Series 65 vs Series 66 Exam what is the difference?

The Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.

Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!

The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.

A good article on the Series 65 Exam can be found HERE

https://money.usnews.com/financial-advisors/articles/getting-your-series-65-license-to-become-an-ria

Neither the Series 65 or Series 66 requires the SIE Exam, However the series 66 does require the passing of the Series 7 Exam which does also require the SIE Exam.

The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.

When taking the Series 65 to join an RIA firm as a IAR, candidates must complete the exam within 180 minutes. A passing score is 72%, which translates to correctly answering 94 of the 130 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 65 pass rates.  But this is a TOUGH exam, many people do not pass on the first try.

KEY TAKEAWAYS

Individuals who want to become investment advisor representatives or securities agents by taking the Series 66 exam  must take both the Series 66 and Series 7 exams.

The Series 66 exam has 100 multiple-choice questions that are scored, and a candidate must correctly answer 73 of those questions in order to pass.

The comprehensive exam covers topics such as economic factors, the characteristics of investment vehicles, client/customer investment recommendation strategies, and laws and regulations.

Candidates have a maximum time of 150 minutes to complete the series 66 examination.