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 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 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 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.