Hello there! Welcome to our insightful article on Series 63 study guide.
In this third article of our Series 63 study resources, you’ll find a free Series 63 study guide.
The study guide gives you links to the seven modules covered in the FINRA Series 63 exam.
By the of the article, you’ll have learned the strategies to make the most of the Series 63 study guide and pass the final exam.
In brief, here is what you’ll learn:
- Strategies to make the most of the Series 63 study guide
- How the Series 63 study guide can help you pass the final exam
Let’s get started.
Other free series 63 study materials:
- Series 63 exam prep
- Series 63 study plan
- Series 63 study guide
- Series 63 practice exams
- Series 63 flashcards
- Series 63 cheat sheet
- Series 63 Exam FAQ
- Best Series 63 study materials
The best way to prepare for any exam is to follow the guidelines set out for it.
NASSA does an excellent job in that regard and we’ve followed the Series 63 guideline that you will find here.
Module 1 | Definitions from the Uniform Securities Act
Module 2 | How the Uniform Securities Act regulates broker-dealers and the agents in their employment
Module 3 | How the Uniform Securities Act regulates Investment Advisers and their representatives
Module 4 | Securities registration, exemptions, and their issuers
Module 5 | Administrative provisions and remedies
Module 6 – Customer and prospects communication
Module 7 – Obligations and ethical practices
Strategies to Make the Most of the Series 63 Study Guide
On the surface, using the Series 63 study guide seems straightforward and easy.
While it should be, many securities exam test-takers, more often than not, miss the mark when using a study guide.
If you use the study guide in the wrong way, there is a high chance you won’t get much out of it.
So, how can you avoid this common pitfall and make the most of your study time using our free Series 63 study guide?
First, review the study guide for a general overview of the Series 63 exam content.
Check the list of chapters and what each covers.
It will be best to note down any concepts that pop out during your review session.
When done with the review, it’s time to study the individual chapters while making notes.
Don’t be wordy.
Only note down key concepts that will help you wrap your head around the exam content.
In case you come across concepts that are difficult to understand, let Google be your best friend.
Additionally, YouTube and authoritative blog posts on the Series 63 exam will help simplify complex concepts.
You can also use the Series 63 study guide together with other study resources like the Series 63 cheat sheet, practice tests, and flashcards.
When used with other study materials, you’ll better put concepts into perspective and learn how to apply the knowledge you’ve learned.
The Series 63 study guide can help you pass the exam on your first attempt if used effectively.
How the Series 63 Study Guide can Help You Pass the Final Exam
You may be wondering why you should use our Series 63 study guide in your exam preparation.
Here are several ways the study guide can help you grasp the Series 63 exam content.
The study guide allows you to manage what you are learning, as the information is highly organized.
Each chapter of the Series 63 exam content has its own guide.
We’ve elaborated the key concepts per chapter in detail, making them easy to read and understand.
The summaries allow you to digest information and manage your time effectively.
Your mind is less likely to go on autopilot, as the chapter details are well structured.
You can focus on one chapter only before moving to the next one.
The Series 63 study guide helps break down the exam content, making learning easier.
Further, reading the Series 6 exam prep course textbook can be dry and boring.
But a study guide boosts your motivation.
You can easily retrieve information and analyze and compare that info with other chapters.
Again, you can easily see connections between concepts and link ideas as you read along.
The Series 63 study guide is the best for putting concepts into perspective and reviewing the exam materials.
You’ll learn more within a shorter period, as a study guide is not as bulky as a textbook.
It also cuts through the noise and gives you the key points you should focus on when prepping for the final exam.
The Series 63 study guide is an excellent tool when it comes to exam preparation.
It consolidates all the crucial information about the exam.
And so, you can review the areas tested in the exam without combing through loads of information.
So, what are you waiting for?
Save yourself the headache and navigate the menu at the top to review the chapter you have difficulty with in the Series 63 exam.
We’ve also highlighted tips to ensure you make the most of the guide.
All the best as you prepare for this Financial Industry Regulatory Authority exam.
Series 63 Study Guide FAQs
How many questions are on the Series 63 exam?
The Series 63 exam has 65 multiple-choice questions. Five of these questions are pretests. They are not scored. That leaves you with 60 scored questions. Since the passing score is 72%, you must score at least 43 questions to pass this exam.
What is the Series 63 test?
Series 63, also known as the Uniform Securities Agent State Law Exam, is a NASAA examination administered by FINRA. The exam tests broker-dealer representative on state securities regulations as in the Uniform Securities Act. The exam also covers administrative provision, customer communication, ethical practices, and business obligation.
How hard is it to pass Series 63?
The Series 63 exam is moderately difficult. The exam pass rate varies by state. But research by Wall Street Journal reveals that the pass rate is 86% for first-time test takers. That doesn’t mean this licensing exam is a walk in the park. You must prepare adequately.
Why is Series 63 so hard?
The Series 63 exam difficulty is linked to the exam wording. The exam questions are tricky, and the exam structure is a bit difficult, which requires you to study the materials intently and review many practice exams. Again, the exam duration makes it even more challenging.
Who needs Series 63?
The Series 63 exam is a state requirement for most broker-dealers in the U.S. except those living in Florida, Colorado, Louisiana, New Jersey, Maryland, Ohio, the District of Columbia, Vermont, and Puerto Rico. With the Series 63 license, broker-dealers can sell securities in their states.
Do I need to study for Series 63?
Yes. To pass the first time, you must dedicate time to preparing for the test. You can purchase self-study packages to help with revision. The packages come with many Series 63 study materials, including a study plan, flashcards, a study guide, video lectures, and practice questions.
How long should you study for Series 63?
The exam prep time depends on your familiarity with the financial securities industry. Most test-takers take 30-40 hours to get ready for the exam. The prep time is often spread across ten days. So, dedicate 1-2 weeks. Please note that this is an approximation. The duration may vary.
What is the best Series 63 study material?
There are several Series 63 exam prep courses. The best in the market include:
– Kaplan financial education
– Pass Perfect
– Securities Training Corporation
– Securities Institute of America
The different providers offer different study tools depending on the package you settle for.
What are the best study tips for Series 63?
To pass this qualification exam, you must use your time effectively.
– Read your prep course textbook from back to back
– Review the Series 63 study guide and cheat sheet.
– Take notes when watching the video lectures
– Take full-length Series 63 practice exams and review the questions
Can I take the Series 63 test?
You can take the Series 63 exam, if:
– You have a Series 6 or Series 7 license or both. An SIE license is also a must since it’s a corequisite for the two FINRA Series exams.
– You live in the states where Series 63 is a requirement.
What is the passing score for Series 63?
The Series 63 exam has 65 multiple-choice questions. The passing score is 72%. That means to pass the exam, you must score 43 out of the 60 ranked questions correctly. You can pass on the first attempt if you commit to studying for the Series 63 exam.
What are the most common types of questions in Series 63?
There are 65 questions, where five questions are unscored. Here is the number of questions on each of the four topics.
– State securities acts and rules and regulations- 45%
– Ethical practices – 25%
– Customer communication -20%
– Administration provisions – 10%
What is a Series 63 study guide?
Series 63 study guide summarizes the licensing exam content and format. It summarizes the exam content in a concise manner. You can use it when you start your test prep to get an overview of the areas to be tested. It also comes in handy close to the exam.