FINRA
FINRA Series 6
Investment Company and Variable Contracts Products Representative Qualification Examination
A securities license that qualifies a representative to sell packaged investment products such as mutual funds and variable annuities and insurance. Together with the SIE exam, it is required to register in this representative role.
What's on the exam
FINRA Series 6 Content Outline
Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Records
50%Product features and suitability · Making recommendations · Account transfers and maintenance · Disclosures and communications · Recordkeeping requirements
Seeks Business for the Broker-Dealer from Customers and Potential Customers
24%Prospecting and communications with the public · Advertising and sales literature rules · Product knowledge for solicitation · Regulatory restrictions on outreach · Professional conduct standards
Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives
16%Account opening procedures · Customer identification and KYC · Financial profile and risk tolerance · Investment objectives · Required account documentation
Obtains and Verifies Customers' Purchase and Sales Instructions; Processes, Completes and Confirms Transactions
10%Order taking and verification · Trade processing · Settlement and confirmations · Payment and delivery · Error correction
Frequently asked questions
How much does the FINRA Series 6 cost?
The FINRA Series 6 costs $100. FINRA exam fee is $100; the co-requisite SIE exam carries a separate fee. Confirm current amounts on the FINRA fee schedule.
How long is the FINRA Series 6 and how many questions does it have?
50 scored multiple-choice items (plus 5 unscored pretest items; 55 total) — 1 hour 30 minutes.
What do you need to pass the FINRA Series 6?
70%.
Can you retake the FINRA Series 6?
After 30 days for the first two failures; 180 days after a third.
What is the best way to study for the FINRA Series 6?
Study the official blueprint, not random material: the exam is weighted by domain (Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Records 50%, Seeks Business for the Broker-Dealer from Customers and Potential Customers 24%, Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives 16%, Obtains and Verifies Customers' Purchase and Sales Instructions; Processes, Completes and Confirms Transactions 10%). Spaced-repetition flashcards built domain-by-domain against that blueprint are the most time-efficient way to cover everything the exam tests.
Program in development
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