Past performance does not guarantee future results or returns. Before making decisions with legal, tax, or accounting effects, you should consult appropriate professionals. Information is from sources deemed reliable on the date of publication, but Robinhood does not guarantee its accuracy. Attrition occurs when a company deliberately doesn’t replace workers who willingly left their jobs — typically in order to reduce staffing or reallocate resources. The other requirement that Series 6 applicants have to meet is to pass the Securities Industry Essentials (SIE) exam, which covers basic securities information.
In addition, before leaving the testing center, you will receive a print-out of your result. If you pass, that is the only data that will be listed on your score report. STC’s Flashcards are an innovative way to review all of the teaching objectives in an efficient manner. This online study tool provides you with the ability to test your comprehension of the exam content whenever and wherever you have internet access. Each exam may be taken either with or without the explanations displayed after each question.

Kaplan’s team of experts builds the content with a focus on the most recent rules and regulations. Units contain key topics and terms, multiple graphics, exercises, quizzes, and discussion questions to help you learn faster and remember important information as you prepare for your exam. The Series 6 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four major job functions of an investment company and variable contracts products representative. The table below lists the allocation of exam items for each major job function.
You need one minute and around 30 seconds to answer each question. The best schedule is 70/30, where you dedicate 70% of your time to studying, whether it’s online classes or studying the certification materials, and 30% towards breaks. The Series 6 and the Series 7 licenses are two of the most common financial licensing exams. Mometrix includes detailed answer explanations for each question. It may sound obvious, but you need to know which questions you missed and why you missed them. This helps you avoid making the same mistakes on the real test.
But the majority of course materials are self-paced, so you should be comfortable with teaching yourself. Kaplan does help you build a custom study schedule based on your study time frame and exam date, and you can pinpoint areas of weakness with the section quizzes. You’re responsible for keeping yourself on track, though, and making sure you’re focusing on the right topics. You can reach out to ExamFX’s trained instructors Monday through Saturday by phone or email. They’re there to answer any questions you have and give you advice on how to tackle certain questions.

A Comprehensive Series 6 Exam Overview

But before you can get started working with any kind of investment company, you’ll need to pass the Series 6 licensing exam from the Financial Industry Regulatory Authority (FINRA) first. The Series 6 goes deep into mutual funds and variable products which were introduced in the SIE. It includes more detailed information about communications and rules relating to these products.

There will be a proctor overseeing you and any other applicants for the duration of your test. The instructors at Securities Institute of America know from experience how tough it is to take the Series 6 exam. That’s how they were able to construct an efficient and effective test preparation strategy.

#2: Create a Study Plan

These courses are only available in select cities, so there may not be any in your area. Series 6 exam prep courses are available in three common formats. We’ve listed each of them below in order from least expensive to most expensive.
The exam covers the various job responsibilities that Series 6 licensees will have. The Series 6 license is one that allows someone to register with the Financial Industry Regulatory Authority to sell certain investment products. FINRA requires that you read, understand and electronically agree to remain compliant with the Rules of Conduct prior to beginning your scheduled exam.

The book value is found by taking all of the company’s tangible assets and subtracting all of its liabilities. To determine the book values per share, divide the total book value by the total number of outstanding common shares. Treasury stock is stock that has been sold to the investing public and then subsequently repurchased by the corporation. The corporation may elect to reissue the shares or it may retire the shares that it holds in treasury stock. Candidates who wish to take the Series 6 exam must also successfully complete the SIE exam to become fully registered. I like helping students as the memory of struggling through a class is still fresh with me.
The one place I varied from the study schedule was in the number
of times I took the Exam Simulator. I took the Exam Simulator Practice Test 36

Economic Fundamentals

times and monitored my Pass Probability. The book is very well written, it comes with plenty of good information, explains the material in a concise, understandable way, where the material makes sense and is very easy to comprehend. The material is well organized for quick access and review of areas I want or need to focus on. You can launch the examination up to 30 minutes before your scheduled appointment. You cannot leave the webcam’s view during your exam, use other monitors, or talk to anyone.

