What Topics Are on the Series 65 Exam?

📘 What Topics Are on the Series 65 Exam?

The Series 65 Exam—also called the Uniform Investment Adviser Law Examination—tests the knowledge needed to act as an Investment Adviser Representative (IAR). It includes a wide range of topics that assess your ability to provide investment advice, analyze portfolios, and comply with regulations.

🧠 Exam Structure Overview

• 📝 130 multiple-choice questions
• ⏱️ 180 minutes (3 hours)
• ✅ Passing score: 72% (94 correct answers)
• ❌ No sponsorship required

📚 Main Content Areas

| 2 | Investment Vehicle Characteristics | 25% |
💼 Stocks, bonds, mutual funds
🏦 REITs, ETFs, derivatives, limited partnerships
📉 Risk, returns, tax treatment
⚖️ Annuities, insurance, alternative investments

| 3 | Client Investment Recommendations and Strategies | 30% |
📋 Suitability and portfolio planning
🔍 Investment policy statements
📈 Modern portfolio theory, asset allocation
📊 Time horizon, risk tolerance, diversification

| 4 | Laws, Regulations, and Guidelines | 30% |
📜 Uniform Securities Act (USA)
🧾 SEC rules and state registration
💰 Fiduciary duty, ethical business practices
🚫 Prohibited conduct, anti-fraud provisions

💼 What You’ll Be Expected to Do

• Analyze economic data and apply it to financial planning
• Recommend suitable investment strategies
• Understand and compare different types of securities
• Apply ethical standards and fiduciary obligations
• Navigate federal and state securities regulations

🧭 Key Focus Areas

• 📈 Investment theory and market behavior
• 💼 Risk profiling and client suitability
• 📜 Legal guidelines under the USA and SEC rules
• 🧾 Advisers Act of 1940 and related fiduciary standards

🚀 Ready to Ace the Series 65?

Get access to detailed lessons, practice exams, and expert guidance to master all 4 content domains at
👉 https://finra-exam-mastery.com/
Pass the Series 65 and start your journey as a licensed investment adviser.