FINRA® Series 6 Exam Prep Training Course & Study Materials

Trustpilot
Series 6 top-off prelicensing program

Series 6 Representative Level Qualification Exam Prep

Rated "Best Value" By Investopedia

ExamFX has created a comprehensive online training program to ensure candidates are prepared to pass their qualification exam on the first attempt. We have a variety of study packages to fit every learning preference and budget.


RETAIL PACKAGES STARTING AT
$89.95
Learn about our Pass Guarantee ›

Register Now Organization Discounts Available Contact your referring manager or recruiter for information on how to access your organization's portal.

Series 6 Training Package Comparison

We offer flexible solutions and packages for every learning preference, specifically designed to help candidates pass their Series 6 Rep Level exam. Our training provides a variety of helpful study tools that prepares candidates for success.



PACKAGE COMPARISON

SELF-STUDY PACKAGE VIDEO STUDY PACKAGE LIVE ONLINE PACKAGE
$89.95 - REGISTER NOW $129.95 - REGISTER NOW $169.95 BEST VALUE REGISTER NOW SEE CALENDAR
90 Days Course Access
Interactive Learning Portal
Chapter Quizzes
Practice Exams
Readiness Exam
Instructor Support
Video Lectures
Online Flash Cards
Live Online Training
question icon

What is the Series 6 Top-Off exam and what will it do?

The Series 6 exam is designed to assess the competency of entry-level Investment Company and Variable Contracts Products Representatives and is administered by the Financial Industry Regulatory Authority (FINRA). The Series 6 exam seeks to measure the degree to which each candidate possesses the knowledge, skills and abilities needed to perform the critical functions of an Investment Company and Variable Contracts Products Representative. In order to obtain registration as an Investment Company and Variable Contracts Products Representatives, candidates must pass both the Series 6 exam and a general knowledge co-requisite, the Securities Industry Essentials (SIE) exam. For more information about the Investment Company and Variable Contracts Products Representative registration category, see FINRA Rule 1220(b)(7).
VIEW FINRA SERIES 6 EXAM CONTENT OUTLINE

About the Series 6 Rep Level Exam

What are the topics covered on the Series 6 Rep Level Exam?

The Series 6 Rep Level exam is broken down into four parts (by job function). These topics include: 

  • Seeks Business for the Broker-dealer from Customers and Potential Customers
  • Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives
  • Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records
  • Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions

See below for more detailed breakdown or visit FINRA.

Seeks Business for the Broker-Dealer from Customers and Potential Customers

  • Standards and required approvals of public communications
  • Types of communications (e.g., retail, institutional, correspondence)
  • Seminars, lectures and other group forum requirements
  • Prospectus requirements (e.g. timeliness of information, preliminary prospectus (red herring), final prospectus
  • Process for bringing new issues to market (e.g. due diligence, registration statement, preliminary prospectus, final prospectus, underwriting agreement, selling group agreement, blue-sky laws and procedures)
  • Official statements, preliminary official statements (POS), notice of sale for municipal securities
  • Regulation D offerings
  • Intrastate offering and securities transactions exempted from registration, including Section 3(a)(11) of the Securities Act of 1933 thereunder

      Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives

      • Types of accounts (e.g., prime brokerage, advisory or fee-based)
      • Account registration types (e.g., tenants in common (TIC), community property, sole proprietorship, partnership, unincorporated associations)
      • Requirements for opening customer accounts
      • Retirement plans and other tax advantaged accounts
      • Wealth events (e.g., inheritance)
      • Account registration changes and internal transfers
      • Customer screening (e.g., customer identification program (CIP), know your customer (KYC), domestic or foreign residency and/or citizenship, corporate insiders, employees of broker-dealers or self-regulatory organizations (SROs))
      • Information security and privacy regulations (e.g., initial privacy disclosures to customers, opt-out notices, disclosure limitations, exceptions)
      • Account authorizations (e.g., power of attorney (POA), trust documents, corporate resolutions, trading authority, discretionary account documents)
      • Essential facts regarding customers and customer relationships
      • Financial factors relevant to assessing a customer's investment profile
      • Investment objectives (e.g., preservation of capital, income, growth, speculation)
      • Reasonable-basis suitability, customer-specific suitability and quantitative suitability
      • Investment strategies and recommendations to hold
      • Required review, approvals and documentation for account opening and maintenance
      • Physical receipt, delivery and safeguarding of cash or cash equivalents, checks and securities
      • Circumstances for refusing or restricting activity in an account or closing accounts

