CertLaunchNationalSecurities Exam PrepNASAA Series 65 Uniform Investment Adviser Law Examination

Series 65 Exam Prep Providers Compared

Compare providers, public package-detail verification, study support, and exam fit before you buy.

Compare Series 65 exam prep options for investment adviser representative candidates while keeping NASAA exam facts, FINRA enrollment, and state-registration caveats clear.

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Achievable
Adaptive self-paced with practice questions
1 year access
6 packages
$79.00
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$79.00
no discount
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4
Securities Institute of America
Self-paced with video, textbook, and practice exams
Varies by product access
6 packages
$85.00
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$85.00
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5
Pass Perfect
Self-paced, mastery-based, with live review options
Varies by package access
6 packages
$99.00
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$99.00
no discount
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6
STC
Self-paced, virtual class, and live options
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6 packages
$103.00
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$103.00
no discount
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7
Knopman Marks
Premium guided prep with live and OnDemand options
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6 packages
$200.00
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$200.00
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More securities exam paths

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Use these live CertLaunch securities pages to move from the hub to the specific SIE, Series, advisor, broker, or insurance-plus-securities path you need.

Series 65 official exam facts

The Series 65 is NASAA's Uniform Investment Adviser Law Examination, which tests investment adviser representative competency under state law. It is administered through FINRA channels but is not a FINRA representative top-off exam like the Series 6 or Series 7, and it does not require firm sponsorship to sit.

Passing the Series 65 may satisfy only part of a state IAR registration requirement and does not by itself authorize advisory business before the state grants the required license or registration.

  • Format: 130 scored questions (140 total, including 10 unscored pretest questions).
  • Time and score: 180 minutes; at least 92 of the 130 scored questions correct to pass.
  • NASAA exam fee: $187.
  • Eligibility: no firm sponsorship or prerequisite exam is required to sit.
  • Topic weights: economics and business 15%, investment vehicles 25%, client recommendations and strategies 30%, laws/regulations/ethics 30%.

How to choose Series 65 exam prep

Start with your state and role path. The Series 65 is commonly used for investment adviser representative qualification, but exact requirements can vary by state, firm, role, exemption, or professional designation.

Because the Series 65 is long and heavy on laws, regulations, and adviser concepts, prioritize strong explanations, deep practice-question banks, and a clear study calendar over lowest price. Two providers include CertLaunch partner pricing — Kaplan (20% off) and ExamFX / Training Consultants (30% off with code Cert30); the others are shown at standard public prices.

What students say about the Series 65

General peer insight, not a promise of any individual result:

  • The Series 65 is widely described as the most demanding of the three NASAA exams — it is the longest and covers the most ground, especially laws, regulations, and adviser concepts.
  • Because no sponsor is required, career changers often take it on their own; study loads commonly range from roughly 50 hours for those with a finance background to 80 to 100 hours for newcomers.
  • The exam leans on application and judgment (suitability, ethics, adviser duties), so realistic practice questions with worked explanations tend to matter most.

Series 65 vs Series 66 and representative exams

The Series 65 is separate from FINRA representative exams such as the Series 6 and Series 7. Do not treat it as a top-off representative exam or as proof that advisory business can begin before registration is complete.

The Series 66 is also a separate NASAA exam — a combined state-law exam used with the Series 7 — while the Series 65 is the standalone Uniform Investment Adviser Law Examination. Confirm which exam path your state, role, and firm require.

Official sources

Use NASAA's exam pages and the Series 65 content outline for exam scope, and confirm enrollment (firm-filed Form U4 or individual FINRA enrollment) and state registration steps with your firm or regulator. NASAA and FINRA do not endorse CertLaunch or any prep provider.

Securities course discounts

Two CertLaunch partners offer securities exam-prep discounts you can use right now. Each provider controls final eligibility and checkout price, so verify the total before paying:

Related securities guides

These CertLaunch guides help you plan your exam path:

FINRA study-material caveat

FINRA publishes the official SIE content outline but does not endorse study materials from any particular vendor.

How securities exam prep provider comparison works

Securities exam prep is a national provider market. The key decision is not a state-approved school list; it is which exam sequence, study format, support level, and public provider information fits the candidate.

SIE is commonly the starting point for new candidates. Series 6 and Series 7 are FINRA top-off exams and generally require firm association. Series 63, Series 65, and Series 66 are NASAA uniform exams tied to broker-dealer agent or investment adviser representative paths.

Choose the right securities exam prep package

Match difficulty to support level

Budget self-paced prep can be enough for SIE or Series 63 if the candidate studies consistently. Series 7, Series 65, and Series 66 often justify deeper QBank access, video instruction, live class support, or a premium provider.

Review sponsorship timing before paying

SIE does not require firm sponsorship. Series 6 and Series 7 generally require a member-firm or SRO association. NASAA Series 63, 65, and 66 are uniform state-law/adviser exams, but registration requirements still depend on the role and regulator path.

Frequently asked questions

The Series 65 is NASAA's Uniform Investment Adviser Law Examination. It tests investment adviser representative competency under state law.
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