Series 65 Tutoring Questions

Sample Series 65 Questions

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Which of the following would be required to register as an investment adviser in State A

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A. A Series 65 Tutor with a tutoring office in State A

B. ABC advisers which has an office in State A but has fewer than five retail customers from State A

C. An investment adviser representative with an office in State A who has 8 retail investors in State A

D. A company with an office in state A, with 15 customers in State A and who only provides advice about fixed annuities  

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Which of the following would least likely be associated with an investor’s ability to take risk?

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A. Time horizon

B. Expected Income

C. Resources relative to financial goals

D. An investors comfort level with losing money

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The Federal Reserve has been implementing expansionary monetary policy for the past several years, and as a result, the money supply has increased while interest rates have fallen substantially. The Fed’s actions have led to substantial economic growth. During this period of expansion, the yield spread between corporate bonds and US Treasuries would most likely have

A) Narrowed

B) Widened

C) Remained unchanged

D) Widened and then narrowed

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Individual investors can employ various strategies to lighten  or defer tax burdens. Which of the following investments/structures would least likely be used by an individual in a high tax bracket to reduce or defer taxes?

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A. ETFs

B. Municipal bonds in your home state

C. Establishing an irrevocable trust

D. Investing in an industrial development revenue bonds

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Joe Miller, portfolio manager with Diversified Partners Inc., has a meeting with a potential client, David Struthers. David is the 15% tax bracket, has a modest net worth, has about 20,000 to invest with Joe and has a moderate risk tolerance. David indicates he has a strong preference for actively managed mutual funds as investment vehicles. Which of the following would represent the most appropriate recommendation?

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A. A hedge fund containing both equity and fixed income exposure.

B. An equity income mutual fund

C. An ETF containing both fixed income securities as well as equities.

D. A balanced mutual Fund containing stocks and taxable fixed income securities 

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