Series 7 Exam Prep Products

Preparing for the Series 7 exam is a significant undertaking, one that requires dedication, planning and forethought right from the very beginning. Here at the Securities Institute we know this, and we have dedicated ourselves to providing you with the highest quality exam prep materials on the market today. The goal is simple. Pass the exam and move forward with your career. And that is exactly what we want to help you achieve. Our materials set the standard for the industry and we proudly claim to maintain the highest pass rates of any exam prep program on the market today. These cutting edge materials have been developed in partnership with John Wiley & sons, the largest publisher of financial information in the world. The materials are high quality. They are effective. And they will walk you through the study process step by step until you are ready to pass your exam with flying colors. Ever hear of Wiley Exam Prep Products? It’s likely you have! We are the authors of those products and are thrilled to offer them to our students right from the our experts. So if you have questions, click on the support link to chat with a rep or call our office during business hours and we will answer any questions you may have. Remember, our goal is for you to succeed and we are here to help you do just that. Ensure you are ready to pass your Series 7 exam with our best in class Series 7 exam training materials. Our series 7 GreenLight exam is the perfect way to top off your series 7 exam preparation. Our Series 7 materials now come with our Series 7 money back GreenLight Guarantee ™ – pass our GreenLight exam within 5 days of your actual exam, and if you do not pass, we will refund your money.

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We partnered with Wiley to publish the most effective exam prep products, setting industry leading pass rates!

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Pass one of our Greenlight guaranteed practice exams & we guarantee you’ll pass the Series 7 exam – or your money back!*

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work with a Series 7 exam tutor to increase your score by an average of 10 points

Arm yourself with the best series 7 study materials. Purchase all the Series 7 products in one package and save big. If you are serious about passing the Series 7 exam, then this package is for you. It includes ALL of the following exam preparation products:

  • Textbook
  • Practice Exam Software
  • Online Video Class
  • Ebook
  • Free Shipping
  • Updated June 2019
Series 7 Complete Self Study Solution play button

Purchase both the Textbook and Exam Prep software - all in one package. This is one of our more popular deals and includes:

  • Textbook
  • Practice Exam Software
  • Free Shipping
  • Updated June 2019
Series 7 Textbook & Exam Prep Software

Series 7 License Exam Prep Products

  • Over 2000 questions
  • Works with all major browsers and mobile devices
  • Updated June 2019

Get unlimited access to our exam prep software 24 X 7 for 6 months. Take practice tests anytime, anywhere using any PC, Mac, Phone or Tablet. Create your own randomized quizzes - YOU select the topics, number of questions, how and when answers are revealed to you. Randomized finals let you know when you are ready to take the test. The Series 7 exam prep software is a must have product to ensure you have mastered the knowledge and are ready to pass your Series 7 exam. Series 7 GreenLight Guarantee ™ - pass our GreenLight exam within 5 days of your actual exam, and if you do not pass, we will refund your money. ™ More Info

Series 7 Exam Prep Software
  • 24 x 7 access for 6 months
  • Fully interactive.

Our all new series 7 video class is hands down the best series 7 online class in the market today. Shot in state of the art high definition with key concepts, tables and formulas displayed to highlight test points for easy note taking. This video class walks you through all of the topics you need to know to pass your exam. Our videos follow our books chapter by chapter and topic by topic. This video class details all of the concepts being tested and will let you know exactly how they are being tested on the exam. Our series 7 video brings all of the material to life and explains the concepts using real world examples that students can easily understand. Our series 7 video class is the perfect companion to our textbooks and a great supplement to any study program to help you master the material for your exam. Our series 7 video features include: 1) 20 hours of HD video broken into 19 sections 2) Over 3 hours on options, almost 2 hours on Municipal securities 3) Our videos are accessible on all devices ( all computers, phones and tablets) 4) Our series 7 video class contains new test tips and details exactly what topics are being tested and how they are being tested 5) Our series 7 video course follows our books chapter by chapter and topic by topic 6) 21 Chapter Tests 7) Unlimited access 24X7 for 6 months

Series 7 Online Video Class play button

Only

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Get Videos and Exam Prep Software:

149.00

  • Paperback
  • 624 pages
  • 542 test questions
  • Published January 2019

The "go to guide" to acing the Series 7 exam - Our Series 7 textbook provides you with the knowledge you need and is designed to get you ready to pass the Series 7 exam. The Wiley Series 7 textbook is packed with test tips, Series 7 sample questions and all the must know information you need to pass your exam. Our Series 7 textbook has been developed in partnership with John Wiley & Sons to ensure you have the absolute best

Series 7 Exam Textbook

Only

144.95

  • Series 7 Sample ChapterPDF
  • Textbook Table of ContentsPDF
  • Textbook IndexPDF
  • IOS
  • Android
  • Kindle FIRE HD
  • Kindle FIRE HDX
  • Nook HD +
  • Updated June 2019

If you want to access your material on the go, this is the study solution you have been waiting for. Our Wiley Series 7 Mobile Review is much more than simply an Ebook and far more accessible than a PDF. For the first time students, may study anytime, anywhere. Our Mobile Learning Library lets students interact with the content in a high quality and dynamic environment. Students preparing for the Series 7 exam may study online or via a downloadable app for your smartphone or tablet. Now you can take your textbook anywhere you can take your phone or tablet - on a plane, train or beach. If you want to make notes in the mobile version - no problem - you may create highlights, take notes, write down questions, and reminders. Want to see what other students are doing? Then join a study group and share highlights, notes, questions, test tips and ideas with each other.

