Hi Dean, I passed the 66 yesterday and I am forever grateful for your videos. Your videos truly brought home and solidified the understanding of my readings and practice questions. I especially appreciated your explanation of Registration! Immensely helpful. God Bless!
@Series7Guru
4 күн бұрын
Kudos Investment Advisor Representative!
@Rationally321
2 жыл бұрын
Hi Dean, I just passed my 66 😁😁😁😁 Thank you so much for your amazing work! I don’t want to mislead people but I really believe that your videos and Kaplan Qbank is enough to pass the exam. Your videos saved my life!!! Series 7 & 66 ✅ Time for a break 😎
@Series7Guru
2 жыл бұрын
Kudos on completing the test taking/registration hat trick!
@teresitad9516
Жыл бұрын
Did you read through the kaplan textbook? I am using kaplan and watching Dean's videos. Thanks in advance.
@carlyjames8161
2 жыл бұрын
Excellent Dean!! I failed at the end of Aug. Retaking October 14, and you have been a godsend so far. Highly recommend the USA video to anyone reading this too!
@Series7Guru
2 жыл бұрын
Made it as target rich as possible. Thank you.
@victoriavarisco2893
2 жыл бұрын
Dean, I have been looking forward to writing this comment because I just passed my 65 thanks to your videos and tips. I watched all of your videos and made poor man's flashcards, and that set me up for the test so well. Throughout the test I would ask myself "what would Dean do?" on questions I wasn't 100% sure about. I cannot thank you enough, and your videos truly were the most effective study material for me. WWDD!!!
@Series7Guru
2 жыл бұрын
Kudos!!!! Always very gratifying when my videos contribute to test taking victories like yours.
@RepChelsea
2 жыл бұрын
Dean! You legend! I passed my 66. Literally watched this whole video right before i went in for the exam. Thank you so much for your dedication in making these videos!
@Series7Guru
2 жыл бұрын
KUDOS Investment Advisor Representative! Time to put those registrations to work!
@nonena4530
2 жыл бұрын
You helped me pass my 63 first time! Really helped me understand ria and bd relationships with registrations and exemptions/exclusions more than mainstream study materials. Thanks so much Dean!
@Series7Guru
2 жыл бұрын
KUDOS on your testing victory! Always very gratifying when this video contributes to testing victories like yours.
@imgarrett4944
Жыл бұрын
Just want to say how helpful you were to my testing journey. I was given one more shot with my firm at the 7 and 66 because I had failed them both the first time and time was running out. I passed both of him with the help of you. I will always recommend your videos to others. Now to start the real stuff!
@Series7Guru
Жыл бұрын
Love referrals. Thanks so much. Kudos on all your testing victories!
@kevinlynch1432
10 ай бұрын
Dean, taking the 66 tomorrow morning. I have been using your videos for the last three months to help with the SIE, Series 7, and now finishing with the 66. I want to thank you for everything you have done in the testing world. I hope that after tomorrow that I am done with this world, but thanks for keeping the vibes so incredible for people that have to spend a few months here. Your caring attitude and fun personality go a long way, and the work you do is incredible.
@Series7Guru
10 ай бұрын
Circle back with news of your testing victory tomorrow. Always very gratifying when my videos contribute to test taking victories like yours.
@kevinlynch1432
10 ай бұрын
@@Series7Guru I got the pass this morning. Feels great typing that out! Thanks for everything, I know it takes a ton of effort to do what you’re doing. The impact you’re having is tremendous.
@Ursulas_prey
Жыл бұрын
Mr. Tinney, once again, thank you!!! With your help, I knocked out my 3 required exams the first time!! Now moving on to the rest of my life lol …
@Series7Guru
Жыл бұрын
I come into your life for a reason and a season. The reason is to pass your exams and the season is how long that takes. My reason and season is over with you. lol. Time to put those registrations to work!
@bryancomandini1186
2 жыл бұрын
Well Dean, you’ve done it again! I watched this whole playlist for two weeks straight and can proudly say I passed the 66 today! Thank you again for all these videos. This paired with STC practice exams worked like a charm
@Series7Guru
2 жыл бұрын
Kudos on your test taking /registration hat trick! Always very gratifying when my playlists contribute to test taking victories like yours.
