Licensing Information
The first step is to determine the type of securities business you would like to pursue and the licenses required.
Series 65 - Registered Investment Advisor:
This license required by most states for individuals who wish to act as investment advisers. If you are only interested in providing investment advice then you may want to become a Registered Investment Advisor. You cannot sell securities but you may charge for your time and advice. The exam for this license is 130 multiple-choice questions with 3 hours allowed to complete the exam.
The exam is waived by some states if the applicant has the CFP (Certified Financial Planner), the CHFC (Chartered Financial Consultant), APFS (Accredited Personal Financial Specialist), CFA (Chartered Financial Analyst), the CIC (Chartered Investment Counselor), or other designations or items as ruled by the (state) administrator.
Series 6 - Investment Company and Variable Contracts Products Representative:
A Series 6 license will qualify you to sell:
>> Mutual Funds
>> Variable Annuities
>> Variable Life Insurance
>> Municipal Funds
>> College Savings Plans
>> Individual Retirement Accounts
>> Simple and SEP Retirement Plans
>> Other pooled and managed securities
Agents with this license usually work with insurance companies and offer mutual funds along with their insurance products. A local state life insurance license is also usually required if the products you intend to offer include Variable Annuities and Variable Life Insurance. If you are headed in this direction check out our pre-license insurance courses on the insurance pages.
The NASD (National Association of Securities Dealers) Series 6 exam consists of 100 multiple-choice questions. It is a monitored, closed book test and you are allowed 135 minutes to complete the exam. Minimum passing score is 70%.
The course covering the Series 6 Exam usually takes 40-50 hours to review all of the content. You should anticipate additional study time to become totally familiar with topics and pass the NASD exam. For the student that would prefer additional and broader material we highly encourage you to consider one of our series packages. They contain a textbook and Exam Prep Software Package at a greatly reduced price.
Series 7 - General Securities Registered Representative:
The Series 7 License, often referred to as the "Stock Broker" license, is required for those wishing to offer additional securities such as stocks, bonds, options, commodities and many other securities to their customers. It is a much more comprehensive license and most agents start out working for large, national firms soliciting prospects with a broad range of investment opportunities.
The Series 7 exams consists of 250 multiple-choice questions with 6 hours allowed to complete the exam. This is also a more difficult exam since it covers many more forms of investments. The Series 7 course requires at least 60-80 hours of study.
We also highly encourage you to consider one of the Series 7 packages with text and Exam Prep Software to ensure you are well prepared for the NASD exam.
For the individual not wanting to be licensed but broaden their knowledge of investments the Series 7 education is a must. This will provide you with in depth insights into stocks, bonds, mutual funds, options, commodities and many other forms of available securities.
While the Series 7 license includes all of the securities of the Series 6 license, you will still need a state Life Insurance License to handle Variable Annuities and Variable Life Insurance products. If you are headed in this direction check out our pre-license insurance courses on the insurance pages.
Pro-Studies Advantage is a complete home study program that contains:
>> Required pre-license securities materials to make your work easier
>> A 24 hour 7 day a week support system to maximize your study time!
THE NEXT MOVE IS UP TO YOU
Get started with Pro-Studies Advantage, the complete home study program for your Securities License. Click HERE to get started today!
To browse the courses available begin by pressing the"HERE" button above or the "Order Now" button at the top or left side of this page. You will then be taken to the Virtual University pages where you will find a list of all of the available courses. To see a detailed course description click on the title of the course you are interested in.
A separate dialog box will appear with the course outline and description. You can also view the first lesson of any course by clicking on the word "sample" to the far right of the course title. From the then displayed list of courses, select the course(s) that interest you by "checking" the box to the right of the course title. When done, click the "add to cart" button to proceed with the registration.
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