FINRA Series 6 – Investment Company and Variable Contracts Products Representative
FINRA Series 6 – Investment Company and Variable Contracts Products Representative
FINRA Series 6 – Investment Company and Variable Contracts Products Representative
The Series 6 exam — the Investment Company and Variable Contracts Products Representative Qualification Examination (IR) — assesses the competency of an entry-level representative to perform their job as an investment company and variable contracts products representative. The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of an investment company and variable contract products representative, including sales of mutual funds and variable annuities.
Who should take the exam?
The Series 6 exam seeks to measure the degree to which each candidate possesses the knowledge, skills and abilities needed to perform the critical functions of an Investment Company and Variable Contracts Products Representative. In order to obtain registration as an Investment Company and Variable Contracts Products Representatives, candidates must pass both the Series 6 exam and a general knowledge co-requisite, the Securities Industry Essentials (SIE) exam.
Course Outline
The important topics covered in this exam are:
- Seeks Business for the Broker-Dealer from Customers and Potential Customers 24%
- Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 16%
- Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 50%
- Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions 10%
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Exam Format and Information
Exam Name Investment Company and Variable Contracts Products Representative | Exam Code Series 6 |
| Exam Duration 90 mins | Exam Format Multiple Choice |
| Exam Type Professional | Number of Questions 50 Questions |
| Eligibility/Prerequisite NIL | Exam Status Live |
| Exam Language English | Pass Score 70 |
FINRA Series 6 – Investment Company and Variable Contracts Products Representative FAQs
How many questions will there be on the exam?
FINRA certification contains 50 questions which need to be completed in 90 minutes.
Is there a waiting period if I fail the Series 6 ?
The waiting period for the Series 6 is the same as FINRA’s other exams. After the first and second failed attempts, there will be a 30-day waiting period. After the third failed attempt, there will be a 180-day waiting period. For any attempts after the third attempt, there is also a 180-day waiting period between each exam.
If I pass a FINRA exam, do I still have to take the Series 63 exam?
Most states require the Uniform Securities Agent State Law (Series 63) Exam for individuals who will transact a securities business. This qualification requirement adds onto FINRA's requirements.
What are the main areas to cover in the FINRA Series 6 exam?
In this exam the main highlighted areas are:
• Seeks Business for the Broker-Dealer from Customers and Potential Customers 24%
• Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 16%
• Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 50%
• Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions 10%
What score is needed to pass the Series 6 ?
The passing score for the Series 6 will be 70 (on a scale of 0 to 100). This test score is placed on a common scale with all other candidate test scores for that exam and statistical adjustments are made to the score to account for slight variations in the difficulty that may exist among different sets of exam questions. This method allows for a fair comparison of scores and ensures that every candidate is held to the same passing standard regardless of which set of exam items he or she received.
Who are the intended audience for the FINRA Series 6 exam?
The Series 6 exam seeks to measure the degree to which each candidate possesses the knowledge, skills and abilities needed to perform the critical functions of an Investment Company and Variable Contracts Products Representative. In order to obtain registration as an Investment Company and Variable Contracts Products Representatives, candidates must pass both the Series 6 exam and a general knowledge co-requisite, the Securities Industry Essentials (SIE) exam.
How old do I have to be to take the Series 6 ?
You must be 18 years or older to take the Series 6.
What is the FINRA Series 6 exam?
The Series 6 exam — the Investment Company and Variable Contracts Products Representative Qualification Examination (IR) — assesses the competency of an entry-level representative to perform their job as an investment company and variable contracts products representative.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of an investment company and variable contract products representative, including sales of mutual funds and variable annuities.
How much time will be given to complete the FINRA Series 6 exam?
You will get 90 minutes to complete the exam.
Can I have access to practice sets even after the training is over at Testpreptraining?
Yes, you will be given access to the practice sets which will be available once you have registered for the course.
Can I try the free exam before purchasing the whole practice test?
Testpreptraining gives you the option to take a free practice test with different and unique questions before purchasing the complete test.
How can I pass the FINRA Series 6 exam in my first attempt?
Testpreptraining training course is designed to give you all of the skill-sets necessary to successfully complete the required projects and help you pass the FINRA Series 6 exam in your first attempt.
If I need to cancel my enrollment, can I get a refund?
Yes, you can cancel your enrollment if necessary. We will refund the course price after deducting an administration fee. For more information regarding this you can contact us at our Helpdesk.
Do TestprepTraining provide any preparation guidance for this certification exam?
Yes you will be provided with full assistance with our team of experts, who keeps on updating the tips and tricks regarding the exam on our blog.
Other than mock exams & questions, is there any further assistance I can get from TestprepTraining?
You will get a full assistance in any query related to FINRA Series 6 exam when you prepare with our test series. There is a team of experts who will handle your query.
How Testpreptraining will help in preparations for FINRA Series 6 exam certification exam than any other websites?
At Testpreptraining you will get a Unique set of questions shuffled with different levels which will help you check your skills and weak areas. Doing these questions will increase your knowledge to score better in the exam.