What is a Series 63 FINRA license?

The Series 63 license is intended to measure an applicant’s knowledge and understanding of state law and regulations. It is required for individuals soliciting the purchase or sale of securities products, such as mutual funds, variable annuities, stocks, or bonds within a state.

What is the difference between Series 65 and 63?

The Series 63 is required if you want to sell securities to residents in most states AND you must also have a FINRA registration (SIE and Series 6 or Series 7). A Series 63 by itself does not mean anything. The Series 65 is required if you want to charge a fee to give securities advice to residents in most states.

What is a FINRA Series 65 license?

The Series 65 license, known as the Uniform Investment Adviser Law Examination, qualifies individuals to provide investing and general financial advice to clients. Passing the Series 65 exam qualifies individuals as Investment Advisor Representatives (IARs).

What happens after you pass Series 65?

After you successfully pass the Series 65 test, you will then register as an investment advisor representative with the applicable state securities regulators. You will need to contact your registered investment advisor firm and ask the firm to submit your completed Form U4 through the WebCRD system.

What does Series 63 allow you to do?

The Series 63 license, also known as the Uniform Securities Agent license, enables you to sell securities in a particular state.

Does a Series 63 and 65 equal a 66?

The 66 exam is only for those individuals who are registered for, or completed the Series 7 exam. It combines the Series 63 with the Series 65 exam. The Series 65 exam is designed for those who do not have a Series 7 license.

Is Series 6 or 65 Harder?

But the bottom line is that the Series 65 exam isn’t really much harder than other common industry licensing exams, like the Series 6 or the state Life and Health license. Most will take 2-4 weeks to study, spending about 20-30 hours, and pass the exam with its required 72% passing grade.

What is Series 6 license?

With a Series 6 license, you are able to sell mutual funds, variable annuities, variable life insurance, unit investment trusts (UITs), and municipal fund securities. The Series 6 is often seen as the ideal companion license for those in the insurance industry.

How do you reinstate your series 6 63 license?

Pay a license reinstatement fee.

What are the series 6 and 63 securities licenses?

The Series 6 and 63 licenses are often mentioned together because they are the two necessary licenses required to sell insurance policies tied to investments. While any securities professional can benefit from having a Series 6 license, this is a license specifically tailored for insurance professionals. Sales professionals need a securities

How long is a series 6 license good for?

Prometric also administered the online tests. However, candidates or their employers had to install specialized software on their computers and provide cameras. 1 Note, however, that a Series 6 expires two years after employment unless under special circumstances such a military deployment.

What are series 6 and 63 licenses for?

Series 6 and 63 licensing requirements are as follows: Series 6: This license is for individuals who want to sell Mutual Funds and Variable Annuities. In order to earn your Series 6 license, you’ll need to pass the Securities Industry Essentials examination (aka the “SIE exam”) and take a FINRA Series 6 “Top-Off” exam.