I passed the 66 yesterday! A combination of the 65 and 63. These exams are definitely not to hard, but you really need to put some time in to make sure you pass!
I passed the series 65 in 2019. Filed Form ADV in my state before the 2 year window closed. My securities attorney and the state administrator told me to use the "Registration exemption for investment advisers to private funds". It is my understanding that 3(c)1 requires "Qualified Clients" to charge a performance fee. Was not my understanding that registration as an IA was required to charge a 2% management fee for AUM....
I watched this video last year..this was the first I've heard of the Series 65....and I passed my Series 65 exam last week...so thank you for making this video!
I'm a talent agent but I was in finance before. I am running into issues with my Clients needing help with their money management and I was looking into som different options. But man... This guy is legit. Love his energy and makes very serious information digestible to viewers like us. But as a talent agent he is an excellent speaker and I may have to start booking him haha
I'm trying passmasters January 3, 2023. I have crushed the indices for 25+ years including using holding 3 bond funds in a portfolio with 5 funds, so should be lower returns, right? Wrong. I've hit home runs every year. Gotta vet the manager tenure and compare 3/5/10 year returns.
Thanks for the video! A lawyer said series 65 is not required to charge the management fee. Could you please share a link to the legal ground of it? E.g. official government web page. That would really helpful.
Great info! Got yourself another subscriber...I’m looking to manage a few associates and families money such as retirement, can I do this without a Series 65 as well?
So I basically can start a fund with a no license if I don't charge the management fee and performance fee? So the only money I make is the 2% which honestly I would personally put into my company to hire better people or into next deal.
Hello - if you start a fund of funds without a license, do you have to be an accredited investor? (If your raising capital for the specific purpose of buying securities aka interest in other companies) for my purpose it’s real estate
Say you start a fund and then get your series 65, can you charge management fees on new LPs coming into the fund at that point or do you have to set up a whole new fund to do so?
You would have to amend your documents or just launch a new fund. Current investors might be salty if you tried to change the fund to charge mgmt fees out of the blue.
Can I start my own fund with just a series 65 cert? Or are there are exams needed as well? Is your fund considered a mutual fund or is it a closed end fund?
You can start a fund without any sort of license other than a business license. You just need the 65 to charge fees for providing investment advice for managing the fund for your investors.
Do you need a sponsoring company in order to sit for the series 65 exam like is required for the series 7? I’d like to get my license for my funds but I work for myself in my own company and do not want to work for a broker-dealer. Can I sponsor myself?
Yes, you can partner with your friend. The way I see it you handle advising clients with your series 65 and RIA and your friend could manage a private equity fund Just make sure your follow all regulatory rules and clearly defined your roles.
Bridger you have changed my life!!! Thank you for putting out such amazing content and making finance so simple. You have changed my families future. Thank you!!!
Quick question: If I am only charging performance fees and not the management fee, I do not need a Series 65 license. Or If I am just charging a management fee and not a performance fee, then the same, I do not need a Series 65 license? But, If I am to charge both a management and performance fee, I do?
To take the Series 7 Exam, a candidate must be sponsored by a FINRA member firm, which will file the Uniform Application for Securities Industry Registration or Transfer (Form U4) in the Central Registration Depository (CRD) and pay the required examination fee. Given Bridger's drive and momentum, I highly doubt he won't succeed in achieving that license as well.
Only some states for some reason require the 7 along with 65 to register as an IA, but more often than not you just need a 65. You can deal with any security for your clients, but you will only be able to get paid in fees from your clients instead of commissions from third parties (e.g issuers of securities).
In this case the S65 is required if you are wanting to do as described in the video. Also, for the S7 & S82 you would need to be sponsored by a FINRA member firm. That's not the case for the S65.
So if you pass the series 65 you no longer need the disclaimer "I'm not a financial advisor..." on Internet/websites, hence you hedge yourself from lawsuits?
@@Series7Exam Thank you for answering. If I wanted to create a fund that writes covered calls as an investment thesis, which licenses would I have to get??? Any information you can provide is greatly appreciated!!
@@anger42 it depends. and I say this with the discliamer of I am not a securities lawyer. Before you commit any money get a good securities lawyer/consultant to help you set it up correctly. On a basic level if you are charging commissions for each transaction you need to either start of create a Broker-Dealer ( lots of hoops and regs LOTS) if you are just going to charge a fee for managing it then you have to create an Investment advisor firm then pass your 65 and register either with various states or the SEC. The 65 you can self sponsor for. Again I am summarizing the answer but its a start
@@Series7Exam I appreciate the info!! I wasn't aware of any of these options before. Hope I can utilize this later on to start a fund. Thank you again!!
I passed the 66 yesterday! A combination of the 65 and 63. These exams are definitely not to hard, but you really need to put some time in to make sure you pass!
Congrats, taking my 65 soon
Where can I get a study guide?
tips for series 65?
@@ximenalmg3171 lots of reseources plus a facebook support group
Hell yea! Congrats!
I passed the series 65 in 2019. Filed Form ADV in my state before the 2 year window closed. My securities attorney and the state administrator told me to use the "Registration exemption for investment advisers to private funds". It is my understanding that 3(c)1 requires "Qualified Clients" to charge a performance fee. Was not my understanding that registration as an IA was required to charge a 2% management fee for AUM....
I watched this video last year..this was the first I've heard of the Series 65....and I passed my Series 65 exam last week...so thank you for making this video!
Presently in the series 65 studies myself. Best of luck, please keep us updated on your studies.
tips for the exam?
Good luck!
About to start studying for this exam too. Glad I found your channel.
Awesome hopefully this channel helps!
aren't you supposed to be sponsored by banks or etc to take it ?
Good luck!
@@kasradavar5666 you only need sponsorship to take series 7 or 6. You can take SIE, 63, 65 without sponsorship
I'm a talent agent but I was in finance before. I am running into issues with my Clients needing help with their money management and I was looking into som different options. But man... This guy is legit. Love his energy and makes very serious information digestible to viewers like us. But as a talent agent he is an excellent speaker and I may have to start booking him haha
There is definitely a talent in making tedious topics somewhat exciting
I'm trying passmasters January 3, 2023. I have crushed the indices for 25+ years including using holding 3 bond funds in a portfolio with 5 funds, so should be lower returns, right? Wrong. I've hit home runs every year. Gotta vet the manager tenure and compare 3/5/10 year returns.
Thanks for the video! A lawyer said series 65 is not required to charge the management fee. Could you please share a link to the legal ground of it? E.g. official government web page. That would really helpful.
awesome content I just turned 19 looking to take the exam
way ahead of the game!
I already passed my series SIE 6 63 26 and life insurance exam now I'm going for the 65
Why don't hedge funds & P.E Funds trade forex, CFDs & indices to boost annual returns to 3-4 digit R.O.I
Where did you find the FINRA registered firm?
Could you make a video on how to find a sponsor, if you don’t already work for a bank/registered entity?
Where is the video for launching a fund without a license? I'd like to launch mine while studying for the series 65, time is money!
This might be a good resource:
ua-cam.com/video/GEQWbAKk2c8/v-deo.htmlsi=Gah7oo_jz3p58Gl9
Great info! Got yourself another subscriber...I’m looking to manage a few associates and families money such as retirement, can I do this without a Series 65 as well?
So if you only charge a performance fee after the first 8% with no management fee, then series 65 is not required?
I wanted THIS video! Thank you sir!
Glad you found it!
I'm studying for my series 65 exam. Just ordered my study books!
Ah - me too! Where did you order your books from?
I just googled series 65 books online
@@TeresaJeanna any particular recommendations ?
Did you take the exam yet?
How did you do....pass? If so, how much time did you spend studying??
Great presentation
thank you!
Please make videos briefly talking abt the other Series tests
There are a ton of other creators that do that
How do you make money from the fund if you don’t take a management fee? Do you take any other kind of “profit” ?
So I basically can start a fund with a no license if I don't charge the management fee and performance fee? So the only money I make is the 2% which honestly I would personally put into my company to hire better people or into next deal.
Also what are some good book I can read to learn about having a fund.
Great info, I just subscribed to your Chanel, thank you 👍🏾
No problem! Thank you for the sub👊
Hello - if you start a fund of funds without a license, do you have to be an accredited investor? (If your raising capital for the specific purpose of buying securities aka interest in other companies) for my purpose it’s real estate
Say you start a fund and then get your series 65, can you charge management fees on new LPs coming into the fund at that point or do you have to set up a whole new fund to do so?
You would have to amend your documents or just launch a new fund. Current investors might be salty if you tried to change the fund to charge mgmt fees out of the blue.
Can I start my own fund with just a series 65 cert? Or are there are exams needed as well? Is your fund considered a mutual fund or is it a closed end fund?
You can start a fund without any sort of license other than a business license. You just need the 65 to charge fees for providing investment advice for managing the fund for your investors.
So did you pass? Are you charging management fees?
Any qualification néeded to take this exam?
Very interesting thanks. Will subscribe
Do you need a sponsoring company in order to sit for the series 65 exam like is required for the series 7? I’d like to get my license for my funds but I work for myself in my own company and do not want to work for a broker-dealer. Can I sponsor myself?
