474+ Free Series 66 Practice Questions
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Key Facts: Series 66 Exam
70-75%
First-Time Pass Rate
Industry estimate
73%
Passing Score
73/100 questions
40-60 hrs
Study Time
Recommended
45%
Laws & Regulations
Largest section
$177
Exam Fee
NASAA
2h 30m
Exam Duration
NASAA
The Series 66 exam has an estimated 70-75% first-time pass rate. It requires 73% (73/100 questions) to pass in 2.5 hours. The 'Laws & Regulations' section accounts for 45% of the exam—more than any other NASAA exam. Plan for 40-60 hours of study over 3-5 weeks. The Series 66 is the most efficient path for Series 7 holders who need both agent and adviser registration.
About the Series 66 Exam
Combines Series 63 and Series 65 requirements for securities professionals who need both state agent and investment adviser registration. Requires Series 7 as a prerequisite.
Questions
100 scored questions
Time Limit
2 hours 30 minutes
Passing Score
73%
Exam Fee
$177 (NASAA)
Series 66 Exam Content Outline
Economic Factors and Business Information
Economic indicators and business analysis
Investment Vehicle Characteristics
Securities types and their characteristics
Client Investment Recommendations and Strategies
Suitability, portfolio management, and recommendations
Laws, Regulations, and Guidelines
State and federal law, ethics, and fiduciary duty
How to Pass the Series 66 Exam
What You Need to Know
- Passing score: 73%
- Exam length: 100 questions
- Time limit: 2 hours 30 minutes
- Exam fee: $177
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
Series 66 Study Tips from Top Performers
Frequently Asked Questions
What is the Series 66 exam?
The Series 66 combines the Series 63 (state agent law) and Series 65 (investment adviser law) into one exam. It's often called the 'Combined State Law Exam' and is the most efficient path for dual registration.
What is the Series 66 pass rate?
The Series 66 exam has an estimated pass rate of 70-75% for first-time test-takers. The exam is heavily weighted toward regulations (45% of questions), so mastering the Uniform Securities Act and Investment Advisers Act is critical for success.
Do I need Series 7 before Series 66?
Yes. You must pass the Series 7 (or Series 62) before or concurrently with the Series 66. The Series 66 is designed as a 'top-off' exam for those who already have a FINRA representative-level license.
How many questions are on the Series 66?
The Series 66 has 100 scored questions plus 10 pretest questions. You have 2 hours 30 minutes and need 73% (73 correct answers) to pass.
Is Series 66 harder than Series 63 and 65 combined?
The Series 66 is generally considered similar in difficulty to taking both separately, but it's more efficient since you only take one exam instead of two. The content heavily overlaps with what's in Series 63 and 65.
How long should I study for Series 66?
Plan for 40-60 hours of study over 3-5 weeks after passing Series 7. Focus heavily on regulations (45% of exam) and client recommendations (30%). Complete at least 400 practice questions and score 80%+ before scheduling.