AVAILABLE COURSES - Series 63

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Series 63
		SERIES 63 STUDY MANUAL 167 page exam specific study manual with 325 practice questions and explanations!  This is a hard copy Study Manual product and will ship UPS.  Click here to view a sample section	$39.00
		SERIES 63 AUDIO CD 205 exam specific Key Facts totaling 40 minutes on Audio CD!	$25.00
		SERIES 63 EXAM SIMULATION CD-ROM 150 exam specific questions with explanations simulating your Blue Sky Exam! This disk is NOT Mac compatible! Click here to view a demo	$25.00
		SERIES 63 DEFINITIONS DVD 45 minutes of teacher led Uniform Securities Act definitions instruction on DVD! This disk is NOT Mac compatible!	$25.00
		SERIES 63 COMPLETE PACKAGE COURSE WITH FREE $25 DVD Includes all four! Series 63 Exam specific study manual with hundreds of fully explained practice questions, Audio CD with hundreds of Key Facts, our CD-Rom with hundreds of questions simulating your NASAA exam, and a free DVD with 45 minutes of Uniform Securities Act definitions instruction!	$89.00
Total:

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Series 63 EXAM INFORMATION

Series 63 Exam Information & Overview (Uniform Securities Act)

The Series 63 Exam (Uniform Securities Agent State Law Examination) was developed by the North American Securities Administrators Association (NASAA) in cooperation with representatives of the securities industry and industry associations. The examination, called the Series 63 exam, is designed to qualify candidates as securities agents. The examination covers the principles of state securities regulation reflected in the Uniform Securities Act (with the amendments adopted by NASAA and rules prohibiting dishonest and unethical business practices). The examination is intended to provide a basis for state securities administrators to determine an applicant's knowledge and understanding of state law and regulations.

Why would you need to take the Series 63 exam?

Some states require that individuals obtaining either a Series 6 or Series 7 license also obtain a Series 63 license by passing the Series 63 exam. The Series 63 exam is based on the Uniform Securities Act. The Uniform Securities Act contains state securities laws. The Series 6 and Series 7 exams contain content based on federal securities laws while the Series 63 exam is based on the state securities laws (Uniform Securities Act) which are in some cases different than federal regulations. Although the Series 63 exam is based on state securities laws (which may be a little different from state to state) the Series 63 exam is exactly the same in all states.

Series 63 Exam Specifics:

Number of questions: 65
Time limit: 80 minutes
Passing score: 70%
Exam administration: Computerized/multiple choice
Exam fee: $82
Co-requisite: Series 63 or Series 7 license
Exam locations: You can schedule to take your Series 63 test with either Prometric (www.prometric.com) or Pearson VUE (www.pearsonvue.com)
Exam dates: The Series 63 exam is administered Monday through Friday

Common Series 63 Exam Candidate Frequently Asked Questions:

Who writes the Series 63 exam?

As mentioned above the Series 63 exam questions are written by the North American Securities Administrators Association. For this reason the Series 63 exam has a much different feel than either the Series 6 or Series 7 exams which are written and administered by FINRA (Financial Industry Regulatory Authority - formerly NASD). The Series 63 exam is administered by FINRA under contract of the NASAA.

Series 63 exam content breakdown:

Does your state require the Series 63 exam?

Not all states require the Series 63 license. Generally, your company will not require you take the Series 63 exam if your state does not require the license. However, sometimes your company will have you obtain your Series 63 license even though your state does not require it. This is usually the case when you are going to be selling in multiple states.

Should you take the Series 63, Series 65 or Series 66 exam?

This is a very common question as these exams are all very similar and share a lot of content. If required in their state, most registered representatives who obtain the Series 6 license also obtain the Series 63 license. Passing the Series 63 exam will activate your Series 6 license and allow you to charge a commission for the sale of Mutual Fund shares in the primary market and variable insurance products, including annuities.

If a licensed Series 6 and Series 63 registered representative also wants to charge a fee for investment advice in addition to a commission for a sale they would then need to take and pass the Series 65 exam (Investment Advisor exam). Any individual can take the Series 65 exam. There is no co-requisite licensing requirement. However, if you only obtain a Series 65 license you will be unable to sell securities and charge a commission on the sale. This license will only allow you to charge a fee related to investment advice.

The Series 66 exam can only be taken by an individual who either has a Series 7 license or plans on obtaining a Series 7 license. The Series 66 license covers the same content as the above mentioned Series 63 and Series 65 exams. The Series 66 license will allow a Series 7 licensed registered representative to charge a commission on securities sales and also a fee for investment advice rendered. If a Series 7 licensed registered representative obtains the Series 66 license they are not required to take either the Series 63 or Series 65 exam. However, if a Series 7 licensed registered representative already has a Series 63 license they have the option to either take the Series 65 or Series 66 exam to become an investment advisor.

