Series 63
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Respectfully Iceco1d, that’s not quite correct. The 66 does not supersede the 65…they’re simply for two different purposes. The 66, as I understand it, is useless without an accompanying Series 7, while the 65 along with a 63 can stand alone without a 7 for someone doing business as an RIA for example.
When I first got into the business, I took my 6 and 63. If I recall correctly, I took them at the same time. If my memory is hazy, maybe I took them one day a part. Anyway, at least when I took it, the 63 was nothing. I spent maybe 5 hours studying for the 63. (I'm not one of those genius test takers.) If one has just taken their 6 or 7, there really isn't anything that was on the 63 that was more than just common sense.
thanks for the info - wasn’t aware of that.
I do know this... for those who are not great at standardized tests, the 66 is not so much of a walk in the park. The questions are very questionnable. :)Glad I never have to take that again.
Sorry to bring up an old thread but I need help. I currently hold the series 7 and 63 license. I have no plans of setting up my own RIA. That being said, am I best served taking the 66 with the sole advantage of being 30 less questions that the 65. My sole objective is to be able to charge a % on AUM.
There is absolutely, positively no reason for you to even think about taking the 65.
You've "qualified" to take the 66, so get after it.I passed the Series 6 in about 3 weeks. The 63 took a little over a week if you go at it for a few hours every day, the book is a lot shorter. I'm not a genius, although I did recently graduate from a pretty decent university which puts me in the "studying" mode. If you went to ANY university, you should be fine. At work, the people who've never went to college struggled with these exams the most.I have another question. How much time is needed to study for the Series 63??? Being a person who just passed their series 7?
Respectfully Iceco1d, that’s not quite correct. The 66 does not supersede the 65…they’re simply for two different purposes. The 66, as I understand it, is useless without an accompanying Series 7, while the 65 along with a 63 can stand alone without a 7 for someone doing business as an RIA for example.
How can a Series 65 and a 63 do that? A Series 65 is all that is needed to do business as a RIA (that's how I started my own RIA firm). How can a 63 help at all? It is true that an RIA firm can sponsor a rep, or an individual can self-sponsor, to take the Series 63 (or the Series 3, ). I did just that (it took 3 days of study and practice tests for the 63) as a recent research process to better understand the brokerage side of the business (it only cost $82 to sit for the test since I borrowed prep material from a friend). Can anything be done with the 63 that doesn't also require a 7 and/or sponsorship/employment with a B/D? I was under the assumption that it couldn't. <?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />