Exam Topics
Deep dives on the four NASAA Series 66 sections: economic factors, investment vehicle characteristics, client investment recommendations and strategies, and laws, regulations, and ethics.
Series 66 Client Recommendations and Strategies: The 30% Section
The Series 66 client recommendations section is 30 questions on client types, profiles, portfolio theory and strategies, trading, and performance measures.
Series 66 Economic Factors and Business Information: The 8% Section
The Series 66 economic factors section asks 8 of 100 scored questions (8%) on time value of money, statistics like beta and Sharpe ratio, and key ratios.
Series 66 Ethics & Fiduciary Obligations: The Heart of the 45% Section
Advisers owe a fiduciary duty; agents follow Reg BI. How the Series 66 tests communications, compensation, custody rules, and the prohibited-practices catalog.
Series 66 Retirement Plans, Taxes, and Estate Basics
The Series 66 tests how every account is taxed going in, growing, and coming out: IRAs, 401(k)s, 529s, HSAs, plus ERISA duties and estate transfer basics.
Series 66 Investment Vehicle Characteristics: The 17% Section
Investment Vehicle Characteristics is 17 of the 100 scored Series 66 questions. Here is what it tests on bonds, stocks, funds, annuities, and alternatives.
Series 66 Uniform Securities Act: Registration, Exemptions, Remedies
The Uniform Securities Act powers the biggest Series 66 section: who registers as a broker-dealer, agent, adviser, or IAR, and what the administrator can do.