You must get 35 out of 50 scored questions right to pass the exam. Scan through the Series 6 study guide before you plan your study schedule. When you know what to study, you can better prepare for the exam. This exam is important for financial professionals interested in selling variable annuities, mutual funds, variable life insurance, municipal fund securities, and unit investment trusts (UITs). Most online training programs have self-study packages with video lectures, a question bank with dozens of quizzes, practice exams, and a study guide.
Since this prep book was written this way, there are a copious amount of practice questions. Our practice exams are carefully constructed to match what you’ll see on the actual Series 6, based on over a decade of training experience. Furthermore, our math-based questions are templatized so that you see different numbers each time, ensuring that you’re learning the underlying concept and not just the right answer. Learn from expert instructors with in-depth videos covering the major topics of the qualification exam. Our OnDemand class allows you to prepare at recommended times during your study program. You are given access to review classes at any time and as often as you like.
In Series 6 prep you can receive attention, instruction, and resources that can help you to get ready effectively. Series 6 test prep is focused on your needs, abilities, and goals. A live online course is best if you prefer the interactivity of a classroom environment, but you don’t live near an in-person course location. Our five finalists are listed below, along with the other Series 6 prep courses we didn’t choose.
When you consider what’s at stake with the exam, we believe the value of our study guide gives you at least ten times your money’s worth. Give structure to your class with these spiral-bound books that complement your instructor’s lessons. They highlight important exam topics and include the key points addressed in your classes.
Your license remains valid if you are employed by a member firm. If you are not employed by a member firm, your license expires two years after the date of departure. If you are getting more than one type of license, then head back to the study table for your next subject. Trust your intuition, unless you can prove that another choice is the correct answer. Penn State has a one page PDF with a great Approach to Multiple Choice Questions.
If you prefer having some means of instructor support, you should pay the extra to sign up for the virtual classroom review because the self-paced courses leave you on your own. The material is laid out clearly and the software constantly adjusts to give you a personalized study program. But if you do get stuck, none of that will replace having access to a live human who can explain the concepts to you. An easy-to-understand seven chapter print self-study manual based upon the FINRA Series 63 content outline.
Keep in mind, if you do take a break, the exam clock will not stop. When you come back from your break, you must sit at the desk at which you were originally sitting. The test center will provide a calculator and white board/dry erase marker to be used during the test. Bring a form of identification that includes your name, signature, and photo. There are various testing sites throughout the world, at which you can take the exam.
If you attempt to bring something into the proctoring room and are caught, you will be removed from the testing center and forfeit your testing fee. This may be more difficult now that you’re out of school, as not everyone is taking the same exam at the same time as you are. At the start of a topic, challenge yourself to write down everything you already know about a topic – and then highlight where the gaps lie. Closer to the exam, condense your revision notes into one-page diagrams.
In this 4-day intensive course, a Solomon content expert leads you step-by-step through the Series 6 concepts that are most valuable in helping you pass your exam. Designed
to work with the Solomon Series 6 Study Guide, the Solomon Series 6 Exam Simulator offers thousands of practice
questions so you can hone, track and assess your knowledge. Once you’ve read
the Study Guide, the Exam Simulator allows you to use and practice what you’ve learned.
Series 6 Test scores are used by the Financial Industry Regulatory Authority (FINRA) as a uniform standard of qualification. While it may not be fair, all of a person’s plans for the future may be dependent upon needing a certain Series 6 Test score. He did not look forward to having to tell them the embarrassing news, especially after he had boasted that it was no big deal. He had been procrastinating about taking the exam because he hated standardized tests, and this only confirmed his hatred.
If you leave your current employer, you’ll have five years to find a job at another FINRA-member firm. Just like a driver needs a license to operate a motor vehicle, a person in the financial industry has to have obtained their license to sell certain products. You will not be allowed to test if you arrive later than 30 minutes after your appointment start time and a seat is unavailable to accommodate your full testing time. You, or your firm, will be required to open and pay for a new enrollment before rescheduling your appointment. Please plan to arrive 30 minutes before your scheduled appointment to allow time for check-in procedures. You may be allowed to start your exam early if a seat is available.
Additionally, you can select “Mark for Review” for any question that you want to see again. Series 6 Exam Secrets Study Guide is our third best overall prep book on our list of the top prep guides to prepare for the Series 6 exam. Also, some of the question bank references are confusing, and although they are easy to understand, the long paragraphs make them hard to read through. It can be frustrating to be searching back and forth through the question bank and the paragraphs to find your answer.
Classes can be purchased as a standalone product or as part of a bundle that includes access to the online course materials. These include the on-demand video library, Kaplan’s License Exam Manual and the SecuritiesPro QBank. There are also several practice exams to help you track your progress as you proceed through the course.