Series 66 TC - HUH?
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@mstudy is correct. Here is the breakdown of the Series 66 outline from the NASAA website:
Economic Factors and Business Information 5 (5%) Investment Vehicle Characteristics 15 (15%) Client Investment Recommendations and Strategies 30 (30%) Laws, Regulations, and Guidelines, including Prohibition onUnethical Business Practices 50 (50%)
Hope this helps!
Rosie
http://solomonexamprep.com
I just took and passed the Series 66 exam with a very strong score. Formerly, I used Kaplan and Passtheseven (Robert Walker) for the Series 7 with great success. I then decided after some online research to give Training Consultant’s Series 66 material a try - and it’s terrific. The online lectures are very informative and you will grow to love the instructors voice (check mark highlight!) - but it’s the practice exams and their full explanations that make the course worth every penny. I studied for approximately 5 weeks and passed. It does take a week to get the printed textbook shipped to you (the book is brief and gets right to the point) and it’s good to follow along in the book with the instructor. The website itself is great too and intuitive - Be sure you go back and check the practice exams and review the questions you answered incorrectly - you can even print them off and save them to a binder for later review. I definitely recommend the course and I wish I had known about training consultants for my Series 7. Thanks folks - I passed!!!
I passed the 66 two weeks ago with an 83%
I used STC for all of the reading and I took both Greenlights. I found the Greenlights were much harder than the real 66 since I got a 69% and 70% on them.
I used Kaplan Qbank to just take test after test after test. I chose the “Mock Exam” where it mixes up 100 test like questions and I felt it was spot on. My last Mock exam I got an 84%.
I would suggest reading STC if you have it 2-3 times and then just hammering out practice exams.
I have access to Kaplan still so if anyone is interested DM me and we can work something out. They have something like 2200 practice questions.
Ive been using Kaplan for about 2 weeks and just purchased TC the other day. I was getting in the area of 75-82 on Kaplan mock finals and I just finished my first round of TC finals with scores (70, 74, 81, 81, 82) and on the random got an 85. Just took the first final over again and got a 92%. I feel confident but at the same time im seeing a lot of repeat questions with TC and just want to know if this is normal and how it relates to the exam. Also if I pass Tuesday, ill give someone the TC I just bought for free because I figured its worth to pay the 100 bucks to pass this thing on the first try.
mc929, keep me posted on how you do on Tuesday. I have to take the 66 the following Monday and I am also using TC and feel like I’m in the same boat as you. Doing well on practice tests but seeing repeat questions.
yeah I guess im just going to keep going until I get 90+ on all the finals and then random finals and take some of the section tests. Ill deff keep you posted hopefully all goes well.
Erodg - I just got done with the exam and got a 77. The test is deff tricky. I saw about 8 to 10 questions that were just like the TC material. I had some calculations on the test and trying to figure out the future value of TIPS bonds, break even points of call options, know current ratio and debt ratio, the definition of present value and how its calculated in the formula. Coverdell/547 plans. difference between UGMA/UTMA, many of the problems about the USA and Investment advisors act are very straight forward just know what the question is asking you. example would be - It will describe a scenario and at first glace you will think it violates USA but at the end of the question it will specifically as you what under USA is in violation. Another question I got was know how to compute an index annuity with a 90% participation and a 15% cap over three years. It gave you 20%, -5%, 10% for the year end values and you have to figure out what the total return would be in three years.
Overall I read “Pass the 66” once, took Kaplan and TC tests over and over again until I was getting 80 on Kaplan and today before the test I took a random final on TC and got a 96%. After taking the test I would say the best way to prepare for this is to memorize definitions and know certain basic finance formulas. I studied hard by taking tests over and over again and reading what I got wrong according the question. The only issue with this is if you get a test questions that’s worded differently you have to trust yourself that you can distinguish between the two. Overall its a hard test and shouldn’t be looked over but if you study definitions and understand what the question is asking you will be completely fine. Nothing on the test is stuff you haven’t seen.
Thanks for the info mc929. Glad to hear you passed and I know you are even happier. I was pulling for you. I have been taking TC tests and scoring in the low 90’s on the randoms and for the standard finals I am getting anywhere from a low to mid 90. I keep retaking the chapter tests that are on the USA and the investment recs and strategies (chapters1 and 6). Those two chapters account for 60 % of the test. I am starting to get nervous though. I will make sure to brush up on options and try to find that stuff about the index annuity calculation. Thanks again for the help and congrats!!
Failed the 66 last week using Fire Solutions - I don’t reccomend it personally. After the reading I have been doing on here I will most likely be using TC.
From the people who have passed - would you reccomend I go back and reread the TC textbook as well or just purchase the question bank and review using that? Thanks.
