Indeed may be compensated by these employers, helping keep indeed free for jobseekers. The series 6 exam seeks to measure the degree to which each candidate possesses the knowledge, skills and abilities needed to perform the critical functions of an investment company and variable contracts. The series and class report provides basic identification information for all active registered investment company series and classes have been issued ids by the commission. Application before registering to take the series 6 exam, one must be sponsored by a finra member firm. Series 6 registered representatives are permitted to solicit, purchase, or sell mutual funds, closedend funds on the initial public offering only, variable annuities and life insurance if additional licensing.
In order to be registered with the series 6, an individual must also pass the securities industry essentials exam the sie exam. The series 6 investment company and variable contracts products representativesecurities license is a a license regulated by the financial industry regulatory authority finra. Investment company and variable contracts products. Sie series 6 exam details kaplan financial education. Series 6 exam investment companyvariable contracts. Securities brokers must be licensed by the financial industry regulatory authority to sell and discuss securities. The firm applies for candidates to take the examination by filing a uniform application for securities industry registration or transfer form u4. The series 6 limited securities representative license enables the holder to sell mutual funds, unit investment trusts and other packaged products. Licensing requirements for a finra series 6 license a series 6 license qualifies an individual to sell investment company securities, mutual funds, variable annuities, and variable life insurance products.
One of the keys to passing the series 6 exam is to make sure that you have a complete. The series 6 examofficially, the investment company and variable. The series 6 licenses a financial professional to sell a limited number of financial products. Series 6 exam prep training and study materials by examfx. The series 6 and 7 licenses are two such licenses granted by the regulatory authority. Here is an example of the series 6 online training materials you can find at. Redeemable securities of companies registered under the investment company act of 1940 mutual funds and unit. It allows its holders to sell packaged investment products such as mutual funds, variable annuities, and unit. Series 6 license financial definition of series 6 license. Series 6 exam investment company productsvariable contracts limited representative.
The series 6 and 63 licenses are often mentioned together because they are the two necessary licenses required to sell insurance policies tied to investments. The table below lists the allocation of exam questions for each main job function of an investment company and variable contracts products representative. Series 6 investment company and variable contract products. The series 6 top off examination is required for individuals who wish to sell only investment company shares and variable annuities. Individuals who pass the series 6 exam can solicit, buy, and sell. The series 6 license enables the holder to sell investment products such as mutual funds, variable annuities, and insurance premiums. This page focuses on the series 6 practice test, which will prepare you for the series 6 exam. Series 6 investment company and variable contracts products representative. It will assess common securities industry knowledge and general concepts and will focus on industry terminology, securities products, the.
The securities industry is complex and filled with enough jargon, terminology, rules, regulations and licenses to make your head spin. Securities industry professionals holding a series 6 license are registered as investment company and variable contracts product. How to get your series 6 license kaplan financial education. The series 7 is officially called the general securities representative.
Holders of the series 6 license are not considered. A complication of the series 7 and 66 licenses is that you can only maintain them in good standing for two years once youve left an investment firm. Investment advisors and private bankers may also take this exam. The series 6 is a securities license entitling the holder to register as a companys representative and sell mutual funds, variable annuities and insurance premiums. It would be nice if there were a workaround, but there.
Series 6 a license entitling the holder to buy and sell mutual funds, variable annuities, and some insurance products on behalf of clients. How to understand mutual funds on the series 6 exam and become an investment company representative. A general overview of finras series 6, 7, 63, 65 and 66. The series 6 representativelevel finra exam qualifies an individual to sell investment companies, including mutual. Series 6 chapter 5 investment company securities and. The series 6 license is known as the limited investment securities license. The series 6 tutor made sure he understood the material and was confident is the application of the information on the series 6 exam. These types of bonds are either issued by a shaky company or municipal government forced to offer high nominal yields, or.
The investment company and variable contracts representative qualification examination, or series 6 exam, was developed by the financial industry regulatory authority finra. Investment securities are securities tradable financial assets, such as equities or fixed income instruments, which are purchased in order to be held for investment. Series 6 investment company and variable contract products representation qualification exam. Series 6 investment company and variable contracts products. The series 6 license is known as the limitedinvestment securities license. Investment company securities and variable contracts.
The series 6 and the series 7 licenses are two of the most common financial licensing exams. Finra series 6 securities licensing exam prep nrs fire. This type of registration is accepted only by finra investment. While any securities professional can benefit from having a series 6 license, this is a license specifically tailored for insurance professionals. New candidates are required to pass the securities industry essential sie exam along with a series 6 exam to obtain the investment company and variable.
The series 6 license, known as the investment companyvariable contracts. How to get a series 6 license series 6 exam info kaplan. Before investing, make sure to verify the license of the individual selling the investment and make sure the investment itself is registered to be sold in washington. What are the series 6 and 63 securities licenses staterequirement. Securities exchange act of 1934 definitions and application, registration. The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions. Series 6 investment company and variable contracts. The series 6 securities sales license is known more formally by finra as the limitedinvestment securities license. Product information about investment company securities and variable contracts. The candidate took the series 6 exam on monday morning and. Pass perfect is a leading developer of targeted, effective training programs for the securities licensing exams. The series 6 exam the investment company and variable contracts products representative qualification examination ir assesses the competency of an entrylevel representative to perform their job as an investment company and variable contracts products representative. Kaplan financial educations securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the finra. Uniform combined state law examination 3 a waiver may be granted on the basis of knowledge.
The series 6 exam is designed to assess the competency of entrylevel investment company and variable contracts products representatives. Location the series 6 exam is administered at prometric. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The series 6 license, known as the investment companyvariable contracts products limited representative license, allows you to register as a limited representative with finra.
Series 6 securities markets, investment securities, and. The series 66 examination and license combines two separate licenses into a single examination and licensing process. Our level of experience and expertise is unmatched. The different types of securities licenses, including the series 6 and. Series 6 exam investment companyvariable contracts products. New candidates will be required to pass the securities industry essential sie exam along with a series 6 exam to obtain the investment company and variable.
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