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What is a Series 6 license?

What is a Series 6 license?

With a Series 6 license, you are able to sell mutual funds, variable annuities, variable life insurance, unit investment trusts (UITs), and municipal fund securities. The Series 6 is often seen as the ideal companion license for those in the insurance industry.

Is the Series 6 exam difficult?

A: The Series 6 exam is fairly difficult. FINRA reports that the pass rate for the exam is only 58%. Make sure to study well ahead of time if you want to pass on your first try.

Where can I study for Series 6?

These are the best Series 6 study guides we found:

  • Securities Institute of America Series 6 Study Guide.
  • Securities Training Corporation Series 6 Review Guides.
  • ExamFX Series 6 Review Guides.
  • Knopman Marks Series 6 Exam Prep Guide.
  • Kaplan Series 6 Exam Review.
  • NRS Series 6 Exam Prep Guide.

How do I get Series 6 certification?

In order to earn your Series 6 license, you’ll need to pass the Securities Industry Essentials examination (aka the “SIE exam”) and take a FINRA Series 6 “Top-Off” exam. You must be sponsored by a member of FINRA (formerly NASD) or a Self-Regulatory Organization.

Is the Series 6 or 7 harder?

The Series 7 is the tougher but more comprehensive exam of the two. It allows you to deal with almost any type of security, from stocks to bonds to investment trusts and funds, that a professional or retail investor would want.

Should I take the Series 6 or 63 first?

The Series 63 license is specific to the securities laws of each state, which is why it is a necessary addition to the Series 6 license. In order to use your Series 6 license in your state, you must pass the state’s version of the Series 63 license exam.

Is Series 6 or 7 harder?

How long should I study for Series 6?

40 to 60 hours
Most candidates spend 40 to 60 hours studying for the FINRA Series 6 exam.

How long does it take to study for Series 6?

Is Kaplan Good for Series 6?

Kaplan Financial Education’s securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the FINRA® Series 6 Exam, Investment Company and Variable Contracts Products Representative Qualification Examination.

How much does Series 6 license cost?

$40
The Series 6 costs $40. Once you pass the Series 6, you need to register your new license with FINRA. You must also participate in FINRA’s continuing education requirements and sponsored by a FINRA registered company in order to maintain the Series 6 license.

Can you take Series 6 online?

FINRA offers online delivery of select qualification exams. Available exams include the Securities Industry Essentials (SIE), Series 6 and Series 7; and the National Futures Association (NFA) Series 3, Series 30, Series 31, Series 32 and Series 34.

How long is Series 6 good for?

Administered by FINRA, the Series 6 license is good for the entire period that you work for a FINRA-member firm or self-regulatory organization (SRO). It only expires if you are terminated or leave a firm and do not find employment within two years at another FINRA-member firm or SRO.

How much does it cost to get a Series 6?

FINRA Representative-level Exams

Duration Cost
Series 6 – Investment Company and Variable Contracts Products Representative Exam 1 hour and 30 minutes $75
Series 7 – General Securities Representative Exam 3 hours and 45 minutes $300
Series 22 – Direct Participation Programs Limited Representative Exam 1 hour and 30 minutes $60

Is Series 6 or 65 Harder?

But the bottom line is that the Series 65 exam isn’t really much harder than other common industry licensing exams, like the Series 6 or the state Life and Health license. Most will take 2-4 weeks to study, spending about 20-30 hours, and pass the exam with its required 72% passing grade.

How long do you need to study for Series 6?

How much does Series 6 exam cost?

You can’t bring any outside materials into the test. The Series 6 costs $40. Once you pass the Series 6, you need to register your new license with FINRA. You must also participate in FINRA’s continuing education requirements and sponsored by a FINRA registered company in order to maintain the Series 6 license.

How much does the Series 6 exam cost?

How much does it cost to take Series 6?

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