NASAA Series 66 study guide
NASAA Series 66, administered by NASAA owns the Series 66 content outline and the Uniform Securities Act (model act), is mapped here as 4 topic areas; the heaviest are Laws, Regulations & Ethics (45%), Recommendations & Strategies (30%) and Investment Vehicles (17%).
About this course: Original NASAA Series 66 practice questions, recorded lessons, memory hooks and explained answers. Start with the free introductory modules.
NASAA Series 66 at a glance
- Questions
- 100
- Time allowed
- 150 minutes
- Passing standard
- NASAA Series 66
- Format
- 110 items (100 scored + 10 unscored pretest, blended), multiple choice
- Standard / edition
- Current NASAA Series 66 Test Specifications (weighting 8/17/30/45; a legacy 5/20/30/45 outline is superseded — the live-PDF re-pin is isolated to updatable[])
- Administered by
- NASAA owns the Series 66 content outline and the Uniform Securities Act (model act)
Source: Current NASAA Series 66 Test Specifications (weighting 8/17/30/45; a legacy 5/20/30/45 outline is superseded — the live-PDF re-pin is isolated to updatable[]), NASAA owns the Series 66 content outline and the Uniform Securities Act (model act). Confirm current details with the exam owner before you book.
Topic areas and weights
| Topic area | Weight | Concepts | Guide |
|---|---|---|---|
| Laws, Regulations & Ethics | 45% | 19 | Topic page |
| Recommendations & Strategies | 30% | 3 | Section below |
| Investment Vehicles | 17% | 1 | Section below |
| Economic Factors | 8% | 3 | Section below |
Topic guides at a glance
Laws, Regulations & Ethics
45% of the course blueprint, 19 concepts. Emphasized: Which AUM threshold requires SEC registration for an IA?, What is the $90M–$110M buffer zone for IA registration? and When must Part 2A brochure be delivered to clients?.
Study plan in this course
- USA Definitions & Registration Essentials: Who's Who: USA Definitions & Registration — 9 cards · free
- IA Registration & Fiduciary Duty: SEC vs State: SEC vs State: IA Registration & the Fiduciary Standard — 8 cards · free
- Prohibited & Unethical Practices: Series 66 Ethics: Prohibited & Unethical Business Practices — 8 cards · full course
- Securities Registration & Exemptions Bootcamp: Securities: Registration & Exemptions — 7 cards · full course
- Administrator: Powers & Remedies: The Administrator: Powers & Remedies — 6 cards · full course
- Suitability & Modern Portfolio Theory: Suitability, Client Profiling & Modern Portfolio Theory — 9 cards · full course
- Performance, Returns & Taxation — 8 cards · full course
- Investment Vehicle Characteristics — Series 66: Investment Vehicle Characteristics — 8 cards · full course
- Economic Factors: Cycles, Policy & Markets: Economic Factors & Business Information — 6 cards · full course
Recommendations & Strategies
Recommendations & Strategies carries 30% of the NASAA Series 66 blueprint used in this course, the second-largest of its 4 weighted areas. It spans 3 concepts. The course teaches it in 2 study units: Suitability, Client Profiling & Modern Portfolio Theory and Performance, Returns & Taxation.
What Recommendations & Strategies covers
- How do correlation, CAPM, and the efficient frontier relate? — Standard investment-theory references
- Compare strategic vs. tactical allocation and explain dollar-cost averaging. — Standard investment-theory references
- Compare Traditional IRA/401 vs. Roth; when do RMDs start? — Standard investment-theory references
Official references for Recommendations & Strategies
- Standard investment-theory references
In the app this area comes with 17 memory cards and 30 module-quiz questions in the full course.
Investment Vehicles
Investment Vehicles carries 17% of the NASAA Series 66 blueprint used in this course, the third-largest of its 4 weighted areas. It spans 1 concept. The course teaches it in 1 study unit: Investment Vehicle Characteristics.
What Investment Vehicles covers
- What distinguishes call vs. put options and variable vs. fixed annuities? — Standard investment-theory references
Official references for Investment Vehicles
- Standard investment-theory references
In the app this area comes with 8 memory cards and 17 module-quiz questions in the full course.
Economic Factors
Economic Factors carries 8% of the NASAA Series 66 blueprint used in this course, the 4th-largest of its 4 weighted areas. It spans 3 concepts. The course teaches it in 1 study unit: Economic Factors & Business Information.
What Economic Factors covers
- What are the Federal Reserve's three monetary policy tools? — Standard investment-theory references
- Name two leading, two coincident, and two lagging economic indicators. — Standard investment-theory references
- How does a strong dollar affect US exporters and purchasing power? — Standard investment-theory references
Official references for Economic Factors
- Standard investment-theory references
In the app this area comes with 6 memory cards and 8 module-quiz questions in the full course.
Official references
- Uniform Securities Act + NASAA Series 66 Test Specifications / content outline + NASAA Statements of Policy on unethical practices
- Investment Advisers Act of 1940 + Securities Act of 1933 / Securities Exchange Act of 1934 + SEC rules, incl. Reg BI and the SEC Marketing Rule
- Uniform Securities Act
- NASAA Series 66 Test Specifications / content outline + NASAA Statements of Policy on unethical practices
- Investment Advisers Act of 1940 + SEC rules
- Securities Act of 1933 + Securities Exchange Act of 1934 + Reg BI
- Internal Revenue Code / IRS annual figures
- Standard investment-theory references