some manager’s personal feelings.