S65 or S66
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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
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.
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.
[quote=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. [/quote]
How is this. The 66 is a combo 65/63. Is this opinion...or is there a verifiable resource to verify your statement.
[quote=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. [/quote]
??? I don’t think so.
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.
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