The Series 63 (Uniform Securities Agent State Law) Securities License is a license regulated by the North American Securities Administrators Association (NASAA).

The Series 63 is the partner license to the Series 6 and other securities licenses and is used by insurance sales professionals and financial advisors.

Any insurance agent should strive toward achieving their Series 63 license, but if your main product line is life insurance, then this license is an absolute necessity.

The Series 6 license works alongside the Series 63 license, and both must be attained to market and sell securities linked products legally.

Step 1: Register for your Series 63 Exam

Unlike the Series 6 exam, you do not need to be sponsored by a FINRA member to take the Series 63 exam.

Even though this test is regulated by the NASAA, FINRA will take care of all administration of the exam.

To schedule a candidate employed/associated with a FINRA member firm for an examination, the firm must file the U4 Form.

Individuals not associated with a FINRA Member Firm or not currently affiliated with a firm that uses FINRA’s Web CRD System to request registration may go to FINRA Exam Enrollment page and register.

You will need to create an account with FINRA.  Do not use a “junk email address”, as you will need all of the following correspondence to complete your registration.

After you have enrolled, you will receive more information about the exam, and a FINRA ID Number. Keep all of this information, as you will need it throughout the process.

Step 2: Schedule your Series 63 Exam

Once you have registered with FINRA, you may now schedule a time to take your exam.

Note: This is not an exam that anyone off the street can come and pass like a breeze. So why do we at StateRequirement say that scheduling your exam should come before studying? Simple. We are human.

Humans have a bad habit of putting things off to the end.  Since you only have 120 days before your registration period ends, we highly recommend that you give yourself a date for the exam, then do your studying. This will allow you to schedule out your studies, and not try to cram near the end of your registration.

Schedule your exam on Prometric, or call them at (800) 578-6273. Have your FINRA ID Number, phone number, and name of the exam (Series 63) ready.

There is no fee due when scheduling the exam with Prometric.

We recommend giving yourself between three weeks and two months to properly study for the exam based upon your familiarity with the material and your ability to absorb new information. Don’t schedule too far in advance, or you will give yourself more opportunity to procrastinate.

Step 3: Series 63 Exam Study

Once you have given yourself a target date in which you will take the exam, you must now prepare yourself to pass the exam on the first attempt.

As we mentioned earlier, this exam is not a walk in the park.  The material you will be studying is not common sense, it is in-depth, data-driven material that can be daunting if not taken seriously.

We’re not trying to scare you, just attempting to be sure that you are properly prepared for the exam.

The NASAA has created a Series 63 Content Outline that covers all the material in the exam.

The basic outline is as follows:

• Regulation of Investment Advisers Including State-Registered and Federal Covered Advisers (5%)
• Regulation of Investment Adviser Representatives (5%)
• Regulation of Broker-Dealers (15%)
• Regulation of Agents of Broker-Dealers (15%)
• Regulation of Securities and Issuers (5%)
• Regulation of Remedies Administrative Provisions (10%)
• Communication with Customers and Prospects (20%)
• Ethical Practices and Obligations (25%)

You will have seventy-five (75) minutes to answer 65 multiple choice questions. Only 60 of those questions are scored, and 72% is a passing score. The exam costs $135.

Be prepared to see double negative questions, charts, consumer scenarios, and many other types of questions on this exam.

We know you can do it.

Series 63 Study Materials

There are many types of study materials available for all types of learners.

FINRA has put together a free Securities Exam Tutorial. Though this is less of a study tool, and more of familiarization to the exam software, it is useful in that you will spend less time learning how the exam will look when the clock is ticking.

Check out our Series 6 & 63 Exam Guide. It’s extremely in-depth and will help you pass the first time.

How to Pass The Series 6 and 63 Exams

Step 4: Take the Series 63 Exam

Once you have studied to the point of full comprehension, you are ready to take the exam.

Arrive 30 minutes early to your Prometric location, and bring your FINRA ID Number and any other materials requested.

Give the exam your all. You’ve got this.

Congratulations!

We knew you could do it.

Your results will be sent to your FINRA sponsor within three (3) business days of your successful test.

Now that you’ve passed the Series 63 exam, we assume you will be moving on to the Series 6 license, as you will also need this license to be able to market and sell securities products in your state.

What happens if you don’t pass on the first try?

The Series 63 exam follows the 30/30/180 rule.

After a failed attempt, you must wait 30 days to try again. If you do not pass on the second attempt, there is another 30-day waiting period.

In the event of a third non-pass, there will be a 180-day term until you can attempt the exam again.

How to Get Your Series 6 License

FINRA Contact Information

Mailing Address:
1735 K Street, Northwest
Washington, DC, 20006

Phone: (301) 590-6500

Website: https://www.finra.org

NASAA Contact Information

Mailing Address:
750 First Street NE, Suite 1140
Washington DC, 20002

Phone: (202) 737-0900

Website: http://www.nasaa.org/