What do the question on the Series 63 exam look like?

Here are two Series 63 exam questions that come from our materials that are very similar to the formatting and content of the questions on the real exam:

1. Under the USA, which of the following would NOT be excluded from the definition of an Investment Advisor:
   
   
   1. Investment Advisor Representatives (IAR)
   2. Federal covered Investment Advisors
   3. Lawyers, accountants, teachers and engineers who investment advisory services are solely incidental to their professional practices
   4. Broker/dealers who receive separate compensation for offering advice
   
   
2. Under the USA, which of the following new securities are considered to be non-exempt:
   
   
   1. Stock of a public utility
   2. Stock of a bank holding company
   3. Preferred stock or bonds of a company listed on the NYSE
   4. Commercial paper that matures within 9 months that is issued in denominations of at least $50,000 and is rated in one of the 3 highest rating categories

Answers and explanations to the above questions as found in our comprehensive Series 63 exam prep online and print materials as follows:

1.    D    Don't confuse an IA firm with an IAR, who works for the firm. They are two separate categories of registration. Lawyers, accountants, teachers and engineers are excluded from the definition as long as their advisory services are solely incidental to their professional practices. However, broker/dealer firms who charge a separate fee for their advisory advice must register as IA firms. Federal covered advisors must register with the SEC, not the state.
2.    B    Although stock of a bank is considered to be exempt, stock of a bank holding company is non-exempt. A bank holding company is a large corporation that holds the controlling interests in several banks.

FREE SERIES 63 EXAM TEST PASSING TIPS/TRICKS

The Series 63 testing tips below have been compiled by our NASAA Series 63 instructors which have over 35 years of Series 63 exam training experience and are provided for FREE to anyone taking the Series 63 exam as a thank you for visiting our site. Please make sure to tell anyone you know about our site so they too can view these Series 63 exam study tips prior to taking their Series 63 test.

How to prepare for the Series 63 Exam:

Your preparation for the Series 63 exam is crucial. You cannot simply attend a lecture class or read a book and pass the Series 63 test. You MUST understand the concepts the Series 63 exam is based upon.

How you know who has the best Series 63 exam prep course?

The best way to find out who has the most exam specific Series 63 study course is to check the provider's student feedback. You can view ours by clicking our testimonials link at the top of the page. If a company does NOT have testimonials from students who have taken the Series 63 test recently and passed, how can you be certain you will? We have trained thousands of individuals to pass the Series 63 test since it was created. Our online Series 63 exam course has everything that you need to pass your exam on your first attempt including over 3½ hours of Series 63 exam specific video lecture.

How to know you are ready for the Series 63 exam?

You should be able to pass all the exams included in your Series 63 study materials until you can score a minimum of 90% or better, understanding why the correct answer is correct, and the incorrect answers are incorrect.

Click here to print 25 of the best Series 63 practice exam questions that we have to offer for FREE

The questions above are included in our full Series 63 online course. Our full online video Series 63 study course actually includes over 400 practice exam questions with answers and explanations.

DO NOT memorize the questions included in your Series 63 study materials!

Why? The questions on the real exam will be different. It doesn't matter whose materials you are using to study for the Series 63 test. The company that creates the questions on the real Series 63 exam has thousands of questions in their database that they pull from to create your Series 63 test for you on the spot. Memorizing the Series 63 questions in your Series 63 exam study material is a sure fire way to fail the exam.

What to do the night before your Series 63 test:

DO NOT stay up all night cramming. This may have worked in college but it will not work now. Why? Let's face it. Most of us taking this exam are NOT fresh out of college. When was the last time you stayed up until 4 in the morning? Shocking your body is not a smart thing to do the night before what could be the biggest test of your life. You must be rested the day of your Series 63 exam. Get a good nights sleep and make sure to eat a good breakfast the morning of your test.

What to do on the day of your Series 63 exam:

Get to the test center early. There is nothing worse than encountering a traffic jam on the way to your test and getting stressed out about making it on time. You will have to arrive early as you will want to sit in your car at the test center and read the Key Facts that were provided in our online video course three times prior to going in to take the test. This is one of the most important steps in preparing to obtain your Series 63 license. Why? It is imperative that you load your memory of the concepts you will be asked about on the Series 63 test just prior to taking it. This way, all of the most important information is fresh in your mind when you go into the exam. Our Series 63 online course includes hundreds of Key Facts that are very Series 63 exam specific.

