What Can You Do with a Series 66 License?

🟦 What Can You Do with a Series 66 License?

The Series 66 license, also known as the Uniform Combined State Law Exam, is a crucial certification for professionals looking to work in the investment advisory and securities industries. It is commonly held in combination with the Series 7 license and qualifies individuals to act as both a Registered Investment Adviser Representative (IAR) and a securities agent.

Here’s an overview of what you can do with a Series 66 license:

🎯 Key Roles and Responsibilities with a Series 66 License

1. Provide Investment Advice

With a Series 66 license, you are qualified to provide investment advisory services to clients. This includes offering personalized financial planning, asset management, and portfolio recommendations based on clients’ financial goals, risk tolerance, and investment objectives.

2. Manage Client Portfolios

You can help clients build, manage, and optimize their investment portfolios, ensuring that the asset allocation aligns with their long-term goals. This may involve:

• Choosing individual securities, including stocks, bonds, and mutual funds
• Monitoring portfolios to ensure they remain aligned with clients’ risk profiles and objectives
• Rebalancing portfolios periodically based on market conditions and client preferences

3. Sell Investment Products

In combination with the Series 7 license, the Series 66 allows you to sell a broad range of securities products, including:

• Stocks
• Bonds
• Mutual funds
• ETFs (Exchange-Traded Funds)
• Options
• Municipal securities

4. Work as a Financial Advisor

The Series 66 license qualifies you to act as a financial advisor or wealth manager, offering financial planning, retirement advice, and tax strategies to individuals and businesses. You can help clients make informed decisions about:

• Retirement planning (IRAs, 401(k)s, etc.)
• Tax-advantaged investments
• College savings plans
• Estate planning

5. Operate Under a Registered Investment Adviser (RIA)

With a Series 66 license, you can work for an RIA firm or even establish your own firm. As an IAR, you’ll be responsible for providing ongoing financial advice and fiduciary services to clients.

6. Comply with State and Federal Regulations

The Series 66 also qualifies you to comply with state securities laws and regulations as they apply to the securities and investment advisory activities you engage in. This includes:

• Maintaining accurate records
• Following ethical standards
• Adhering to disclosure requirements

💼 Career Paths with a Series 66 License

A Series 66 license can open doors to a variety of career paths in the financial services industry, including:

• Financial Advisor
• Investment Consultant
• Wealth Manager
• Portfolio Manager
• Registered Investment Adviser Representative
• Securities Agent
• Financial Planner

The Series 66 allows you to act as both an investment adviser and a securities agent, making it a valuable license for those who want to provide comprehensive financial services.

📝 How to Obtain the Series 66 License

To earn the Series 66 license, you must:

1. Pass the Series 66 exam: It tests your knowledge of investment products, regulations, and ethics.
2. Meet the prerequisite: You must also hold a Series 7 license, as the Series 66 exam is designed to complement it.

🎓 Start Your Journey Today

If you’re looking to expand your financial career and provide a full spectrum of investment advice, the Series 66 license is your ticket. Start your preparation today with expert-led courses and practice exams to ensure success!

👉 Prepare with confidence at FINRA Exam Mastery and take the first step toward becoming a qualified investment professional!