Quick Answer: Does A CFP Need A Series 65?

No, having a qualifying professional designation only will waive the Series 65 requirement.

That is because passing the Series 66 is equivalent to having passed both the Series 63 and Series 65.

Having a valid FINRA Series 7 also is a co-requisite for registering using the Series 66.

Do you need a Series 65 if you have a CFP?

Series 65 License

Notably, individuals who hold a professional designation like the CFA or CFP may be eligible to have their Series 65 requirement waived by FINRA.

Does a CFP need a Series 7?

Series 7, Series 63, and Series 65 Exams

This allows the CFP® to receive commissions on the securities they buy or sell on behalf of their clients. Accordingly, they go on to take the FINRA Series 7 and Series 63 exams. A CFP® may form their own Registered Investment Advisor (RIA) firms.

What can you do with Series 65?

Series 65 test candidates’ comprehension of financial concepts and qualifies them to give investment advice and charge a fee for doing so. Most state securities regulators have set the Series 65 as the minimum requirement to become an investment advisor representative (IAR).

Is the Series 65 exam difficult?

But the bottom line is that the Series 65 exam isn’t really much harder than other common industry licensing exams, like the Series 6 or the state Life and Health license. Most will take 2-4 weeks to study, spending about 20-30 hours, and pass the exam with its required 72% passing grade.