@rowenabanks2162
Жыл бұрын
Thank you Dean! Your content was extremely helpful and I recently passed the 6 and 63! Thank you again.
@Series7Guru
Жыл бұрын
KUDOS on your testing victories! Always very gratifying when my content contributes to testing victories like yours.
@miigeorgia7014
7 ай бұрын
Passed the Series 63 this morning. Thank you again sir 🫡
@Series7Guru
7 ай бұрын
Kudos!
@simonroese2596
Жыл бұрын
You rocked 1 year ago and still rock 🪨 🎸!!
@Series7Guru
Жыл бұрын
Thx
@jasonkirk3166
Жыл бұрын
Thank you again for all the help!
@Series7Guru
Жыл бұрын
De nada. The pleasure was all mine.
@elle5609
2 жыл бұрын
Dean Thank You! Wish they had booked you on kaplan at a good time for my 66. I would have taken it already!! The Q bank is giving me trouble. Had you for 7 passed first try!
@Series7Guru
2 жыл бұрын
I have had Kaplan put me on the public schedule once a month. First month of each quarter SIE. Second month of each quarter Series 7. Third month of each quarter Series 66.
@savagecontent8712
2 жыл бұрын
Under the Uniform Securities Act, an individual representing an issuer in the sale of its securities to the general public is defined as an agent if the issuer is A) an insurance company authorized to do business in the state. B) a trust company organized and supervised under the laws of any state. C) a foreign government with which the United States currently maintains diplomatic relations. D) any political subdivision of any Canadian province.
@Series7Guru
2 жыл бұрын
See my previous
@Jahnely
Жыл бұрын
B
@awakentotruthmichaelsmith4698
Жыл бұрын
I enjoy the 63 prep, you said the 63 had no real flow, that’s for sure! That’s been the most challenging aspect.. it’s a bunch of information with no real way to real systematic with it
@Series7Guru
Жыл бұрын
Different beast for sure.
@jamesjohnson5816
2 ай бұрын
Great video Dean
@Series7Guru
2 ай бұрын
Thx
@SandraFernandes621
Жыл бұрын
this video is gold Dean!
@Series7Guru
Жыл бұрын
Thanks.
@savagecontent8712
2 жыл бұрын
Ayla is registered as an agent with Palm Tree Securities, (PTS), an SEC-registered broker-dealer. Ayla is registered in State F. If she decides to terminate her registration, A) Ayla is the only one who must notify the State F Administrator. B) Ayla and PTS must notify the State F Administrator. C) PTS is the only one who must notify the State F Administrator. D) because PTS is registered with the SEC, Ayla and PTS must notify the SEC rather than the State F Administrator. Bc the BD is sec covered aren't exempt from notifying Administrator.
@Series7Guru
2 жыл бұрын
There is no such thing as a federally covered B/D on the exam. Federally covered on the exam only refers to IAs and securities. Both the B/D and the agent of the B/D notify the state administrator.
@savagecontent8712
2 жыл бұрын
There is an exclusion from the Uniform Securities Act's definition of agent for those individuals representing certain issuers in the sale of their securities. That exclusion would apply to individuals representing A) a credit union organized and supervised under the laws of this state. B) a savings and loan association organized under the laws of any state and authorized to do business in this state. C) a savings institution organized and supervised under the laws of any state. D) an insurance company organized under the laws of any state and authorized to do business in this state. Have my test soon, I don't understand what would exclude an agent if all issuers are exempt?
@Series7Guru
2 жыл бұрын
See my previous
@garo921
Жыл бұрын
Thanks bigtime Dean
@Series7Guru
Жыл бұрын
De nada
@mari.ferreira.
