Examination Requirements
Chapters in this video
- 0:00 The IAR nightclub: Stan the state administrator
- 1:35 The single door: Series 65 alone
- 1:57 The double doors: Series 66 plus Series 7
- 2:33 The Series 66 alone trap
- 3:07 VIP waivers: six qualifying designations
- 3:49 The CPA alone does not waive
- 4:38 Passing the exam is not registration
- 5:44 Rapid-fire exam recap
What this video covers
- The two acceptable qualifying exam routes: the Series 65 alone, or the Series 66 combined with the Series 7 (and the SIE prerequisite for the Series 7)
- Why the Series 66 by itself is never sufficient to qualify as an IAR, and how to eliminate answer choices that suggest otherwise
- The six qualifying professional designations that waive the exam requirement under the NASAA Model Rule: CFP, ChFC, PFS, CFA, CIC, and CIMA
- Why a CPA (Certified Public Accountant) license alone does not waive the exam, and the exact condition under which a CPA can qualify (holding the PFS designation)
- The distinction between passing a qualifying exam and completing registration through an investment adviser firm to become an IAR
- Why passing the Series 65 is only a prerequisite, not a grant of registration status, and the sequence of exam-then-registration on test day
Read the full lesson, free
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