Series 65 Exam

An exam administered by the Financial Industry Regulatory Authority (FINRA) (previously the National Association of Securities Dealers (NASD)). Completion of the Series 65 Exam will qualify an investment professional to operate as an Investment Advisor Representative in certain states. The exam focuses on topic areas that are important for an investment advisor to know when providing investment advice. These areas include topics such as retirement planning, portfolio management strategies, and fiduciary obligations.

Time Limit:	Three hours
Cost:	$135.00
Number of Questions:	140 questions, 10 of which are pretest questions which will not count toward the final mark. Note that the exam does not indicate which questions these are.
Passing Score:	72%
Format:	Multiple Choice / 50% Essay
Prerequisites:	You do not have to be sponsored or employed by a member firm. If registering as an individual, you must complete Form U-10.
Exam Date(s):	Any day of the week, excluding Sundays
Exam Locations:	Find your U.S. or international exam center here
Offical Exam Website:	http://www.nasaa.org

For an in-depth breakdown, see the North American Securities Administrators Association's (NASAA) study guide.