6 ай бұрын
Dean, i have a quick question on IA registration. I just took an exam on PP , this is the question: An Investment Adviser Representative is employed by IZZI Advisers, a Federal Covered adviser. IZZI Advisers has its only office in State Y, and has made a notice filing with State Y's Administrator. The IAR gives a seminar to potential clients in State Z. The IAR is: A is required to be registered in State Y only B required to be registered in State Z only C required to be registered in State Y and also in State Z if an offer is made to more than 5 non-institutional clients D not required to be registered in either State Z or State Y I chose D. because since the IA works under the IA that’s federal covered then I thought that they would only register where they have an officer. Which it doesn’t say where they have an office, but this is the right answer: The best answer is C. Even though a Federal Covered adviser is not required to register in a State, its IARs can be required to register (because there is no Federal registration of IARs - only of IAs). Because the IAR is physically located in State Y, he or she must be registered in State Y. Because the IAR is soliciting clients in State Z, he or she must be registered in State Z - but only if he or she solicits more than 5 non-institutional clients to purchase IZZI's advisory services (if it is 5 or less, the IAR can claim the "de minimis" exemption).
@Series7Guru
6 ай бұрын
An IAR of a federally covered IA only needs to be registered in a stats in which they have a place of business
@movies260
Жыл бұрын
Excellent presentation
@Series7Guru
Жыл бұрын
Thanks
@ashleywalters9900
Жыл бұрын
Hey Dean! I am trying to create a good playlist for Series 63! I just passed my 7 today!🙌🏼 thanks to you! Can’t thank you ENOUGH! I only have about 10 days until my 63 and have Pass Perfect and 5 free Kaplan finals to work with (not sure what year but fairly recent), they are free with my firm. Is there any other 63 specific videos you recommend? I wasn’t a huge fan of pass perfect with the series 7 material honestly
@Series7Guru
Жыл бұрын
There is a Series 63 playlist and the videos are in suggested watch order.
@upperdrecker1592
3 жыл бұрын
Dean sorry I missed the premiere. This looks awesome.
@Series7Guru
3 жыл бұрын
Next time!
@cardozacapital
2 жыл бұрын
Dean, if you are ever in San Diego and would like a free beer or 3 please let me know. No pressure though. Thank you!
@Series7Guru
2 жыл бұрын
Will do. I usually spend a night or two in San Diego before heading to my place in Ensenada.
@savagecontent8712
2 жыл бұрын
NASAA has created a Model Rule dealing with the creation of and delivery requirements for an investment adviser brochure. Which of the following statements correctly identify the delivery requirements? A) Annual delivery of the brochure to prospective clients must be made within 120 days of the end of the adviser’s fiscal year. B) The brochure may be delivered to prospective and new advisory clients at least 48 hours prior to entering into the advisory contract if the advisory client has a right to terminate the contract without penalty within five business days after entering into the contract. C) The brochure may be delivered to prospective and new advisory clients no later than 48 hours after entering into the advisory contract if the advisory client has a right to terminate the contract without penalty within five business days after entering into the contract. D) The brochure may be delivered to prospective and new advisory clients at the time of entering into any such contract if the advisory client has a right to terminate the contract without penalty within five business days after entering into the contract.
@Series7Guru
2 жыл бұрын
What vendor are you using? My channel is not about answering vendor questions like these. That is your job! Submit these questions to ne for video explication at either r/Series66 or deantinney@gmail.com. Provide your answer to the question and what your issue with the question and/or rationale.
@danielplascencia2504
Ай бұрын
Which video covers job function 3 "client investment recommendations and strategies?
@Series7Guru
Ай бұрын
Use channel search bar....
@Shellycrz
Жыл бұрын
Great and all almighty Dean, Brochure delivery to client; to client The brochure, the signed confirmation of the solicitor’s notice (if applicable) and Appendix 1 (Wrap fee)? The Appendix 1 is another document or is it included in the brochure? Does the client needs to signs this too confirming received?
@Series7Guru
Жыл бұрын
Not testable.
@Shellycrz
Жыл бұрын
@@Series7Guru 🤦🏼♀️ Thank you!!!!
@EliGutie
Жыл бұрын
Happy to say Dean i passed my 63 just now!! Exactly 1 month to the date I passed my 7 Super weird the test was 65 questions and there was a question asking what a long put was and what it meant, any chance you think they might have thrown in to those extra 5 to throw you off?
@Series7Guru
Жыл бұрын
Kudos! Sounds expiremental for sure.
@Jahnely
Жыл бұрын
I failed the 66 😬 I was so worried about laws I did the worse in the Investment vehicles section lol
@Series7Guru
Жыл бұрын
Damn. That seems to cause a lot of misses. Having laws and regs and not investments or vice versa
@Jahnely
Жыл бұрын
@@Series7Guru do you recommend reading the whole book again?
