Series 66 Exam Tips - YouTube

Hi, this is Howard, Kaplan in Knopman Marks

I'm here with my colleague dave and decide to give you some tips on preparing for the serious 66 exam

Dave what will be the most important Takeaway

You could recommend to a student who perhaps just took their series 7 or 79 and how to think about the series

66 the most important way sure

You know the 66 is a hard exam and in my opinion

it's harder than the series 7 or the series 79 that it goes into a lot of depth and a lot of nuances

Single recommendation that I make more than any other is you have to read the textbook twice?

You read it once for familiarity and exposure you're really the second time to pick up the granular details

and it's that second read that really elevates the

Points, you know when I find all the time it students will come back to me, and they'll say on the real exam

Items that they were tested on came from a single sentence or two sentences in this 600 page text, but I've heard that yeah

And you know you have to you have to have read it twice and sometimes you don't even remember

You know you don't affirmatively know

Oh, I read that and this is the right answer, right?

But that answer choices is just like more attractive to you, right?

And that's so reading twice is just so important for this test and since there's so much information out there

Are there any sections in

Particular that a student should give special attention to at the cost of others well not at the cost of others

But as you want to emphasize your study time and allocate it you have to remember that the law piece

Makes up 50% of the exam right but when you think about how much material is there there's actually less law stuff

Than products them so if you're going to be studying in 200 pages that represents 50 questions

Or 400 pages that represents 50 questions. You're going to be more efficient and get more return on your study

investment in that law section right so I always hope you know you can become a master of the law I'll perform there aim for

That 80 to 85 percent level in the law section that gives you a little flexibility on the product size, right?

Because you just have a lot to learn over there

There's one other piece though. You know on the law stuff. It's hard, but once you get it

yeah, it's kind of black and white once you know that where you can apply it again and again and again and

When you think 66 the product stuff is more gray its suitability its recommendations, right?

What would be the best thing that the regulator's thinks for this person, right?

So there's more nuance there and so for that reason

I also like to see people commit more a little more study time to the law than maybe the product side

so if like some people, I'm not particularly strong with math, so

You're suggesting that that's not going to be a big detriment to my to my ability to succeed on this side

That's exactly it and on the 66 in fact there are

Formulated questions there are mathematical questions, but only 5

5% of the example ok so yes, I want you to study that stuff and in the materials you'll see these these items covered

but I don't want you to go crazy because the student who spends all this time trying to master the dozens of

Potentially tested formulas will only get five chances and hope to deliver that right so your study times better spend on overall

recommendations and characteristics if you want to be in the product side and of course on the law section -

That's great insight from a study perspective. I'm curious

Do you recommend doing a lot of studying in just a few days leading up to this exam where should like the series 7 because?

They are exam should I space it out over longer stretches of time? What's more efficient? Do you think well?

You know many students come to the 66 right off the back of the 7 yeah, and that's a great

Sequencing because the 7 lays out the foundation for all those security problems then when you get to 66

And you're kind of applying them to different situations

And I think what I would describe in a more nuanced way

May be a little bit of a more challenging way than the series 7

I hope you take it to the next level right on for all these tests though

You have to master a tremendous and a lot of information

This is not something that you want to cram for

In for example the week just before right it's going to take three or four weeks where you're doing the reading

Then you're doing the drilling and then of course

going back to the reading trying to Flesh out those areas right you may be we all right, so

So which a characterized exam is being sort of a more of a tricky exam?

Which I know a lot of people of sometimes characterize it as or it's just a straightforward

Assessment of whether I know my stuff

and I know somebody somewhere in between you know there's a

Consistent set of Feedback from students that it's a tough exam because the questions are long right the questions can be a little vague

Right and what they've done on these tests. I think is they make the second best answer choice pretty darn good, right?

You know you have to be able to distinguish

What's the best answer?

From other answers that could in a different universe feed the best answer right and that becomes very frustrating for students

So you want to be sure that you're doing that right?

Yeah

I sometimes recommend to my students that you know

Understand why the wrong answers are wrong because all they have to do is just change one word and that becomes the correct answer yeah

So I think it's troubleshooting to it that way which sounds like the most effective strategy here very much

so you know in the end serious 66 is a tough exam and

With a good study effort though you can be successful