Does the RIA have to be part of the GP or can they be completely separate?
Hi Brider, I have the license and RIA. Can I partner with my friend who owns a PE fund but doesn't have 65?
Yes, you can partner with your friend. The way I see it you handle advising clients with your series 65 and RIA and your friend could manage a private equity fund Just make sure your follow all regulatory rules and clearly defined your roles.
Taking my 65 in a month!! Goodluck on your studies LETS GOOOO
That's what I like to hear!! Good work.
@@bridger_pennington Thank you fellow UA-camr! (:
How are you preparing for that ?
@@bhaveshgandhi6720 I got study materials through Kaplan! Read the uniform security exam manual, took lots of notes, and practice tests
Did you pass!?
Bridger you have changed my life!!! Thank you for putting out such amazing content and making finance so simple. You have changed my families future. Thank you!!!
Could you share where to buy the diagonal bookcase that's behind you?
Amazon "slanted bookcase"
Quick question: If I am only charging performance fees and not the management fee, I do not need a Series 65 license. Or If I am just charging a management fee and not a performance fee, then the same, I do not need a Series 65 license? But, If I am to charge both a management and performance fee, I do?
If you are charging a fee at all for financial advice. The performance fee or management usually requires registration on the state level
Honestly I think I’m going to get my 65 as well. The 66 just seems like a drag right now.
how were you able to get your series license without being sponsored?
Can you do a video on studying tactics on the series 65 exam?
To take the Series 7 Exam, a candidate must be sponsored by a FINRA member firm, which will file the Uniform Application for Securities Industry Registration or Transfer (Form U4) in the Central Registration Depository (CRD) and pay the required examination fee. Given Bridger's drive and momentum, I highly doubt he won't succeed in achieving that license as well.
I want to charge max fees 🤑
Good thing I watched the waterfall structure video 10× I understand it off the top of my head
Is your 65 license active without working for a broker?
What study book did you use?
bridger, i believe the 65 means nothing without the 7 also.. just a heads up. i could be wrong but just looking out
Only some states for some reason require the 7 along with 65 to register as an IA, but more often than not you just need a 65. You can deal with any security for your clients, but you will only be able to get paid in fees from your clients instead of commissions from third parties (e.g issuers of securities).
Can someone send me a link to the course? I want to take my S65 license.
Been here before 5k subs. (Just saying this for when u hit 1 mil) :)
I'll remember! Thanks for the support, we'll get there soon enough!
Study hard
It’s a nasty beast. I passed it first try but studied very seriously for several Weeks
Does anyone know if you HAVE to take the 65 or can you take the series 7 or series 82 as well?
In this case the S65 is required if you are wanting to do as described in the video. Also, for the S7 & S82 you would need to be sponsored by a FINRA member firm. That's not the case for the S65.
What if I can’t get a sponsor?
Hey, have you considered moving your group to discord?
No, do you like using it?
Series 33?
So if you pass the series 65 you no longer need the disclaimer "I'm not a financial advisor..." on Internet/websites, hence you hedge yourself from lawsuits?
Not 100% true, you need to still tell people I am not YOUR financial advisor. Every case is different, seek specific help etc...
Looks like he never got the license?
Which one do you have to be sponsored to take??
The series 6 and series 7. The 63,65,66 you can self sponsor
@@Series7Exam Thank you for answering. If I wanted to create a fund that writes covered calls as an investment thesis, which licenses would I have to get??? Any information you can provide is greatly appreciated!!
@@anger42 it depends. and I say this with the discliamer of I am not a securities lawyer. Before you commit any money get a good securities lawyer/consultant to help you set it up correctly. On a basic level if you are charging commissions for each transaction you need to either start of create a Broker-Dealer ( lots of hoops and regs LOTS) if you are just going to charge a fee for managing it then you have to create an Investment advisor firm then pass your 65 and register either with various states or the SEC. The 65 you can self sponsor for. Again I am summarizing the answer but its a start
@@anger42 also i think this channel has some videos to help you on the creation of the entity and process
@@Series7Exam I appreciate the info!! I wasn't aware of any of these options before. Hope I can utilize this later on to start a fund. Thank you again!!
Got my life license and series 65 next
Make a video on how to get 100m or 1 billion fund then make a video
In short....MONEY!
My G
LETS GO
Wait a second, did you just use an example for getting a 22% return??? And you are taking a 4% from it??? Even good financial advisors charge 1.5-2%.
He’s not a financial advisor he’s a fund manager, it’s very very different
bruh im just tryna hear some audio test questions how did i end up here... cringe