About the Series 65 Exam
What is On the Series 65 Exam?
The Series 65 exam is made up of 130 questions with topics broken into four parts. You can expect to see the following content areas on the Series 65 Exam: :
- Economic factors and business information
- Investment vehicle characteristics
- Client investment recommendations and strategies
- Laws, regulations and guidelines, including prohibition or unethical business practices
What is the Series 65 exam?
The Series 65 Exam, also known as the NASAA Investment Advisers Law Examination, is designed to test financial professionals on their understanding of securities regulations, investments, and other knowledge related to areas of investing, finance, and
economics.
See below for more detailed breakdown or visit NASAA.
Series 65 Exam Content
Investment Vehicle Characteristics
- Basic economic concepts
- Financial reporting
- Quantitative methods
- Types of risk
Economic Factors and Business Information
- Types and characteristics of cash and cash equivalents
- Types and characteristics of fixed income securities
- Methods used to determine the value of fixed income securities
- Types and characteristics of equity securities
- Methods used to determine the value of equity securities
- Types and characteristics of pooled investments
- Methods used to determine the value of pooled investments
- Types and characteristics of derivative securities
- Alternative Investments
- Insurance-based products
Client Investment Recommendations and Strategies
- Type of client
- Client profile
- Capital Market Theory
- Portfolio management styles and strategies
- Portfolio management techniques
- Tax Considerations
- Retirement plans
- ERISA issues
- Special types of account
- Trading securities
- Performance measures
Laws, Regulations, and Guidelines, including Prohibition on Unethical
Business Practices
- State and Federal Securities Acts and related rules and regulations
- Ethical practices and fiduciary obligations