@Series7Guru
Жыл бұрын
@@Jahnely yes.
@Jahnely
Жыл бұрын
@@Series7Guru I scored a 69 🤯
@1000millionbillion
3 жыл бұрын
Fantastic video!!!
@Series7Guru
3 жыл бұрын
Thank you very much!
@aranya6962
2 жыл бұрын
Hi Dean. This was an excellent video, thank you so much. I had a question regarding IAs sharing in capital gains and losses with customers. Sometimes in the practice questions it says Agents can but IAs can never, but other times it says IAs can if the client meets certain requirements. For test purposes, what should we assume? Thanks!
@Series7Guru
2 жыл бұрын
Performance based fees may be paid by a client to an IA but not an IAR. There are requirements to be met by a client if the Investment Advisor is going to be paid performance based fees
@emilyyu655
6 ай бұрын
Hello Dean, Does solicited transaction with commission or mark up/down consider investment advisor fee?
@Series7Guru
6 ай бұрын
No
@Silvertestrun
2 жыл бұрын
Ty
@Series7Guru
2 жыл бұрын
De nada
@jeraldmundackal4820
5 ай бұрын
Hey Dean! This video says for 65 and 66. This would cover much of whats on the 63 regarding IAs and IARs, right?
@Series7Guru
5 ай бұрын
There are less questions about IA and IARs on the 63.
@jeraldmundackal4820
5 ай бұрын
Should I emphasize the USA?@@Series7Guru
@Thuuunderous_Wizard
Жыл бұрын
Just had a practice tq that said the mutual fund sponsor could pay for the IAR travel but not the spouse…. Confused now … thx 39:44
@Series7Guru
Жыл бұрын
A mutual fund sponsor (a FINRA member firm) can pay travel for an agent of a b/d. The b/d can not use soft dollar compensation to pay travel for an IAR.
@Thuuunderous_Wizard
Жыл бұрын
@@Series7Guru great thx for the clarity. Getting stuck in the nuances…
@Series7Guru
Жыл бұрын
@@Thuuunderous_Wizard de nada. Keep grinding. You got this!
@Ufifificicici
10 күн бұрын
They had Kamala in charge of this?….yikes
@jeannea9406
8 ай бұрын
Hey dean , Correct me if I’m wrong . Fed covered Investment advisors register with Sec but Fed covered IAR register with the state if they have a place of business in the state ?
@Series7Guru
8 ай бұрын
Correct
@jeannea9406
8 ай бұрын
Thank you !
@kyobteammarie7636
10 ай бұрын
Hello! Ont the slide for IAR State Exemptions it says 6 or fewer clients for de minimis. I thought it was 5 or fewer.
@Series7Guru
10 ай бұрын
It is five or fewer. The slide illustrates that six would NOT meet de minimus exemption
@kyobteammarie7636
10 ай бұрын
@@Series7Guru thank you for the quick response.
@bettybopcm
2 жыл бұрын
Can you clear this up for me: is it the ADV that needs to be sent within 120 days FYE and if UPDATED, 90 days from FYE? Or is it considered different items as- the BROCHURE sent 120 days from FYE and ADV 90 days from FYE? Is it referring to the brochure and ADV part 2b as the same document? Or do they both have different day requirements when updated? Hope that makes sense. I take the test tomorrow and trying to verify all the little things that keep me up at night lol!
@Series7Guru
2 жыл бұрын
90 days is to the SEC and 120 days is to the client.
@TheRiseofSuperman
2 жыл бұрын
Hello Dean. I’m a 66 candidate. I have not set an exam date yet but I wanted to focus on the top 3 of the 4 topics on the exam. Maybe I don’t see these in your lineup for the 66 but I was looking for “investment vehicles, and client recommendations “ lectures? I love what you are doing, big thanks but please help!
@Series7Guru
2 жыл бұрын
There isn't really a top 3 or 4. It's all over place. The Series 66 playlist is in suggested watch order.
@kinnisonsumner4787
Жыл бұрын
How much of the specific details on part 1 and 2 do we need to know for the series 63? High level points or all the minutia outined in this video?