Series 7 Mobile Ebook

Only

144.95

  • Demo

Series 7 Combination Packages

All of our combination packages are discounted. Check out the prices! Purchase one of the following combination packages if you are really serious about passing your exam in the quickest possible time.

Purchase the complete self study solution for both the Series 7 and Series 63 exams. This is one of our more inclusive deals and includes:

  • Series 7 Textbook
  • Series 63 Textbook
  • Series 7 Practice Exam Software
  • Series 63 Practice Exam Software
  • Series 7 Online Video Class
  • Series 63 Online Video Class
  • Series 7 Ebook
  • Series 63 Ebook
  • Free Shipping for all
  • Updated June 2019
Series 7 & 63 Complete Self-Study Solution play button

Purchase the Series 7 and Series 63 Textbooks and Exam Prep software for both exams. If you are writing one exam, you are probably writing the other and this deal puts both exam prep products in your hands. This bundle includes:

  • Series 7 Textbook
  • Series 63 Textbook
  • Series 7 Practice Exam Software
  • Series 63 Practice Exam Software
  • Free Shipping
  • Updated June 2019
Series 63 exam review study guide and test bank

Purchase the complete self study solution for both the Series 7 and Series 66 exams. This is another of our more inclusive deals and includes:

  • Series 7 Textbook
  • Series 66 Textbook
  • Series 7 Practice Exam Software
  • Series 66 Practice Exam Software
  • Series 7 Online Video Class
  • Series 66 Online Video Class
  • Series 7 Ebook
  • Series 66 Ebook
  • Free Shipping for all
  • Updated June 2019
series 7 & 66 exam Prep play button

Purchase the Series 7 and Series 66 Textbooks and Exam Prep software for both exams. Many professionals need to pass both these exams and this bundle will get you going. This bundle includes:

  • Series 7 Textbook
  • Series 66 Textbook
  • Series 7 Practice Exam Software
  • Series 66 Practice Exam Software
  • Free Shipping
  • Updated June 2019
series 7 & 66 exam Prep

  • Securities Industry Essentials Exam Review Guide 2019
  • SIE Online Video Training Class (20 hours of video)
  • SIE Test Bank and Mock Exams
  • Series 7 Exam Review Guide 2019
  • Series 7 Online Video Training Class (15 hours of video)
  • Series 7 Test Bank and Mock Exams
  • Free Shipping
  • Updated June 2019
SIE and series 7 top off exam complete study solution

Only

299.00

Series 7 License Frequently Asked Questions

The majority of people who obtain the Series 7 license will be required to pass the exam by their employer. Often times as a condition of employment, individuals are required to obtain the Series 7 license to function in their job. You may be joining your firm as a financial adviser, trader or in some other capacity that dictates that you pass the Series 7 exam. Your firm’s compliance department, home office or HR will notify individuals directly or through their managers as to the time frame for taking the exam. Full service broker dealers, proprietary trading firms and many investment advisory firms require their agents to obtain the Series 7 license.

A Series 7 license will allow you to conduct a significant amount of business in all general securities products including stocks, bonds, options rights, warrants, open and closed-end investment company shares and ETFs. Once you have obtained a Series 7 license if you wish to conduct business in variable annuity and variable life contracts you will be required to obtain a life and health insurance license in your state. Most agents who obtain a Series 7 license will wish to conduct business in variable annuities and will pursue an insurance license if they have not already done so. Passing the Series 7 exam and becoming Series 7 licensed will allow you to enter the financial services sector as general security registered representative.

Passing the Series 7 exams is a significant challenge and obtaining a Series 7 license takes focus and dedication to the exam preparation process. Students should not take this test lightly. You must thoroughly prepare to take the exam and should make it a top priority. Prepare for the exam by reading a textbook completely with a highlighter. You must read the book, there are no shortcuts and students need to understand this. You must clear your schedule, shut off your phone and focus. In addition to obtaining the knowledge required by the exam, you must master the application of the information by taking thousands of practice questions. We recommend at least 80 – 100 hours of preparation to ensure you pass your Series 7 exam and become licensed to represent your broker dealer.

For most registered representatives it feels like your Series 7 license is indeed transferable, in actuality it is not. If you wish to change employers by switching broker dealers, your Series 7 registration/license must be terminated by your current FINRA member firm. Your former employer / the firm that you are leaving will fill out and submit a Form U5 to FINRA. This will terminate your employment and your registration with that firm. When you arrive at your new firm you must fill out and submit a new Form U4. This will begin your registration with your new firm and your Series 7 license will become active at your new firm upon receiving notice from FINRA and the states where you conduct business.

