Series 65 Exam: Everything You Need to Know to Pass

What is the Series 65 License?

The Series 65 license qualifies individuals to provide investment advice and portfolio management services without selling securities. It's ideal for those who want to work at or open a Registered Investment Advisory (RIA) firm. The exam is administered by FINRA on behalf of NASAA, and it's designed to assess your knowledge of investment strategies, ethics, laws, and client recommendations.

What’s on the Series 65 Exam?

• Laws, Regulations, and Guidelines (30%)
• Covers fiduciary responsibility, unethical practices, and communication rules.
• Client Investment Recommendations and Strategies (30%)
• Focuses on retirement planning, tax considerations, and asset allocation.
• Investment Vehicle Characteristics (25%)
• Examines how investment products work and their risks/benefits.
• Economic Factors and Business Information (15%)
• Includes economic indicators, business cycles, and monetary policy.

How long should I study for the Series 65 Exam?

• Most successful candidates report needing 80 to 90 hours of study time.
• If you’re unfamiliar with financial regulations or concepts, you may need closer to 100 hours.
• Your Series 65 study time can be spread across several weeks depending on your schedule and learning style.

How to study for the Series 65 Exam

• Follow a study plan: Break down the topics and schedule daily study blocks.
• Use a high-quality prep course: Choose one with lectures, quizzes, and practice tests.
• Practice often: Take at least 3–5 Series 65 exam practice tests to simulate test conditions.
• Review your weak areas: Focus more time on topics you score lowest on.
• Join a study group or partner up: Studying with others helps reinforce your knowledge.

Application and exam details

• To sit for the exam, you’ll need to submit: Form U10 if you’re not affiliated with a firm, Form U4 if you are affiliated.
• The Series 65 exam fee is $175, and you’ll take the exam at a Prometric testing center. Basic calculators and dry-erase boards are provided.

What does the Series 65 License allow you to do?

• Passing the Series 65 license exam opens doors in the financial industry. It qualifies you to:
• Provide investment advice legally
• Work for or launch a Registered Investment Advisory (RIA)
• Grow your credibility and client base as a trusted advisor

Get started with Series 65 Exam prep and STC

With STC’s proven exam prep materials, including online courses, flashcards, and full-length practice exams, you’ll be fully equipped to pass the Series 65 the first time.

Boost Your Score with STC’s Series 65 Supplemental Exams

🎯 Tip: We recommend taking at least 3 full-length practice exams before your test day to maximize your readiness.