@Series7Guru
Жыл бұрын
It would not be in the video if it was not testable.
@SandraFernandes621
Жыл бұрын
Dean I came back to this video because its that good, the Diminis rule does not apply to Federally Covered Advisers?
@Series7Guru
Жыл бұрын
It does not and they do not need it. Only state covered.
@SandraFernandes621
Жыл бұрын
@@Series7Guru thanks Dean! so only IAs and state covered.
@Series7Guru
Жыл бұрын
@@SandraFernandes621 as I said de minimus does NOT apply to federally covered IA or their IARs
@eliamora03
2 ай бұрын
Hi Dean, how can I hire some tutoring. I’m struggling with the 66 program I got. Can’t pass practice finals with more than 65%
@Series7Guru
2 ай бұрын
Deantinneytutoring.setmore.com
@jorgequezada2048
2 жыл бұрын
Hey Dean, Hope you enjoyed your new year! As always love your content! Watched every video on this playlist and bought the Kaplan Q bank with your code! Unfortunately, I failed the S66 by 1 point and as you can imagine, am extremely frustrated. Just a thought...or rather question.....is there a chance that you can do a practice explicated on the the most weighted section on the exam? The "laws, regulations and guidelines" (45 question) portion of the exam? I'd appreciate it if possible. Thanks for all your help!
@Series7Guru
2 жыл бұрын
Damn, that hurts. Not a knowledge deficit problem. Some other variable. Did you change answers? Did you watch the two narrative lectures on this? I can and will do that but may take longer than your 30 day wait period to retest.
@jorgequezada2048
2 жыл бұрын
@@Series7Guru yes indeed it hurts. I didn’t change any answers, but I will say that there were some tricky questions, wording was slightly different versus the material I studied. I did watch the two videos, your content helped A LOT! Nonetheless, I appreciate anything you can do from here until the end of month when I retest. Thanks!
@Series7Guru
2 жыл бұрын
@@jorgequezada2048 sounds like a draw from hell. Don't want to put additional pressure on you but never had someone barely miss the mark and not make their mark. This misfortune is just another to pass. A test of resilience.
@jorgequezada2048
2 жыл бұрын
@@Series7Guru Thanks Dean! Thats the way I am looking at it! I'm hoping I can get past it on this next try!
@davidhartgers2151
4 ай бұрын
Hi Dean, will we need to use SML to find expected returns on the 66?
@Series7Guru
4 ай бұрын
No
@davidhartgers2151
4 ай бұрын
@@Series7Guru Would that hold true for using CAPM for finding expected returns as well?
@danielplascencia2504
20 күн бұрын
Dec 31 is not for securities registration , it's only for IAR and IA registration?
@Series7Guru
19 күн бұрын
Correct
@danielplascencia2504
19 күн бұрын
@@Series7Guru gracias
@seabass7496
Жыл бұрын
Dean, does the person advising solely on govt securities include all bills notes and bonds, etc? Also do they need to file anything with the state?
@Series7Guru
Жыл бұрын
No
@seabass7496
Жыл бұрын
@@Series7Guru to expand further, that would be under the 1940 act, but if I’m an advisor registered at the state, does that change having to register as an advisor? So registered at state providing advice on govt security only
@Series7Guru
Жыл бұрын
None of this is testable. The test is hard enough. You will not encounter this on the actual exam but it is the Investment Advisor Act not USA.
@ashleybrewer2670
Жыл бұрын
Dean, I've taken my Series 66 twice now and I will taking my 3rd attempt on 8/1. I got a 69% the first time, but went backwards another 3% the 2nd attempt. The investment vehicles section was my struggle both times, any advice or any material via the playlist that would assist me?
@Series7Guru
Жыл бұрын
There are lots of videos on investment vehicles in the Series 66 playlist
@ashleybrewer2670
Жыл бұрын
Is there a way to search any of that; the investment vehicles/recommendations that is?
@Series7Guru
Жыл бұрын
@@ashleybrewer2670 again it is in the Series 66 playlist and is titled. Like pooled investments, etf, etc.
