Wednesday, November 16, 2011

Successfully passing the Series 65 Exam the first time

Having the right Series 65 study guides and flash cards are not enough.  You need to study properly in order to pass the Series 65 Exam on your first try.  Below I'll give you some great study tips, but first checkout this cool video which give generic study tips for exams.




To be able to successfully pass the Series 65 on your first try, you'll want to allow sufficient time to review and practice. If you don’t pass on your first try you have to wait 30-days to retake the test so ensure that you give yourself sufficient time. Here are the key steps…

Step 1: Cover a chapter inside your study guide at least every 48 hrs. At first, skim through the chapter. Get an outline on the material covered. You’re not going for retention here, just a synopsis. After skimming the chapter, re-read it with highlighter and pen available. Highlight crucial text and make notes inside the margins. Don’t worry about the pop-quizes or sample tests as of this time, concentrate on ferreting out the key material.

Step 2: Study the chapter you just completed. With 3 x 5 index cards in hand begin to make flash cards using the important facts you highlighted and notes you wrote in the margins. Put just one question or topic on the front side of every card and the solution on the back. Once you get that whole chapter on to 3 x 5 note cards, promptly review them. Repeat this for each chapter.

Step 3: Bring your finished notecards everywhere with you. When happen to be on a break, walking the dog, or at lunch review them. Study as frequently as possible. You are opting for reps here. Repetition will insure proper memory recall later. Also, repeat the material aloud whenever possible, the more of your senses you employ the more effective your memory will be during the exam!

Step 4: You should be about 2 weeks from your Series 65 test date now. It’s time to take the sample exams. Go to a silent room, where you won't be disrupted, with a clean sheet of paper and pen. Grab a kitchen egg timer and set it for 3 hours and start taking a practice test. No cheating. You need an honest appraisal of what you know and don’t know. In the event you arrived at a question you’re unclear of attempt to remove some of the answers. What do you know about the question? Don’t take a long time. Make your best guess and write that question number upon your piece of paper. If you've time at the end, you can re-read those questions you had issues with. Often the answer is now perfectly clear.

Step 5: Grade your responses. For the questions you got incorrect or guessed at (even though you guessed correctly) make fresh 3 x 5 note cards for all those questions and review every one of your new note cards regularly. Take a least 24 hours off to review ALL of your note cards between sample test days. Repeat steps 4 & 5 until the day before the test.

Step 6: T-minus tomorrow! Nervous? Don’t be you have prepared well. The day before the test is very important. Don’t stay up too late studying. Eat an excellent meal for dinner and get plenty of restful sleep (a minimum of 6-8 hours). Also the morning of the exam, make sure you consume a high-quality meal, but don’t stuff yourself. You want that blood inside your brain, not your stomach! Get up a bit early and get to your test site about 30-45 minutes before your test. Bring your note cards and study them in your automobile before the exam. Then… Victory!!!

Other Helpful Series 65 Tips:
- Know the location of the exam center prior to the morning of. The very last thing you need is to get lost on the way to the series 65 exam.
- Bring ear plugs. Sometimes the centers are loud.
- Bring a minimum of two current forms of ID to the test center.
- Go slow. Study each question two times to protect yourself from any carless errors.
- Think positive. What if everything works out perfectly?

Best of luck. You’ll do really wonderful!



Tuesday, November 15, 2011

Series 65 Exam Facts

The Series 65 Exam, also referred to as the Uniform Investment Adviser Law Examination, by numerous states for investment professionals to legally provide investment advice to their clients. Individuals who successfully pass the examination can operate as an Investment Advisor Representative.

The test is administered through the Financial Industry Regulatory Authority (FINRA) and may be taken at various locations around the country. Unlike the Series 7 exam, it is not necessary to be sponsored by or employed by an affiliate firm or broker dealer.

Each Series 65 Exam, contains 140 questions, ten of which are pretest questions. To pass the Series 65 Exam you need to correctly answer 72% of the questions. The exam topics are wide ranging and wide-ranging and might include the Investment Advisers Act of 1940, Proxy Voting, Types of Investment Companies, Currency Transaction Reports, and the Securities Acts Amendments of 1975.

Each year lots of people aren't able to pass the Series 65 Exam on their first try. Therefore, you may be thinking that studying for the Series 65 Exam is really a complicated undertaking. However, with some strategy and some good Series 65 study materials, you will definitely pass with flying colors and with less studying than you believe!

Now that you know what the Series 65 Exam is all about why don't you start your successful study of the Series 65 today!