“I used your materials for the Series 79, Series 82, and the Series 63 and scored all in the mid-80% range. Thanks for your help and support!” Continue reading
“I used your materials for the Series 79, Series 82, and the Series 63 and scored all in the mid-80% range. Thanks for your help and support!” -Carlie Headapohl, San Diego, CA
Read more reviews here: Solomon Exam Prep Reviews
“Your exam prep is the best! Passed both the 6 and 63 using Solomon and I recommend it to everyone.” -Karen, Colorado Springs, CO Continue reading
“Your exam prep is the best! Passed both the 6 and 63 using Solomon and I recommend it to everyone.” -Karen, Colorado Springs, CO
Read more reviews here: Solomon Exam Prep Reviews
“Your books and online exam simulators were an excellent study mix…” Continue reading
“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
This week’s study question from the Solomon Online Exam Simulator question database is now available. Relevant to the Series 63, Series 65, and Series 66. –ANSWER POSTED– Continue reading
This week’s study question from the Solomon Online Exam Simulator question database is now available.
Question (Relevant to the Series 63, Series 65, and Series 66):
Which of the following are likely to be exempt from state registration as an investment adviser under the Uniform Securities Act?
I. A certified public accountant (CPA) who reviews client asset allocations upon request
II. An individual representative of a firm that offers investment advice and management for a fee
III. A federally covered investment adviser
Answers:
A. I and II
B. I and III
C. I, II, and III
D. II and III
Correct Answer: C.
Rationale: Federal law and the Uniform Securities Act define investment advisers as people who provide investment advice in exchange for compensation of some kind, but there are several types of exemptions, including: an investment adviser representative (IAR) working for an investment adviser (so II is exempt); a bank, savings institution, or trust company; a lawyer, accountant, teacher, or engineer whose provision of investment advice is incidental to their profession (so the CPA is exempt); a broker-dealer or its agents if the provision of investment advice is incidental to its business of buying and selling securities and not directly compensated; a publisher of a bona fide publication of general and regular circulation; a federally covered investment adviser (III is exempt). If the RIA is federally covered (registered with the SEC as an RIA), then it does not have to register at the state level. However, any of its IARs doing business in the state are required to register.
Weekly study questions are from Solomon’s industry-leading Online Exam Simulator.
Solomon Exam Prep is excited to announce its appearance at LAMP March 10-13, 2013 at the Manchester Grand Hyatt in sunny San Diego, CA. Continue reading
Solomon Exam Prep is excited to announce its appearance at LAMP March 10-13, 2013 at the Manchester Grand Hyatt in sunny San Diego, CA. LAMP is GAMA International’s annual Leadership and Management Program meeting.
GAMA International is an association committed to developing future leaders in the financial services and insurance industry. “LAMP is where industry leaders come to connect with colleagues, learn from industry’s best and brightest, and recharge and reinvigorate themselves for the coming year. It’s an annual must for those field leaders who are serious about working on their business, not just in it.” (http://gamaweb.com/lampconf/)
Come by our booth to learn more about Solomon’s corporate study solutions for the Series 6, Series 63 and Life & Health licensing exams. We will be showcasing our new website & giving away some great licensing exam swag!
NASAA announces important changes to Series 63, 65 and 66 exams Continue reading
NASAA announces important changes to Series 63, 65 and 66 exams
Series 65: new topics will include capital markets theory and special accounts such as college savings plans, also, the question distribution will change. In addition, the number of questions under Legal, Regulations and Guidelines, including Prohibition on Unethical Business Practices will decrease from 45 to 40.
Series 66: new topics will include capital markets theory and special accounts such as college savings plans, also, the question distribution will change. Specifically there will be fewer legal questions and significantly more questions on Economic Factors and Business Information, Investment Vehicle Characteristics and Client Investment Recommendations and Strategies.
Series 63: no new topics but question distribution will change.
