How to Study for the Series 65

1. Start with the NASAA outline

   • NASAA Series 65 Test Specifications (June 2023) ↗

2. About the Series 65 exam

   • All Series 65 practice exam details

3. Work through each section

   15%25%30%30%

   1. Economic Factors and Business Information15%
   2. Investment Vehicle Characteristics25%
   3. Client Investment Recommendations and Strategies30%
   4. Laws, Regulations, and Guidelines Including Prohibition on Unethical Business Practices30%

   • Economic Factors and Business Information15%

     • Basic Economic Concepts
     • Financial Reporting
     • Analytical Methods
     • Types of Risk
   • Investment Vehicle Characteristics25%

     • Cash and Cash Equivalents
     • Types of Fixed Income Securities
     • Fixed Income Characteristics and Valuation
     • Types and Characteristics of Equity Securities
     • Equity Valuation Methods
     • Equity Public Offerings
     • Types and Characteristics of Pooled Investments
     • Derivative Securities
     • Alternative Investments and Other Assets
     • Insurance-Based Products
   • Client Investment Recommendations and Strategies30%

     • Type of Client
     • Client Profile
     • Capital Market Theory
     • Portfolio Management Strategies, Styles and Techniques
     • Tax Considerations
     • Retirement Plans
     • ERISA Issues
     • Special Types of Accounts
     • Ownership and Estate Planning Techniques
     • Trading Securities
     • Portfolio Performance Measures
   • Laws, Regulations, and Guidelines Including Prohibition on Unethical Business Practices30%

     • Regulation of Investment Advisers
     • Regulation of Investment Adviser Representatives
     • Regulation of Broker-Dealers and Their Agents
     • Regulation of Securities and Issuers
     • Remedies and Administrative Provisions
     • Communication with Clients and Prospects
     • Ethical Practices and Fiduciary Obligations

4. Practice by topic

   • Client Profile and Investment Policy Statement
   • Economic Concepts
   • Fiduciary Duty
   • Financial Statement Analysis
   • Investment Adviser Registration
   • Investment Companies and Alternatives
   • Portfolio Management
   • Prohibited Practices
   • Retirement and Tax
   • Risk and Return
   • Securities Characteristics

5. Mix topics in one practice set

   • Series 65 practice questions with answers

6. Compare the Series 65 with other exams

   • Series 65 vs Series 66
   • Series 63 vs Series 65
   • Series 66 vs Series 63 + Series 65

Practice the Series 65

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