Series 66 Exam Episode 3 Client/Customer Investment Recommendations and Strategies
Вставка
- Опубліковано 16 вер 2024
- Thirty questions in every Series 66 examination (30%) will test principles governing
investment recommendations and investment strategies. These thirty questions will cover the
following eleven components:
(1) Type of Client/Customer
o Individual, natural person, sole proprietorship
o Business entities (e.g., general partnership, limited partnership, limited
liability company, corporations (both C and S))
o Trusts and estates
o Foundations and charities
(2) Client/Customer Profile
o Financial goals and objectives
o Current and future financial situation (e.g., cash flow, balance sheet, existing
investments, tax situation, social security and pensions)
o Risk tolerance
o Nonfinancial investment considerations (e.g., values, attitudes, experience,
demographics, life events, behavioral finance)
o Client data gathering (e.g., client identification, questionnaires, interviews)
o Time horizon
(3) Capital Market Theory
o Investment theories, models, and hypotheses (e.g., capital asset pricing model,
modern portfolio theory, efficient market hypothesis)
(4) Portfolio Management Strategies, Styles and Techniques
o Strategies (e.g., strategic asset allocation, tactical asset allocation)
o Styles (e.g., active, passive, growth, value, income, capital appreciation)
o Techniques (e.g., diversification, sector rotation, dollar-cost averaging, puts,
calls, leveraging, volatility management)
(5) Tax Considerations
o Income tax fundamentals, individual (e.g., capital gains, qualified dividends,
tax basis, marginal tax bracket, alternative minimum tax, pension and
retirement plan distributions, government benefit implications)
o Income tax fundamentals, corporations, trusts, and passthrough entities
o Wealth transfer, Estate tax and gift tax fundamentals
(6) Retirement Plans
o Individual retirement accounts (e.g., traditional, Roth)
o Solo 401(k) (e.g., traditional, Roth)
o Qualified retirement plans (e.g., 401(k) plans, 403(b) plans)
Page 11
o Nonqualified retirement plans (e.g., deferred-compensation plans, 457 plans,
executive bonus plans)
(7) Employee Retirement Income Security Act (“ERISA”) Issues
o Fiduciary issues (e.g., investment choices, ERISA § 404(c))
o Investment policy statement
o Prohibited transactions
(8) Special Types of Accounts
o Education related (e.g., 529 plans, Coverdell accounts)
o Uniform Transfers to Minors Act (“UTMA”) and Uniform Gifts to Minors
Act (“UGMA”)
o Health savings accounts, flexible spending accounts
(9) Ownership and Estate Planning Techniques
o Methods of ownership transfer (e.g., joint tenants with rights of survivorship,
tenants in common, tenancy by the entirety)
o Pay on death and transfer on death
o Beneficiary designation
o Trusts and wills
o Qualified domestic relations order
o Donor advised funds
(10) Trading Securities
o Terminology (e.g., bids, offers, quotes, market orders, limit or stop orders,
short sales, cash accounts, margin accounts, principal or agency trades,
payment for order flow)
o Roles of broker-dealers, custodians, market makers, and exchanges
o Costs of trading securities (e.g., commissions, markups, bid/ask spread, best
execution)
(11) Portfolio Performance Measures
o Returns (e.g., risk-adjusted, time-weighted, dollar-weighted, annualized, total,
holding period, internal rate of return, expected, inflation-adjusted, after tax)
o Current yield
o Relevant benchmarks
Thanks Gents!
I passed both my series 7 and 66 with the help of your lectures along with my studies!
Kudos on those testing victories!
Always very gratifying when our content contributes to test taking victories like yours
Thank you Dean and Brian for the help! Passed my 66 today on my second attempt and boy does it feel great. Your videos are great!
I got a 70 on my first attempt which was upsetting but I thought I’d share that my best sections were economic factors (7/8) and investment vehicles (15/17) which I hear is not the norm.
But again thank you so much for all of your hard work with creating these videos and helping people pass their exams!
Kudos Investment Advisor Representative!
Passed my Series 66 last week on the second go. Very much appreciate all the content you guys put out to help.
Kudos Investment Advisor Representative!
Always very gratifying when my content contributes to test taking victories like yours
I would like to see an updated series 65. The 1 hour video those are great warm ups for the drive to the test centers.
There is no update necessary. The videos are current
For me this section is where I scored the lowest which I was surprised….the first 2 sections I knocked outta the park. 🙁 retake the end of this month.
Sending you good test vibes! Sure you will make your mark on your next attempt.
I got confused @24:26 so buy and hold is passive or strategic for the answer to that question
Buy and hold is psssive
@@Series7Guru thank you mucho
Hi Dean! I was curious if you have a lecture posted that has visual notes/representations of the information contained withinside Customer Investment recommendations and strategies. Im a suoper visual learner and though this video does helop to an extent, one with more visual cues would be awesome! If you have any you recommend or know of I would greatly appreciate some advice.
Cheers!
I do. It can be found in the lecture playlist.
Would it be possible for you to make a series 66 Tips/tricks how the 7 was? I know you made a series 66 in 60 minutes but couldn’t seem to find this one. Testing on 12/22 so I have a bit of time , but taking finals now !
Well see what I can do.
Hi Gentleman, how do we contact you if we want private tutoring? Thanks Greg
Deantinneytutoring.setmore.com
Just to make sure it’s clear in my head, higher standard deviation means higher risk(bad). Higher sharpe ratio less risk?(good)
I would think of it as good or bad. Higher standard deviation higher volatility.
Higher Sharpe ratio yes. More reward per unit of risk.
Thanks, I take the 66 tomorrow will see you on the live stream!
is the series 66 easier than the 65 ?
It is the same content. 65 has more questions. Nothing on 66 is not found on 65. There are 65 questions not found on 66.
Should take 66 and have 65 as a back up.