Dup127. I just passed the 66 on Monday using TC and TC only. I scored 83% on the exam and I’m not the best test taker. My suggestion is to get the entire package if you have time. The book that comes with the material from training consultants is a great outline. It’s about 150 pages long and if you listen along with the teaching video, Tina will tell you all the highpoints to hightlight. It’s very helpful. Also, I cannot say enough on how helpful the instructors are if you need to call in and ask any questions about the material or practice tests. Training Consultants is the way to go for the 66. Like so many others on this site have stated. I wish I knew about TC for the 7. I passed on the first try and I’m so glad to be past it. Good luck to you and all the other 66ers out there!
Erodg: Thank you for the response, I will be purchasing the entire package today - I have about 3 actual weeks till my retake, do you think that will be enough time to get through the material considering I know a lot already?
Dup 127: Yes you should be fine. Just make sure to checkmark/highlight the ones that Tina tells you to. The main chapters from TC material are 1,4, and 6. Know those chapters really well and you should be ok. Besides that just take those practice test a lot. Get to making in the mid to high 80’s on the standard finals and mid 80’s to mid 90’s on the random finals. Another thing I would do is take a chapter 1,4, or chapter 6 practice exam everyday. 60 percent of the actual exam comes from just chapeter 1 and 6 in the TC material. So know those very well. Of course make sure that you are going over what you miss from the practice exams.
Also, about the actual exam. I know you have already taken it once but I will give you my insight after studying with TC. My first 36 questions were very easy on the exam I took. It wasn’t till question 37 that I was actually stumped and had to cancel out the ones that I knew were wrong and guess between the two that I thought could have been right. From there I would say 40 of them were probabaly more difficult. But I just read carefully and picked apart the question and Multiple choice answers to choose from. After the more difficult ones, the questions get much easier again. Others on this website have mentioned the format of their test being similar. Just know the material from TC very well and carefully read the questions on your actual exam and you will pass. It’s a great feeling when you hit that button and see that word “PASSED”. Good luck, study hard and you’ll be fine. If I can do it you can too!
Erodg: Thank you for the more in depth perspective, I just bought materials this morning and have started studying - much better than the other material I have used up to this point!
I feel confident that if I study hard with TC I will be fine, just a matter of putting some solid time and effort into it. Congrats on passing, I will log back on after I have taken again and log my results.
Took the 66 yesterday and easily passed. TC is absolutely the way to go. Their 5 practice tests seem almost too easy; however, questions on the exam were very similar and some were exactly the same. I wasted way too much time with the STC book. Just hammer out the TC tests with an understanding of the answers, and you should be fine.
Well guys, mark another win down for TC - I studied my butt off after not passing the first time using FireSolutions and decided to purchase TC on my own because of all the great things I heard about it from this forum.
I studied for three weeks (1/4-1/23) using TC and scored in the low to mid 80’s (83, 85, 82, 79, 85) on my first round of finals, I then went back and reread chapters 1 and 6 and took sets of 50 questions twice in chapter 1 and 6. Following this I took 2 Random Finals and scored 92 and 89 and then retook the finals I didn’t score above 85 on.
Following this I called TC and spoke with the people they had available to answer questions - every time I called they were available and gave me 30-40 minutes of phone time to ask any questions I had and were extremely quick and helpful in answering everything I had asked.
Yesterday I took my exam at 3pm - before it I was extremely nervous (my job was on the line) and I called to ask 2 last minute questions, to my surprise the owner of the company, who is also the founder (Tina) was actually the one who took my call. She was extremely nice, helped me figure things out and literally gave me a pep talk and calmed me down, she said “I predict you will score between 83 and 87 based on your questions and exam scores - you will be fine” and then gave me her email to follow up and let her know how I did. I SCORED AN 85. Talk about an accurate forecast! I must say that not only did the course content completely prepare me for the test but the customer service and availability of support was amazing.
10 out of 10 for TC - buy it if you want to pass this test.
Took the Series 66 today and passed with an 83%. I used Kaplan and Training Consultants. TC was by far the more useful material which they had just updated this week. I used only Kaplan for the series 7 and passed that on my first attempt also but i feel Kaplan had many overcomplicated questions which were not at all related to what the actual test had. Kaplan’s q bank is still a good source of examples but for the series 66 i would recommend TC over anything else. It took me a solid 2 weeks of study reading the material than doing the 5 tests. The test itself was unreal close to the training consultant based questions. Just make sure you have a good understanding on all of the material and that you are hitting good scores on tests (in my opinion 85-90 and above). Make sure you know how to do calculations as well. I had around 5-6 questions calculating total values or something such a Equity Indexed Annuities with Caps on them and finding values. Anyhow TC definitely prepared me for passing this exam.
Passed the 66 yesterday with an 81% on my first attempt. Used a combination of TC and STC. Looking to sell my TC exam pack. As of today, there are still 70 days left on it. PM me if interested.
Just passed the 66 today, using primarily Training Consultants and had to complete Fire Sol for my firm. I will tell you TC is the way to go, clear and simple.
Passed the 66 yesterday using the TC material. TC is the way to go for the 7 and 66. @mstudy