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Series 6 Study Guide / Series 6 Course / Series 6 Flashcards Series 6 Test BreakdownIf you're interested in a sales career with an insurance company or a mutual fund, you'll need to take the Investment Company Products/Variable Contracts Limited Representative Qualification Exam, or Series 6, which is administered by the Financial Industry Regulatory Authority (FINRA). There are no prerequisites for taking the Series 6, and it's the most basic of all the tests for entrance into the securities industry. The main thrust of the Series 6 is geared toward selling mutual funds and variable annuities. You can take the test Monday through Saturday at many locations in larger cities. You'll be given two hours and fifteen minutes to answer one hundred multiple choice questions, and you are not allowed to bring your own calculator. If you need one, it will be provided. You'll need to get at least 70% of the answers right in order to pass. The cost to take the Series 6 test is currently $75. According to the FINRA, of the 100 questions, 8 will cover securities markets, investment securities, and economic factors. There will be 23 questions relating to securities and tax laws. 18 questions will cover the rules concerning marketing, prospecting, and sales presentations. There will be thirteen questions on evaluating customers and making appropriate investment recommendations based on your evaluation. There will be 26 questions on investment products such as mutual funds, variable annuities, retirement plans, etc. Finally, there are twelve questions on opening and maintaining customer accounts. Thousand of people take and pass the Series 6 exam every year, and go on to rewarding careers in the industry, and there's no reason you can't be one of them. Click Here for Series Test Breakdown
Series 6 Study Guide
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Series 6 Course
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