Series 65 Tutor
Issues to consider when seeking the services of a Series 65 Tutor:
3. Google them and investigate (if they give you enough information to look them up). The investment business has its share of people with less than admirable backgrounds
4. Avoid any Series 65 Tutor who implies you are guaranteed to pass an exam. This sounds very tempting but you should be very skeptical about anyone who uses language like this. Not everyone will pass an exam
Passing the Series 65 Exam can be challenging for some people. Most people we work with who take the 65 exam have very little investment experience. Many of these test takers have insurance experience but not much exposure to investments. Compounding the challenge is people who take the Series 65 Exam are often not required to take any other investment exam such as the Series 7 Exam. It is not unusual for us to start working with people after they have been unsuccessful on multiple exams.
Most students know that there is a registration exemption for certain investment advisers and their reps. STATE investment advisers/reps with no office in a state and who have 5 or fewer clients in that state are generally exempt from registration in that state. This diminimus exemption does not apply to broker dealers. Although, some states have enacted diminimus exemptions for broker dealers. With that said, this exemption for broker dealers is NOT in the Uniform Securities ACT or related model rules. Broker dealers have to register in a state if they meet the definition of broker dealer, even if you they only deal with one client.
The Series 65 exam is a difficult exam that qualifies an individual to be an investment adviser representative. It can be challenging for someone without investment experience or an academic background in finance to be successful on this test. It is not unusual for someone to seek our help after failing the series 65 exam multiple times. In order to be successful on the exam, you need to have an advanced understanding of investments and portfolio management. This is where a Series 65 Tutor with academic as well as hands on experience can help you. The owner of this company worked as an investment analyst and managed portfolios for companies like Merrill Lynch Investment Managers and Wachovia Bank (Now Wells Fargo)
Many students are unsure as to which exam to sit for; the Series 65 or Series 66. Conventional wisdom suggests that the level of difficulty is the same for the Series 65 and Series 66. While it is true that the questions might be of comparable difficulty, the passing scores are not the same. You need a 75% to pass the Series 66 while you need a 72% to pass the Series 65. Three points does not seem like a lot but that margin could be the difference between passing and failing the Series 66. It is not unusual to score in the the low to mid 70's on the Series 66. These are challenging exams and as a result, very few people, score in the 90s on these exams! You might also want to consider your strengths and weaknesses in terms of the content. On the Series 66, there is greater emphasis on the laws and regulations compared to the Series 65. The Series 65 has a greater emphasis on investment topics. Lastly, you should consider getting a Series 66 or Series 65 Tutor.