How to Use This Study Guide

This comprehensive guide is designed to help you prepare for and pass the Series 65 exam on your first attempt.

Study Approach

Recommended Study Order

We recommend studying the chapters in order, as concepts build upon each other:

1. Start with economic fundamentals - Understand the big picture
2. Master investment vehicles - Know product characteristics
3. Learn client strategies - Apply knowledge to recommendations
4. Finish with laws and regulations - The heavily tested section

Time Investment

Focus on High-Weight Sections (60% of Exam)

The majority of the exam tests:

• Client Investment Recommendations (30%) - Suitability, portfolio theory, retirement planning
• Laws, Regulations & Guidelines (30%) - Registration requirements, fiduciary duties, ethics

Study Tip: Spend significant time on Sections III and IV, as they comprise 60% of the exam. Understanding fiduciary obligations and prohibited practices is crucial.

Using Quiz Questions

Each section includes quiz questions to test your understanding. For best results:

• Don't peek at answers - Try to answer before checking
• Read explanations - Even for questions you got right
• Note weak areas - Return to topics you struggle with
• Simulate exam conditions - Time yourself on practice tests

Key Areas to Master

Based on exam weighting and difficulty, prioritize these topics:

High Priority (Most Tested)

• Fiduciary obligations and duties
• Investment adviser registration requirements
• Prohibited and unethical practices
• Portfolio management concepts
• Retirement plan rules

Moderate Priority

• Bond and equity characteristics
• Mutual fund share classes
• Economic indicators
• Risk types and measurements

Lower Priority (Fewer Questions)

• Cash equivalents
• Alternative investments
• Specific calculation formulas

Key Differences from Series 7

If you've studied for the Series 7, note these differences:

Good luck with your Series 65 preparation!