@kevinperrault7373
Жыл бұрын
Hi Dean, any thoughts on Pass Perfect study material and practice exams? I have been using it to study for the 66 and test on Friday. My scores have ranged from 72 to 77 after 13 exams. My understanding is that the exams change as you take them to focus more on your areas of weakness. I am going over my weak areas again but just wonder if I am spending too much time on a few areas of material. Just curious if you have had any feedback on how effective this type of algorithm is for this exam. Thanks as always.
@Series7Guru
Жыл бұрын
You should be good. PassPerfect is harder and more obtuse than the actual exam.
@anthonybasciano1282
Жыл бұрын
Does Form ADV have to be filed within 90 days of fiscal year, if nothing was amended?
@Series7Guru
Жыл бұрын
Yes. The amendment would be no material change for example.
@SandraFernandes621
Жыл бұрын
dean does the consent to service also apply to federal covered advisors when registering with the SEC? I believe its only state IAS but wanted to double check.
@Series7Guru
Жыл бұрын
Not testable. It is part of the USA.
@SandraFernandes621
Жыл бұрын
@@Series7Guru Thanks Dean, I think my brain is ready to explode lol
@SandraFernandes621
Жыл бұрын
Dean you should do an explicated exam using Pass perfect, I feel like pass perfect really challenges you and I would love to see your input on the questions and how they ask them.
@Series7Guru
Жыл бұрын
@@SandraFernandes621 don't think they would give me permission
@EliGutie
Жыл бұрын
Just to clarify Dean The 100 mill , 100-110mill and 110 mill would apply to IARs only?
@Series7Guru
Жыл бұрын
NO. Assets under management (AUM) is about whether the firm is state or federally covered. It is not about the Investment Advisor Representative. The Investment Advisor Representative either works for a federally covered or state covered Investment Advisor.
@EliGutie
Жыл бұрын
@@Series7Guru ok just confirming- for whatever reason I read IAR when you weere explaining it so i wanna doubke check thanks
@EliGutie
Жыл бұрын
Ahh i know why I saw “registration” and misread it for “represenative” lol
@savagecontent8712
2 жыл бұрын
Do federally covered advisers need to register in the state of their principal?
@Series7Guru
2 жыл бұрын
No. Either SEC or state never both. The IAR of a federally covered advisor will register in the state of the home office and only other states where the IAR has an office or place of business.
@EgressFromStress
Жыл бұрын
Dean taking my 66 Wednesday, would you recommend me to read the actual Acts themselves?
@Series7Guru
Жыл бұрын
No, but would go.over the published test specifications
@EgressFromStress
Жыл бұрын
@@Series7Guru outline right?
@Series7Guru
Жыл бұрын
Yes
@EgressFromStress
Жыл бұрын
@@Series7Guru thanks Sir! Hope you are well!
@meredith1801
Жыл бұрын
So I’m assuming the content in your 65/66 videos is also content in the 63
@Series7Guru
Жыл бұрын
For the most part. If it is in 63 playlist or titled as such it is. Check the title. Says 63 so it testable content on 63.
@BlueHawk350
2 жыл бұрын
17:30 "dont tell anyone i said this" says it on public youtube lol
@Series7Guru
2 жыл бұрын
Oops. Lol.
@chowfamilyemail4498
3 жыл бұрын
Hi Dean. I am taking series 65 in less than 48 hours, could you please help me understand this questions? The correct answer on Kaplan is A, not required to be registered because US government security is a Federal exempt advisor so the answer says that Not Required to be registered in the state. However, the question is asking about the PERSON not the Firm. I would agree with A if it's asking if the firm needs to be registered. But I thought "person" is referring to the IAR, and IARs are all registered in the state. It doesn't matter if the security they are selling is federally covered or not. All IARs need to be registered with the state, so I thought that the answer should be C. HELP. :'( Under the USA, a person who is in the business of providing advice on trading futures contracts in addition to advising clients on securities issued or guaranteed by the U.S. government is A) not required to be a registered investment adviser in the state B) required to be a registered investment adviser in the state C) required to be a registered investment adviser representative in the state D) required to be a registered agent in the state
@Series7Guru
3 жыл бұрын
Both the Investment Advisor (the firm) and the Investmeny Advisor Representative (the individual) are persons. The Investment advisor (the firm) is an unnatural person and the Investment Advisor Representative (the individual) is a natural person. This question is about an unnatural person (the firm).
