Dean, thank you! I just passed my Series 66 an hour ago. Thought it was easier than the 7. I wanted to give some advice for those that are studying. I studied for 2 weeks and around 8-9 hours a day, barely touched my achievable book unless on sections i struggled with. I would try to understand the general information of everything-even if its the little things. This really helps you do process of elimination on the test for most questions. I found videos like this also really help you with your test taking skills, and provide a lot of confidence. This said, understand that 45% of the test!!!, i feel like it was a lot more than that. And I would suggest looking into trusts, financial ratios (total return, PV,NPV,DCF,IRR), disclosures. I would also know basic definitions of ratios, IA/IAR BD/Agent. Hope this helps and study hard bc its not easy by any means and you never know what type draw you will get.
Watched this video this morning, just passed series 66! Listening to someone explain their thought process behind an answer and hearing explanations helps a lot! Good stuff
Hi Dean I took my Series 66 this morning and passed thank you for all your videos. They really helped me understand topics that I was struggling on. Thank you for all your help and commitment to help others that might need that extra push to cross the finish line.
Hi Dean! This was perfect! I appreciated being able to listen to the back and forth conversation. You're pretty much in isolation during your testing and it was great to be able to listen to the logic and learn from it.
Hey Dean, I’ve seen a question in my study material about suitability in a IRA. Most the time the answer is either municipal bond or variable annuity. If I get a question with both those answer choices which would you say is more unsuitable?
This not traditional life insurance. That is true of traditional insurance. It is a variable annuity NOT life insurance. The death benefit in a variable annuity is taxed differently.
Hi Dean. This video was excellent. Do you have other explicated Series 66 exams available? This is the only one I can find in your playlists. Thank you! I'm testing this Tuesday.
Dean, When buying the 66 textbook from kaplan, is the only way for it to be physical? I am getting confused on the website. I am thinking I am buying the online text book and qbank but it is making me pay for ground shipping.
on number 13, if the question asked for state rather than federal, would it be "2 years after discovery or 3 years after the action, whatever is sooner"? - I want to say that it is but I am just looking for confirmation, please and thank you sir!
Thank you, Dean and Vanja for this explication. Have yet to finish the whole lecture but have been following along with pause and play and sitting on question 70 with 13 misses. Do you feel as if this is adequate to pass the exam? Testing on Wednesday.
@@Series7Guru copy that, I have completed multiple on STC, but was just curious as to how it compared to scoring on Kaplan (this being the only question I have seen from Kaplan).
Hi Dean! I am tripped up by #96 (ID: 1468157). I thought an IA has to give written disclosure AND receive written consent from the client before being able to act as an agent or principal to a transaction with an advisory client and be compensated for it. What am I missing? Am I reading it the Question/Answer wrong?
Think you may be confusing this with a principal transaction or a dual agency cross. This question is about disclosure. That disclosure is not before it is before completion of the trade which is settlement.
Ahhh so what is making this wrong is saying “before collecting any payment” instead of “before the completion of the first trade” (ie: settlement) Got it! Thank you so much Dean!
Hi Dean, found your channel a bit 'late' (during this last weekend), watched 5 videos, didn't have time for more(60 min prep is super cool!!).... but yesterday failed my series 66 (65% overall, but 'law' part was 75% and investment vehicles-55%). What are your recommendations / how to get prepared for the 2nd attempt? It's important to say I passed SIE, but NOT series 7(it happened I wasn't sponsored by my company first....and got books for series 66 earlier, so when the company 'sponsored' me/I got my U4 -series 66 book was 40% done and I decided to pass 66 first!). I realize I don't have sufficient knowledge of products (which is expected after Series 7), but still, need to get prepared for 66 somehow now :) What are your suggestions? Watch all your videos + do more tests? Appreciate your response! And huge THANKS for great videos!! p.s. I thought 'law part' is the most horrible thing, but because of your 'summaries' for LAW - I really did that well :))
@@Series7Guru thanks for your response, but this is not an option, my job offer states I need S66 and S7 as a requirement :) So I still need to do 66 and 7 anyways... Now thinking what is the better way to spend next 30 days.
Hi Dean, a little late but just wanted to mention that the right answer to #33 is D) 25%. This is because it does not specifically state that the stock was sold for the CMP of $75, so the only return over that period is the annual dividend of $1.50.
