SERIES 66... Seriously?
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Ok, I just passed Series 66. It was no easy feat. My firm offered us STC books and study materials. I didnt use the STC. I read the forums and I decided to buy and use TC. The good and bad with TC is this…TC makes it pretty easy to understand the material. I studied for 10 weeks every night grinding out the chapters. Very tough boring material. I spent day after day after day listening to the online lessons. I always did well on the practice tests making 85 to 94 on them all. I did also take all of the STC practice tests as well and made 75 to 88 on those.
Last night before my test I took an STC test (scored 87) and a TC test (scored 94). Well I just finished the test about 4 hours ago. There were a lot of questions that were not covered deeply in either course. A lot of Discounted Cash Value questions and some other Finra questions that I’ve never seen.
But I made an 80 on my test. I’m happy!!! Yes there were questions that I have seen before from TC.
So what is my recommendation? I’m not sure. I spent 95% of my study time with TC and 5% with test from STC. I dont know about Kaplan so I cant compare that course. Look I’m happy I passed and obviously TC prepared me enough to pass. I wanted to make 100% (as a challenge to myself) I dont think TC would give you enough to make that, but I’ll more than settle for an 80 and be done with it!
Hello all, I also just took Series 66 and passed with 80%.
I realized many of these comments are old so I promised myself, either pass or not, I will write a comment after first try.
Luckily, I passed and I am so greatful that I am done with it.
I passed my Series 7 last month.
TC was the only one that 90% of these comments recommended so I went with TC just like others. My firm gave me STC, I only used it as a supplement. Because I passed about an hour ago, some of the questions are still in my mind. I wasn’t shocked at how questions were formulated but it was interesting how they play with examples. Many questions layouts are similar with TC. Out of 110 questions I saw, 2 questions I realized I had no IDEA. 40 Questions were like half half and rest was for sure correct. They will throw you about 3 - 4 questions about DIscounted Cash flow + NPV. I didnt know they can worded so differently for these questions. I dunno if I got them right or not but thats what i saw. I studied for 3 weeks. first week , not really at all… 2nd week about 2-3 hours each and final week, 6ish hours a day. TC Program tells me that i was online for 57 hours(Study time).
Because I knew some materials from Series 7, I didnt bother watching videos about investment vehicles.
My final test scores were 74, 75, 76, 75, 86, and random 84.
STC Greenlight exam first one, I got 57%. I was like what? this is BS. I totally ignored them.
However, it is very good idea to go over what NASAA has supplemented after 7/1/16. Because they did ask me about 4 questions which were directed linked to supplement materials.
I Hope my reviews helps some of you who are also studying this !
send me PM if you have any questions also !.
Thx for reading too =)
Darren wrote:
Hello all, I also just took Series 66 and passed with 80%.
I realized many of these comments are old so I promised myself, either pass or not, I will write a comment after first try.
Luckily, I passed and I am so greatful that I am done with it.
I passed my Series 7 last month.
TC was the only one that 90% of these comments recommended so I went with TC just like others. My firm gave me STC, I only used it as a supplement. Because I passed about an hour ago, some of the questions are still in my mind. I wasn't shocked at how questions were formulated but it was interesting how they play with examples. Many questions layouts are similar with TC. Out of 110 questions I saw, 2 questions I realized I had no IDEA. 40 Questions were like half half and rest was for sure correct. They will throw you about 3 - 4 questions about DIscounted Cash flow + NPV. I didnt know they can worded so differently for these questions. I dunno if I got them right or not but thats what i saw. I studied for 3 weeks. first week , not really at all.. 2nd week about 2-3 hours each and final week, 6ish hours a day. TC Program tells me that i was online for 57 hours(Study time).
Because I knew some materials from Series 7, I didnt bother watching videos about investment vehicles.
My final test scores were 74, 75, 76, 75, 86, and random 84.
STC Greenlight exam first one, I got 57%. I was like what? this is BS. I totally ignored them.
However, it is very good idea to go over what NASAA has supplemented after 7/1/16. Because they did ask me about 4 questions which were directed linked to supplement materials.
I Hope my reviews helps some of you who are also studying this !
send me PM if you have any questions also !.
Thx for reading too =)
@darren, not sure if this post will get to you but can you send me a PM? I'm in need of some advice.