Click here to print FREE Series 63 Exam Key Facts to take with you to your test

The Key Facts above come from our online course. Of course, if you would like the full copy you can register for our Series 63 Online Video course to access them.

How you should take the Series 63 exam?

The most important tip we can give you is to READ THE QUESTION! This most likely sounds pretty stupid. However, I would imagine as you have studied for the Series 63 test you have missed many questions simply because you did not read them correctly. Read the question twice before even looking at the answers, then read every answer before picking which one you think is correct. Answer A may look good, but answer D may be better.

NEVER pick an answer you have not heard of. They will make words up on the Series 63 exam that do not even exist. If it has not been covered in our Series 63 online video exam prep course, it is not a correct answer on the exam.

Only mark those questions for review you really don't know the answer to, or you have narrowed it down to two possible correct answers. DO NOT review the full exam once you have completed it. In our experience if you review the full exam you may get confused and start changing answers. Your first selection is your best. Only review those questions you have marked for review.

Here are the SECRETS to passing the Series 63 exam:

The following Series 63 secrets will teach you how to attack the most difficult Series 63 exam question formats. The two following sample Series 63 exam question formats are presented directly from our Series 63 online video course:

Question format #1 - The double negative EXCEPT question

Under the Uniform Securities Act, registration requirements for agents may include all of the following, EXCEPT:

1. A Consent to Service of Process
2. Minimum net capital
3. An examination
4. Surety bonding

How to attack this question: These EXCEPT questions are very difficult for your brain to interpret. Here is why. You have never encountered exam questions in your entire testing lifetime that were worded this way. For example, if the above question was on a test you took back in school it would be worded the following way:

Under the Uniform Securities Act, registration requirements for agents do NOT require:

However, on the Series 63 exam most of the questions are not straight forward and are written in a format that is very confusing. The most important word in the question above is EXCEPT. When you see the word EXCEPT it means the correct answer to the question is actually the opposite of what the question is stating.

Remember that you must READ THE QUESTION at least twice to determine what the question is asking prior to looking at the answers. So, which of those answers listed is NOT a requirement for registration as an agent under state law (Uniform Securities Act)? The correct answer is B since minimum net capital may be required of broker/dealers and investment advisers, but not agents.

These questions are great because they give you three true statements that may help you answer another question within the Series 63 exam (answers A, C and D).

Question Format #2 - The dreaded roman numeral question

With regard to the Investment Advisers Act of 1940, which of the following persons does not have to register as an investment adviser?

1. A Broker/dealer who gives advice and charges a specific fee for that advice
2. Agent of a broker/dealer who gives investment advice within the course of his or her duties and charges a fee for that advice
3. Broker/dealer who gives investment advice that is incidental to the course of his or her business
4. Attorney who writes a legal opinion of counsel for a municipal bond

1. I, II and IV
2. III only
3. III and IV
4. All of the above

How to attack this question: When you encounter this question write down the roman numerals and answers on your scratch paper then read through the first roman numeral response and determine if it will be in the correct answer or not.

On your scratch paper after you read through response I above you would write no since response I will not be in the answer (A B/D that charges a separate fee for giving investment would have to register as an IA). Then you can look at the answers. LOOK AT THE ANSWERS ABOVE. Since answer A and D both have roman numeral I in it you already know they are not the correct answers. You can now eliminate answers A and D as the correct answer. You have now significantly increased your chances of getting the answer correct. You can now move on to roman numeral IV since the only answers left (B and C) both include roman numeral III. Is roman numeral IV going to be in the correct answer? Yes (attorneys whose performance of services is solely incidental to the practice of their profession are exempt from the definition of investment adviser). Knowing this rules out answer B since you now know III & IV are both going to be in the correct answer and answer B only lists III. There you have it! THE CORRECT ANSWER HAS TO BE C!!

Once you have mastered the Series 63 exam question techniques outlined above you will significantly increase your chances of passing the exam the first time and obtaining your Series 63 license.

They will provide you everything you need at the test center

They will provide you a calculator, scratch paper and pencil. You do not need to bring any of theses items with you. You cannot take a programmable calculator into the Series 63 test.

Why are we providing you this information for FREE? We want you to pass your Series 63 exam on your first attempt. In fact, we will do whatever we can to assist you in passing your exam short of taking it for you! There should be absolutely no reason for you to fail the Series 63 test. We are confident if you employ the information provided above you will find success on your Series 63 exam and obtain your Series 63 license. You may know others within your organization that will be taking the Series 63 exam as well. Please share our site them. Thank you for visiting our site and good luck with your exam!!