Interesting. I must have misread that my answer was right. Sorry about that! You are indeed correct in the video that the holding period return is 27.5%
Question on #55 QID 1429953 - the correct answer is A, but the answer says the INVESTMENT COMPANY must have a net worth in excess of $2.2M or at least $1.1M in assets under management with the IA. Shouldn't it say "client" not the Investment Company? Investment company suggests that the firm itself has the net worth or assets equaling to that much?
Series 66 playlist th-cam.com/play/PLK1IazV_JQbEcpMelyp4q2wxAuEPVxmvI.html
Dean, thank you! I just passed my Series 66 an hour ago. Thought it was easier than the 7. I wanted to give some advice for those that are studying. I studied for 2 weeks and around 8-9 hours a day, barely touched my achievable book unless on sections i struggled with. I would try to understand the general information of everything-even if its the little things. This really helps you do process of elimination on the test for most questions. I found videos like this also really help you with your test taking skills, and provide a lot of confidence. This said, understand that 45% of the test!!!, i feel like it was a lot more than that. And I would suggest looking into trusts, financial ratios (total return, PV,NPV,DCF,IRR), disclosures. I would also know basic definitions of ratios, IA/IAR BD/Agent. Hope this helps and study hard bc its not easy by any means and you never know what type draw you will get.
Kudos Investment Advisor Representative!
Thanks for the shout out and paying it forward with this your victory post and debrief
Dean, I love you man. I just passed the 66. Couldn't appreciate you or the work you do anymore. Next time I'm in Vegas drinks are on me
Kudos Investment Advisor Representative!
love this session! helpful how she thinks out loud and shows her thought process! bravo
Indeed. These test takers are so gracious to allow other test takers a free ride.
Watched this video this morning, just passed series 66! Listening to someone explain their thought process behind an answer and hearing explanations helps a lot! Good stuff
Kudos Investment Advisor Representative!
Always very gratifying when this video contributes to test taking victories like yours
Hi Dean I took my Series 66 this morning and passed thank you for all your videos. They really helped me understand topics that I was struggling on. Thank you for all your help and commitment to help others that might need that extra push to cross the finish line.
Kudos Investment Advisor Representative!
Always very gratifying when my videos contribute to test taking victories like yours.
Back to hanging out with you!!! Passed my SIE and 7 with your videos last year. Was just told to get my 66
Kudos! Looking forward to it. See you on the 66 playlists.
Hi Dean! This was perfect! I appreciated being able to listen to the back and forth conversation. You're pretty much in isolation during your testing and it was great to be able to listen to the logic and learn from it.
Kudos Investment Advisor Representative!
Best 66 vid yet!
Thx
Dean great video!... Anyone else's OCD kick in with the blue highlight on the bottom of the screen starting around question #43 😂
First I heard about it.
Hey Dean, I’ve seen a question in my study material about suitability in a IRA. Most the time the answer is either municipal bond or variable annuity. If I get a question with both those answer choices which would you say is more unsuitable?
They won't be both offered. Both are unsuitable.
Hey Dean! Would incidental advice be the same as occasional advice? As relating to a (LATE) person providing advice?
Yes
Hi Dean! Question 27 (38:06 timestamp) i thought the death benefit being paid is not a taxable event ... why is this not the answer?
What is the QID in the top right corner?
Also mr. Dean - #47 (timestamp 1:05;27) why is II incorrect (why is it not a true statement)?
ID: 1180272 @@Series7Guru
this one is QID: 1365942
This not traditional life insurance. That is true of traditional insurance.
It is a variable annuity NOT life insurance. The death benefit in a variable annuity is taxed differently.
Hi Dean. This video was excellent. Do you have other explicated Series 66 exams available? This is the only one I can find in your playlists. Thank you! I'm testing this Tuesday.
Series 66 Exam FREE Practice Tests and Practice Questions Playlist 2 of 2: th-cam.com/play/PLK1IazV_JQbEkA91ltz3SNKSQJ6YmSlv7.html
@@Series7Guru Can't thank you enough.
@wesleychapman9001 always very gratifying when this channel contributes to test taking victories.
Dean,
When buying the 66 textbook from kaplan, is the only way for it to be physical? I am getting confused on the website. I am thinking I am buying the online text book and qbank but it is making me pay for ground shipping.
There is both. Just call customer service.
