SERIES 65 EXAM FINRA
1. Investment Advisory Representative (IAR)
1. Upon passing the series 65 the agent may represent an registered investment adviser
(RIA) and receive fee based compensation. The fee based compensation may be based on a
percentage of the assets under management or as an hourly or flat fee for providing a
personalized financial plan. There are no prerequisites for taking the series 65 exam and the
candidate does not need to be sponsored by a FINRA member firm to take the test.
2. The series 66 is the uniform combined state law exam and qualifies a candidate to
represent both an investment adviser and a broker dealer. After passing the series 66 an
agent may receive both fee based compensation for representing an investment adviser and
transition based compensation for executing customer orders. The series 66 is a combination
of the series 63 exam and the series 65 exam. Candidates do not have to be sponsored by a
FINRA member firm to take the series 66 exam. However, the series 7 exam is the co
requisite for the series 66 exam and a candidate who has passed the series 66 exam may not
conduct any business until they have passed the series 7 exam. All candidates must be
sponsored to take the series 7 exam. If you have passed the series 7 exam and have not
taken the series 63 exam, the series 66 may be the right exam to take. Keep in mind that
while the series 66 has fewer questions than the series 65. If you have not passed the series
7 or will not be taking the series 7 exam you must take the series 65 exam.
the financial effect of making student loan payments for 20 years after graduating from
college can be easily seen
the financial effect of making student loan payments for 20 years after graduating from
college can be easily seen.
For example, a college graduate who owes $60,000 in student loans at 3% interest will have
to pay $332.76 per month for 20 years to get that paid off. If that amount was instead
diverted into a Roth IRA that grows at 6% for that same time period (with no further
contributions after 20 years), then the student would have almost $600,000 of tax-free
money by age 65. No poll or study is necessary to see the enormous impact that student
loan debt can have on a borrower's retirement preparedness. (For more, see: Student Loans:
What to Do When You Can't Repay Them.)
1. Investment Advisory Representative (IAR)
1. Upon passing the series 65 the agent may represent an registered investment adviser
(RIA) and receive fee based compensation. The fee based compensation may be based on a
percentage of the assets under management or as an hourly or flat fee for providing a
personalized financial plan. There are no prerequisites for taking the series 65 exam and the
candidate does not need to be sponsored by a FINRA member firm to take the test.
2. The series 66 is the uniform combined state law exam and qualifies a candidate to
represent both an investment adviser and a broker dealer. After passing the series 66 an
agent may receive both fee based compensation for representing an investment adviser and
transition based compensation for executing customer orders. The series 66 is a combination
of the series 63 exam and the series 65 exam. Candidates do not have to be sponsored by a
FINRA member firm to take the series 66 exam. However, the series 7 exam is the co
requisite for the series 66 exam and a candidate who has passed the series 66 exam may not
conduct any business until they have passed the series 7 exam. All candidates must be
sponsored to take the series 7 exam. If you have passed the series 7 exam and have not
taken the series 63 exam, the series 66 may be the right exam to take. Keep in mind that
while the series 66 has fewer questions than the series 65. If you have not passed the series
7 or will not be taking the series 7 exam you must take the series 65 exam.
the financial effect of making student loan payments for 20 years after graduating from
college can be easily seen
the financial effect of making student loan payments for 20 years after graduating from
college can be easily seen.
For example, a college graduate who owes $60,000 in student loans at 3% interest will have
to pay $332.76 per month for 20 years to get that paid off. If that amount was instead
diverted into a Roth IRA that grows at 6% for that same time period (with no further
contributions after 20 years), then the student would have almost $600,000 of tax-free
money by age 65. No poll or study is necessary to see the enormous impact that student
loan debt can have on a borrower's retirement preparedness. (For more, see: Student Loans:
What to Do When You Can't Repay Them.)