@chowfamilyemail4498
3 жыл бұрын
@@Series7Guru Oh wow. That makes sense. I keep missing the same type of questions thinking that a person has to be a natural person. Thank you DEAN!
@victoriavarisco2893
2 жыл бұрын
@@Series7Guru Hey Dean, I understand the "person" portion of this question but not the "being in the business of providing advice on trading futures contracts" part. Do you not have to register if you provide advice on futures contracts?
@Series7Guru
2 жыл бұрын
@@victoriavarisco2893 no. Commodities futures are regulated by the CFTC not state administrators. You will not see this on your test.
@mihirsaudagar1798
2 жыл бұрын
Is the net worth requirement to notify the administrator promptly only for state-covered IAs? SEC registered update AUM on form ADV annually and that is all that matters? Even if they fall under 90M during the year, as long as they are above the 90M minimum when updating, they're good?
@Series7Guru
2 жыл бұрын
Yes. Only for state covered. For test purposes yes when updating.
@mihirsaudagar1798
2 жыл бұрын
@@Series7Guru Thanks!
@hagodi
2 жыл бұрын
I've read is fewer than five retail clients, is it six or five?Thanks!
@Series7Guru
2 жыл бұрын
Five or fewer which is the same as less than six.
@hagodi
2 жыл бұрын
@@Series7Guru thanks! Last question. I’ve read registration renewal is Dec 31st & also a year from when it was registered. Could you briefly explain who and what is for dec 31 and who is a year from registration?
@Series7Guru
2 жыл бұрын
@@hagodi it is December 31. There is no answer on that is annual except the registration of an offering through qualification.
@10xleverage
2 жыл бұрын
Quick question, if you have the 79 but no 63, in what ways are you limited?
@Series7Guru
2 жыл бұрын
63 is a state registration for agents of broker/dealers who have retail customers in a state. 79 is for agents of broker/dealers engaged in investment banking. Investment banking activities conducted by a 79 almost never involve retail customers so not much overlap. May not be able to do business with individuals.
@10xleverage
2 жыл бұрын
@@Series7GuruThank you!
@savagecontent8712
2 жыл бұрын
Passed the 63! Do you think it’s possible to be ready for the 7 in 4 days? I got a 68 my first try options was my weak area? Or should I give myself more time
@Series7Guru
2 жыл бұрын
Done any Series 7 practice exams? If so, what was your score?
@savagecontent8712
2 жыл бұрын
@@Series7Guru I haven’t recently, will do some today. I spent most of the time on the 63
@Series7Guru
2 жыл бұрын
@@savagecontent8712 that score would be informative for a time line to test.
@savagecontent8712
2 жыл бұрын
So de minimis rule also applies to IAR?
@Series7Guru
2 жыл бұрын
Yes but not needed by an IAR of federally covered IA unless they have a place of business in the state. An IAR can hundreds of clients in a state and not tegister.
@crusherman22
3 жыл бұрын
Hey Dean, I’m only about halfway through the video at the time of typing this but can you explain that consent to service a little more?
@Series7Guru
3 жыл бұрын
Very testable. Consent to service allows the administrator to accept legal papers or documents on behalf of the IA, BD, agent of the BD or the IAR. I am trying to serve you and can't find you I serve the administrator. The administrator accepts on your behalf and you are considered served.
@xyyang1120
2 жыл бұрын
I took 65 today, and failed with 66%, so sad! I have been using training consultant book, should I go with Kaplan this time? I did all the practice exams on that, and the exam was actually feel harder and some of the area did not cover in the book.
@Series7Guru
2 жыл бұрын
Damn! That hurts. 60% is not knowledge deficit. Some other variable. I am not big fan of training consultants. Yes, if not the whole 65 package at least the Kaplan Q bank. Feel free to use my 10% discount code at checkout. It is Guru10.
@xyyang1120
2 жыл бұрын
@@Series7Guru Thank you, used your code and order a Kaplan to continue studying, hope I can pass it in Jan after studying this time
@Series7Guru
2 жыл бұрын
@@xyyang1120 sure we can find the points you need to make your mark on your next attempt.
@xaxiobrandish
5 ай бұрын
It should be "who's", not "whose". Then again, this isn't an English class.
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