Hey Dean, how much of the insurance policies should we know for the test?
Very little. 2 or 3 questions max
Thanks for doing this video!
De nada
on number 13, if the question asked for state rather than federal, would it be "2 years after discovery or 3 years after the action, whatever is sooner"? - I want to say that it is but I am just looking for confirmation, please and thank you sir!
Yes
Dean, Any chance you can do an updated practice exam? i see you haven't done one in 7 months for the series 66.
There is no need for an updated one.
Great news! Thanks dean
@@Series7Guru
Thank you, Dean and Vanja for this explication. Have yet to finish the whole lecture but have been following along with pause and play and sitting on question 70 with 13 misses. Do you feel as if this is adequate to pass the exam? Testing on Wednesday.
No. You need to do a complete practice exam on your own in one sitting to get a meaningful mark.
@@Series7Guru copy that, I have completed multiple on STC, but was just curious as to how it compared to scoring on Kaplan (this being the only question I have seen from Kaplan).
Hi Dean! I am tripped up by #96 (ID: 1468157). I thought an IA has to give written disclosure AND receive written consent from the client before being able to act as an agent or principal to a transaction with an advisory client and be compensated for it.
What am I missing? Am I reading it the Question/Answer wrong?
Think you may be confusing this with a principal transaction or a dual agency cross. This question is about disclosure. That disclosure is not before it is before completion of the trade which is settlement.
Ahhh so what is making this wrong is saying “before collecting any payment” instead of “before the completion of the first trade” (ie: settlement)
Got it! Thank you so much Dean!
@@matthewroth7576 yes
Hi Dean I failed my 66 for the second time today. Laws, and Regulations is my weak area. How would I contact you for tutoring
Damn. That hurts for sure. Deantinneytutoring.setmore.com
Scored similar to her! Did she end up passing?
She did!
Hi Dean, found your channel a bit 'late' (during this last weekend), watched 5 videos, didn't have time for more(60 min prep is super cool!!).... but yesterday failed my series 66 (65% overall, but 'law' part was 75% and investment vehicles-55%). What are your recommendations / how to get prepared for the 2nd attempt? It's important to say I passed SIE, but NOT series 7(it happened I wasn't sponsored by my company first....and got books for series 66 earlier, so when the company 'sponsored' me/I got my U4 -series 66 book was 40% done and I decided to pass 66 first!).
I realize I don't have sufficient knowledge of products (which is expected after Series 7), but still, need to get prepared for 66 somehow now :)
What are your suggestions? Watch all your videos + do more tests? Appreciate your response! And huge THANKS for great videos!!
p.s. I thought 'law part' is the most horrible thing, but because of your 'summaries' for LAW - I really did that well :))
I would recommend considering the Series 65. No 30 day wait and it works at a fee based investment advisor without a Series 7
@@Series7Guru thanks for your response, but this is not an option, my job offer states I need S66 and S7 as a requirement :) So I still need to do 66 and 7 anyways... Now thinking what is the better way to spend next 30 days.
For Question #27, QID:1180272 I thought the death benefit paid out from a life insurance policy is not subject to income tax.
It is not.
great!
Hi Dean, a little late but just wanted to mention that the right answer to #33 is D) 25%. This is because it does not specifically state that the stock was sold for the CMP of $75, so the only return over that period is the annual dividend of $1.50.
What is the QID?
@@Series7Guru 1263658 from this video. I found the same question in my current Kaplan Qbank, and its QID is 1521428.
@@jasonberryman4599 (75 − 60 + 1.50) ÷ 60 = 0.2750, or 27.5%. not 25%
Interesting. I must have misread that my answer was right. Sorry about that! You are indeed correct in the video that the holding period return is 27.5%
@@jasonberryman4599bot
What does clerical mean again?
No public contact regarding securities. Think receptionist.....
Shouldn't the answer to #86 be B and not C?
If it is incorrect correction would be found in the video description
Question on #55 QID 1429953 - the correct answer is A, but the answer says the INVESTMENT COMPANY must have a net worth in excess of $2.2M or at least $1.1M in assets under management with the IA. Shouldn't it say "client" not the Investment Company? Investment company suggests that the firm itself has the net worth or assets equaling to that much?
It is not a testable distinction
@@Series7Guru got it. Just annoying when they do test sometimes the distinction between an IA and an IAR haha
@fmalone789 true.