Obtaining a Series 7 license will require many people to make an investment in their professional development. Your Series 7 license will empower you to conduct business in all general securities products. Many people who obtain a Series 7 license enjoy lucrative and successful careers. The good news is, for those who have to pay for it out of pocket, the costs are relatively low when compared to other types of training, certification and college expenses. Some employers pick up or reimburse the costs of training and the testing and registration fees. Even for these people many obtain additional resources such as additional test questions, books or videos to ensure they pass their exam. For those who have to pay all of the expenses out of pocket, it usually only costs a few hundred dollars for the testing and registration fees and the training materials. You will find that obtaining a Series 7 license opens many doors for you throughout your career.

Once you have obtained your Series 7 license you will be required to meet certain continuing educational requirements. Every year your firm will send out a questionnaire known as a “needs analysis” to each of its registered personnel. Based on the response to the questionnaire each representative will be assigned continuing education courses to complete. Your firm may have you attend a seminar, webinar or take an online course to satisfy the firm element continuing education requirement. You will also be required to complete the regulatory continuing education requirement, which is administered by FINRA. You will be required to complete this continuing education requirement by successfully completing the S101 course based on your date of association with a FINRA member. Your date of association for most people will be the date you passed your exam. You will be required to complete the S101 on the second anniversary of passing your exam and every three years thereafter. The S101 course may be completed at an approved facility or on FINRA’s continuing education portal.

The series 7 exams is considered to be a top off the exam. When combined with the SIE you will be licensed to represent a broker dealer in the sale of all general securities. Additionally, most states require that agents obtain a series 63 license in addition to the Series 7 license to conduct business within their state and with state residents. You can think of your Series 7 license as your product license and your license to represent your employing broker dealer. Your series 63 license can be thought of as your license to transact business with your clients or with people. The series 63 license is in addition to the life and health insurance license detailed above. Alternatively, many Series 7 registered representatives opt to take or are required to take the series 66 exam instead of taking the series 63 exams. The series 66 exams once passed in addition to the Series 7 will allow a person to become fully licensed to represent both a broker dealer and investment adviser in the sale of securities to state residents. A fully licensed Series 7 & 66 agents may receive compensation in the form of commissions for executing orders through a broker dealer and may also receive fee-based compensation for giving advice while representing an investment adviser. These fees usually take the form of an asset-based fee such as 1 percent of the value of the account. We hope that this answers many of your frequently asked questions about the Series 7 license. If you have any additional questions please call or email us.

The Series 7 Exam is comprised of 125 multiple choice questions. Each candidate will have 3 hours to complete the exam and a score of 72% is required to pass the exam.

 

Good luck on your exam.

Series 7 Important Concepts

Issuing Municipal Securities

Prior to issuing any bonds, a municipal issuer must authorize the issuance of the bonds through a bond resolution and obtain a preliminary legal opinion. The bond resolution authorizes the sale of the bonds and describes the issuer’s obligations to the bondholders. The preliminary legal opinion helps to determine how the bonds may be offered.

Selecting an Underwriter

Municipal officials cannot effectively tend to their duties and try to find investors to purchase the municipality’s debt. As a result, municipal issuers will select an underwriter or a syndicate of underwriters to sell the bonds for them. There are two ways that the issuer may select an underwriter.

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Introduction

The Municipal Securities Rule Making Board or the MSRB is the organization responsible for overseeing the municipal securities industry. The MSRB has no enforcement arm and its only function is to write rules and test questions. As a result, the Series 7 exam will contain a large number of questions relating to municipal securities.

Municipal bonds

State and local governments will issue municipal bonds in order to help the local governments meet their financial needs. Most municipal bonds are considered to be almost as safe as Treasury securities issued by the federal government. However, unlike the federal government, from time to time an issuer of municipal securities does default. The degree of safety varies from state to state and from municipality to municipality.

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What is an Option?

An option is a contract between two parties that determines the time and price at which a stock may be bought or sold. The two parties to the contract are the buyer and the seller. The buyer of the option pays money, known as the option’s premium, to the seller. For this premium, the buyer obtains a right to buy or sell the stock depending on what type of option is involved in the transaction. The seller, because they received the premium from the buyer, now has an obligation to perform under that contract. Depending on the option involved, the seller may have an obligation to buy or sell the stock. Series 7 candidates can expect to see 40 to 45 questions on options. Approximately 30 to 35 questions will be on equity options and up to 10 questions will be on non-equity options. We will begin with equity options.

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Option strategies that contain positions in more than one option can be used effectively by investors to meet their objective and to profit from movement in the underlying stock price.

Long Straddles

A long straddle is the simultaneous purchase of a call and a put on the same stock with the same strike price and expiration month. An option investor would purchase a straddle when they expect the stock price to be extremely volatile and to make a significant move in either direction. An investor who owns a straddle is neither bullish

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