FINRA Series 65 License
What is a FINRA Series 65 License?
The Series 65 license, also known as the Uniform Investment Adviser Law Examination, is a requirement for individuals aiming to act as investment advisers.
To obtain this certification, one must pass a comprehensive exam that assesses one’s understanding of financial planning, laws, regulations, and ethics. We consider this license crucial for professionals who provide broad financial advice to clients.
Holding a Series 65 license allows us to offer clients advice on securities and to manage their investment portfolios.
Unlike the Series 7 license, it does not allow for the buying or selling of securities, nor does it require sponsorship by a member firm. Therefore, it is often the choice for advisers who do not engage in securities transactions.
Here’s a brief look at the key areas covered by the Series 65 exam:
| Subject Area | Importance |
|---|---|
| Laws, Regulations, and Ethics | For ensuring compliance and ethical behavior in financial advice |
| Investment Vehicle Characteristics | Understanding the features of different types of investments |
| Client Investment Recommendations and Strategies | Creating suitable investment strategies for clients |
The exam covers a multitude of topics within these areas, and it is essential for us to be proficient in each one to provide reliable advice. As a team, we continue to educate ourselves to maintain our knowledge and stay current with evolving regulations and financial practices.