Series 6 Exam Prep

Series 6 Exam Guide

The Investment Company and Variable Contracts Products Representative Qualification Examination (IR), also known as the Series 6 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.

The Series 6 exam consists of 50 scored questions and an additional five unscored pretest questions. Candidates are given 90 minutes to complete the exam. The passing score is 70 percent.

There are four main job functions of a Series 6 representative:
– (F1) Seeks Business for the Broker-dealer from Customers and Potential Customers – 24% / 12 questions
– (F2 Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives – 16% / 8 questions
– (F3) Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records – 50% / 25 questions
– (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions – 10% / 5 questions

Pocket Prep’s Series 6 exam prep app breaks down the content into five knowledge areas:
– Evaluation of Customers
– Investment Company Securities and Variable Contracts
– Marketing, Prospecting and Sales Presentations
– Opening and Servicing Customer Accounts
– Securities and Tax Regulation