The Series 65 Exam is a qualification exam administered year round by the Financial Industry Regulatory Authority or FINRA. Successful completion of this exam certifies the candidate in question to work as an Investment Advisor in specific states. The purpose is to test candidates on knowledge important to investment planning and certify that they are familiar with the information they will need to be successful in this field. This exam is offered year round and can be taken throughout the US.
The Series 65 exam lasts for 3 hours and consists of 140 multiple-choice and essay questions. The Series 65 is designed to test participants in the areas of fiduciary obligations, portfolio management strategies and retirement planning along with other relevant topics. To be successful a candidate must receive a score of 72% or better.
Applying "Series 65 Exam" to Securities Exams:
Candidates taking the Series 65 Exam should realize that 10 out of the 140 questions they will answer do not count towards their final score. These are "pre-test" questions and will not be held against them in any way.
Also, while this test is offered year round, it cannot be taken on Sundays. This is something to consider when choosing your testing date and locations.