Series 65 Tutor
As a Series 65 Tutor, I work with people from a variety of backgrounds. The common goal for all of my series 65 tutoring students is to pass the Series 65 Exam in order to get paid fees for investment advice. Many of my series 65 tutoring students work in the insurance industry and are leaving a lot of money on the table by not taking and passing the Series 65 Exam. Some of them want to work with a Series 65 Tutor as a way to hold them accountable. Series 65 Tutors can help motivate students to study! If you want to work with a Series 65 Tutor who can help get you on the right track, send us a note.
Issues to consider when searching for a Series 65 Tutor:
2. If the tutor has taken the series 65 exam, what was he or her score? Some tutors will not tell you what they scored on the Series 65 exam or other exams
3. Check into the background of the Series 65 Tutor, both professionally and academically. If you can not verify their experience, you should be skeptical. Also, look for Series 65 Tutors who have completed the CFP program or who are CFA charterholders
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
5. Also, avoid any Series 65 Tutor who says he or she knows exactly what will be on the 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)