I want to share my experience with the Advisor exams Series 65 and Series 66. First let me say I have the Series 7 and Series 63. My job was okay with my obtaining either the 65 or the 66 for the advisor position. I began studing for the 65 about a year ago. I started using Kaplan because that's what I used successfully for the 63. Using Kaplan for the 65 went very well with my test scores in the high 80's, low 90's. When I scheduled the exam I was shocked and dismayed to see my big fat FAIL/66. I changed gears and started using PassPerfect with scores in the high 70's low 80's and again was feeling confident. The second exam I scored a 71. This only made me more dermined than ever to pass the 65. So I really dug in and studied much more and harder than I ever did for the 7. The third exam was a 67%. I was at that point in hold for 6 months and feeling bewildered. Keep reviewing the materials but my test scores didn't really change much, so needless to say I felt like I was spinning my wheels. Then I decieded to switch to the Series 66. I actually started practice exams on Investopedia.com (which is free). They really dumbed down the answer choices and kind of made it obvious which was the right answer, which works okay with me because it helps me remember. I also read this blog about how TC was very easy to understand and follow. So I ordered the test bank 90 day subscription for $99. What I liked/loved about it is when you take the actual tests you can retake it as many times as you want with the same questions. This helped me to remember where I went wrong the previous times and why. There were 5 standard tests and I took each one until 5 times until I felt like I knew the material like the back of my hand. I moved on to the random tests and was able to score well on those too. So I took the exam today and it is true what others have said about the wording and questions on the TC material being very close to the exam. I saw a lot of questions on the exam that were just like the TC material. I passed this one with an 83% and this was my first attempt. The 65 has a lot and I mean a lot of questions about NPV and discounted cash flow. Make sure you absolutly know those concepts. Didn't see options or yields. I hope this helps anyone that's looking for some direction on what study materials to use.
Just Passed the Series 66 today with an 88.... Used TC training material and questions and Kaplan Q-Bank! In my opinion, Kaplan Q-bank > TC Questions.
Nonetheless, I am selling both resources! Let me know if interested, they don't expire until September!
JonnieM wrote:
Just Passed the Series 66 today with an 88.... Used TC training material and questions and Kaplan Q-Bank! In my opinion, Kaplan Q-bank > TC Questions.
Nonetheless, I am selling both resources! Let me know if interested, they don't expire until September!
YES, please email me [email protected]
streetjournal wrote:
selling Training Consultants Series 66 online questions. Passed with 85
YES! Please email me at [email protected] asap please
My experience passing the 7 & 66 in 3 Months.
I read this thread going into the gauntlet and figured I would provide my experience for what it is worth. I too had many coworkers dying to tell me how difficult this test was, how many people had failed and subsequently had gotten fired from my firm (insert large bank wealth management division). You get two tries at each exam or your are out, and if you fail once you may as well quit because management will start trying to fire you and your peers will write you off. So the stakes are high!
Firm resource provided: Kaplan
I took 52 days from the date of hire to sit for the 7: Result 85%
From there I took another 34 days before sitting for the 66: Result 74%
Similar to Kes, I felt confident that I had passed up most of the exam but started to run into trouble halfway through when it gets tough. My general rule of thumb on these exams is to
1. mark questions you are unsure about
2. know your margin of error from your practice exams
for example, if you take a 100 question practice test, and you mark 30 because you are unsure of the answer, and subsequently score and 85%, you know 50% of your uncertainty is unfounded. over enough practice exams you will see a pattern if you are consistent with marking.
3a. If you mark a number that will allow you to pass within your margin of error, pray and hit submit. DO NOT CHANGE ANY ANSWERS
3b. If you are not within your margin of error, you may not have studied enough and it is at your discretion to review and change answers as you see fit. I would encourage to only change things where you didn't carefully read at catch an "if" "not" or "except". Odds are you didn't get any smarter during the test unless another question has enlightened you or provided a clue to another answer.
I could care less about the scores but I will say that I expected to do better on the 66. My advice would be score consistently above 80 or 85% on practice test before you sit for the exam, you will assuredly score lower.
Bottom Line: You best chance of success is consitency in your ability to exhibit that you have mastered the material. To that end, be consistent with your study habits and game plan and execute on the plan. There are big consequences to whether or not you pass these on your first try. It will absuletly make a difference in how you are treaded among new hire peers. At my firm there are people that have been with the company for almost 8 months and have not finished testing, they are being managed out. Study hard and pass like a rockstar! good luck :)