       

      Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records

      • Customer-specific factors that generally affect the section of products (i.e., customer's investment profile, including the customer's risk tolerance, investment time horizon and investment objectives, liquidity needs)
      • Portfolio of account analysis and its application to product selection (e.g., diversification, concentration, volatility, potential tax ramifications)
      • Portfolio theory (e.g., alpha and beta considerations, Capital Asset Pricing Model (CAPM))
      • Fundamental analysis of financial statements and types of financial statements included in an annual report, importance of footnotes, material risk disclosures and key terms (e.g., assets, liabilities, capital, cash flow, income)
      • Balance sheet and methods of inventory valuation: last-in, first-out (LIFO), first-in, first-out (FIFO) and methods of depreciation
      • Types of underlying securities
      • Tax treatment
      • Packaged products
      • Investment companies, exchange-traded funds (ETFs), unit investment trusts (UITs)
      • Variable life insurance and annuity contracts
      • General characteristics of municipal fund securities
      • Purpose and characteristics of specific types of municipal fund securities
      • Required disclosures on specific transactions (e.g., material aspects of investments, statement of additional information, material events, control relationships)
      • Types of investment risk (e.g., call, systematic and nonsystematic, reinvestment, timing)
      • Types of investment returns (e.g., tax-exempt interest, return of capital)
      • Costs and fees associated with investments (e.g., markups, commissions, net transactions, share classes, non-discretionary fee-based accounts, surrender charges, 12b-1 fees, mortality and expense charges in variable products, soft dollar arrangements)
      • Tax considerations (e.g., unification of gift and estate taxes, lifetime exclusion, annual gift limit, taxation of securities received as a gift, inheritance or securities)
      • Market analysis considerations (e.g., market sentiment, market indices, market momentum, available funds)
      • Customer confirmations and statements, including components, timing, mailings to third parties, and exceptions
      • Account value, profits and losses, realized and unrealized
      • Customer account records (e.g., updating for change of address, sending required notifications, investment objectives)
      • Books and records retention requirements
      • Account closure procedures

       

        Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions

        • Orders, offerings, and transactions in customer accounts
        • Trade execution activities
        • Best execution obligations
        • Delivery requirements and settlement of transactions
        • Information required on an order ticket (e.g., symbol, account number, price)
        • Use of automated execution systems
        • Erroneous reports, errors, cancels and rebills
        • Requirements for addressing customer complaints and consequences of improper handling of complaints
        • Methods of formal resolution (e.g. arbitration, mediation, litigation)
        • Form U4 reporting requirements

        Additional Series 6 Study Materials

        ExamFX offers candidates all the study materials they need to be successful in passing their qualification exam. In addition to our online learning platform, we offer printed study materials that help candidates throughout their learning. Our Study Guide and Tip Sheets can easily be added to any package during checkout.

        ExamFX Series 6 packages include unlimited practice exams, designed to the simulate qualification exam. Learn more about these additional study materials by clicking below.

        series-6-study-materials

        Series 6 FAQ

        Is the Series 6 exam difficult?
        The Series 6 exam could be considered difficult since it only has a pass rate of 59%. Preparation is key — give yourself an appropriate amount of time to prepare and follow a solid study plan.
        Click to learn more about Series 6 exam difficulty >>

        How do I study for my Series 6 license?
        You’ll want to have a good basic knowledge of mutual funds, insurance products, securities and tax regulations, retirement plans, and variable annuities before taking your Series 6 exam. Plan to prepare for at least a month using study guides and other training tools, like those available from ExamFX.
        Click to get Series 6 exam study tips >>

        What to expect on Series 6 exam?
        The Series 6 exam contains 50 questions. You have 2 hours and 15 minutes to complete. Material can be broken down into four sections related to the main job functions of an investment company and variable contracts products representative. Each section represents a certain percentage of the testable material. Learn more about each section by clicking below.
        Click to see what’s on the Series 6 exam >>

        What is the ExamFX Readiness Exam?


        ExamFX is so confident in our training program that we guarantee users who successfully complete the Readiness Exam will pass their licensing exam on their first attempt! If you do not pass your licensing exam within three days after scoring 80% or higher on the Readiness Exam, we will refund the cost of your course. It is that simple. Some restrictions may apply.

        Register Now