Series 65 Frequently Asked Questions
How do I register to take the Series 65?
To take the Series 65, a FINRA member firm must file a Form U4 application on your behalf through FINRA’s Central Registration Depository (CRD), or you can file a Form U10 individually. There are no prerequisites to take the Series 65; however, with Form U4, you will have to get fingerprinted and answer a lengthy set of questions about your background. Individuals filing Form U10 will also need to meet the requirements of the regulatory authority they are registering with.
What does the Series 65 qualify me to do?
A Series 65 license qualifies you as an investment adviser representative, which allows you to provide investment advice to clients.
What score do I need to pass the exam?
A score of 72% is required for passing.
Note: Scores are rounded down to the lowest whole number, so a 71.9% would be a final score of 71%—not a passing score for the Series 65 exam.
How many questions are on the exam?
There are 130 scored and 10 unscored questions. The 10 unscored questions are randomly distributed, so test takers do not know which questions are not scored. The unscored questions are being tried out by the exam committee.
Are the questions put into any order?
No, the questions are randomly distributed.
If I get some questions correct, does the test adjust and give me progressively harder questions?
No, the questions are randomly distributed.
How long is the exam?
You’ll have thr