Series 66 Study Guide + Question Bank

Series 66 Study Guide + Question Bank (Online)

Prep for the NASAA Series 66 - Uniform Combined State Law Exam with 1,060+ exam-style questions, chapter quizzes, targeted concept and math quizzes, mini exams, and full-length practice finals. Self-paced online prep with heavy focus on state regulation, fiduciary duty, and ethics.

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Instant digital access • Mobile + desktop friendly • Progress tracking • Built for exam-style testing

What you get with the Series 66 Study Guide

  • 1,060+ exam-style practice questions across the full Series 66 outline
  • 22 chapters mapped to the NASAA Series 66 content outline
  • 66 chapter quizzes - Learn (10 Qs), Apply (10 Qs), and Master (10 Qs) for every chapter
  • Concepts Quiz (40 questions) covering all chapters for quick review
  • Math Quiz (40 questions) focused on Series 66 calculations
  • 2 Mini Exams (50 questions each) for timed practice
  • 2 full-length Final Practice Exams (110 questions each) matching exam length and structure
  • Heavy coverage of state regulation, fiduciary duty, and ethics (45% of the exam)
  • Progress tracking by chapter and difficulty to target weak areas fast
  • Clear explanations focused on what NASAA actually tests

Results from real students

Screenshots shared by Exam Bootcamp students.

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What you'll study

Organized to match how the Series 66 is structured - economics and products first, then client strategies, with heavy focus on state law, fiduciary duty, and ethics.

Function 1 - 8% (8 questions)

Economic Factors and Business Information

  • Time value of money - IRR, NPV, FV
  • Descriptive statistics - mean, median, mode, standard deviation
  • Risk-adjusted measures - alpha, beta, Sharpe ratio, correlation
  • Financial and valuation ratios - current, quick, debt/equity, P/E, P/B

Function 2 - 17% (17 questions)

Investment Vehicle Characteristics

  • Cash equivalents and money market instruments
  • Fixed income - characteristics, YTM, YTC, ratings, credit spread, DCF
  • Equity - common, preferred, convertible, IPO vs. secondary, SPACs
  • Pooled investments - mutual funds, ETFs, UITs, REITs, share classes, NAV
  • Derivatives, alternatives, structured products, leveraged/inverse funds
  • Insurance products - annuities (fixed, variable, indexed), life insurance

Function 3 - 30% (30 questions)

Client Recommendations and Strategies

  • Client types - individuals, entities, trusts, estates, foundations
  • Building the client profile - goals, risk tolerance, time horizon
  • Capital market theory - CAPM, MPT, EMH
  • Portfolio strategies and styles - strategic, tactical, active, passive
  • Tax considerations - capital gains, qualified dividends, AMT, wealth transfer
  • Retirement plans - IRAs, 401(k), 403(b), 457, ERISA fiduciary issues
  • Ownership and estate planning - JTWROS, TIC, TOD, trusts, 529s, UTMA/UGMA
  • Trading mechanics, order types, and performance measurement

Function 4 - 45% (45 questions)

Laws, Regulations, and Ethics

  • Investment Advisers - definitions, federal vs. state, Form ADV, IAA
  • Investment Adviser Representatives - registration, supervision, NASAA Model Rules
  • Broker-dealers and agents - USA, SEA, Form BD, Form U4
  • Securities registration and exemptions - SA, Reg D, USA
  • State Administrator authority and remedies
  • Communications, contracts, advertising - SEC Rule 206(4)-1
  • Fiduciary duty, compensation, custody - soft dollars, performance fees
  • Ethical practices - insider trading, market manipulation, due diligence
  • AML, BSA, PATRIOT Act, SAR filing, privacy, cybersecurity
  • NASAA Model Acts - Vulnerable Adults, Unethical Business Practices

What students say

On my 4th attempt at the Series 66, weak areas were identified quickly and the prep adjusted to my needs. Best decision I made.

— Sharon, Series 66

I cannot recommend Jason enough as a Series 66 tutor. I have always struggled with tests and traditional school, and my confidence had taken a hit. Jason completely changed that experience for me. He is patient, kind, accurate, and incredibly knowledgeable. He took the time to break down the material, explain concepts step by step, and make sure I understood before moving forward. No matter how many questions I had, he answered calmly. If you need someone who can explain things in a way that makes sense and help you feel less overwhelmed, Jason is the tutor you want.

— Bree, Series 66

Jason is a great tutor and actually cares if you pass. He is professional and will help you pass if you put in the effort. He breaks down terminology and explains it in a way that helps you understand the concepts. I would definitely use him again.

— Ian, Series 66

After months of stressful studying for the Series 66, I was struggling to understand the language and concepts. Jason was able to explain the material in a way that made sense and helped me feel more confident. As soon as our first session ended, I knew I was in the right place. Jason’s test-taking strategies and helpful questions resulted in an immediate improvement in my test scores. He created a kind and intelligent environment for students and helped me pass my Series 66 exam.

— Jordan, Series 66

GET INSTANT ACCESS

Series 66 Study Guide + Question Bank

$94.99

  • Includes: Online study material + 1,060+ question bank + 2 mini exams + 2 full-length practice finals
  • Access: 6 month access to the study material
  • Start studying immediately after purchase - no waiting.
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Frequently asked questions

  • You'll have access for 6 months starting immediately after purchase.

About the Series 66 - Uniform Combined State Law Exam

Exam format (official):

  • 100 scored questions (plus 10 unscored pretest questions)
  • 2 hours 30 minutes (150 minutes)
  • Passing score: 73 of 100
  • Corequisite: Series 7
  • Administered by FINRA on behalf of NASAA

Core topics (official weighting):

  • Function 1 - Economic Factors and Business Information - 8% (8 questions)
  • Function 2 - Investment Vehicle Characteristics - 17% (17 questions)
  • Function 3 - Client Investment Recommendations and Strategies - 30% (30 questions)
  • Function 4 - Laws, Regulations, and Guidelines (incl. Prohibited Practices) - 45% (45 questions)

For the official exam outline, scheduling details, and registration through FINRA, see the FINRA Series 66 exam page.

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