Series 63: 5.4.1 Broker-Dealer Vs. Investment Adviser Suitability

Taken from our Series 63 Online Guide

5.4.1 Broker-Dealer vs. Investment Adviser Suitability

Investment advisers have a fiduciary duty to their clients, which requires them to put their clients’ interests before their own at all times. Under the suitability rule described above and SEC Regulation Best Interest, broker-dealers are required to make recommendations that are in the best interests of their clients. This best-interest requirement prohibits broker-dealers from putting their own interests ahead of the interests of their clients.

Answer true or false

_ Diversification of investments within a portfolio is a key component of the prudent investor standard because this strategy tends to reduce poten

+ Read More

More Series 63 Info

What are people saying?

Create an Account

Since you're reading about Series 63: 5.4.1 Broker-Dealer Vs. Investment Adviser Suitability , you might also be interested in:

Series 51 - Compliance with Bank Secrecy Act

Series 24 - Handling of Orders and Reports

Series 82 - 4.7. FINRA Adjudicatory and Dispute Resolution Rules

Series 66 - 2.2.2 Liquidation

Series 26 - Cash Compensation

Series 63 - Prudent Investor Standards

Series 7 - 12.5.5 Retaining IPO Shares in a Member Account

Series 66 - Liquidation

Series 66 - 1.1.2. The Balance Sheet

SIE - Electronic Access Can Meet Prospectus Delivery Requirements

Series 79 - 9.5.3. Five-Year Records

Series 7 - 9.4.1.1.2 Operating Profit

Series 7 - 3.6.39. Rule G-41—Anti–Money Laundering Compliance Program

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Passed the 63 with an 85%. The exam simulator was unbelievably helpful, but still make sure you understand the fundamental concepts and the questions are not always phrased the same way or in the same structure. It was significantly easier as there was some overlap with 79 materials, which I had also previously passed using Solomon materials.

Aaron Lau

I've been using Solomon Exam Preparation materials for my last four Series tests: the Series 82, Series 63, Series 79 and just recently the Series 7. My scores on these tests were 88, 90, 88 and 90. The Solomon texts were comprehensive and easy to read; everything you need to know is in there. But there is so much material that these exams cover that you have to read the texts several times over and take as many practice quizzes and tests as you can until you score in the mid 80's. Then go in for the test. That's what I did. I went in scoring in the mid 80's on practice exams and "peaked" at higher scores while taking the actual tests. You can't do any better than Solomon. I highly recommend them.

Michael McGregor, FOCUS Investment Banking, Charlotte, NC

Your exam prep is the best! Passed both the 6 and 63 using Solomon and I recommend it to everyone.

Karen, Colorado Springs, CO

Your books and online exam simulators were an excellent study mix: I passed the Series 63 and the Series 79 exams!

Bob Newkirk, Moesman Advisors LLC, Denver, CO

Your Series 63 Audiobook was awesome! My company gave me a class and a textbook but it was boring, so I bought your audio book and, honestly, it helped me pass the test the first time. Now I have to take the Series 6 and I am going to get your Series 6 Audiobook and also the Exam Prep Series 6 iPhone app to practice on my iPod Touch. Thank you so much.

Dana Carbuccia, JP Morgan Chase

My thanks to everyone at Solomon for their commitment to my success in passing Series 63. Karen Solomon was always quick to respond to me, advise me and clarify material for me. I had great take away from Bob Pisani's class and I know his presentation influenced my exam score of 83!

Mary Sutter