The Series 66 exam is designed for people who want to work as an investment advisor representative (IAR). This exam covers investment vehicle characteristics, economic factors and business information, client investment recommendations and strategies, laws, regulations, guidelines, and unethical business practices.
The best exam prep courses offer student support, a reputation for helping students pass their first try, and pass guarantees. We reviewed a variety of Series 66 exam prep courses to determine the best options available.
Best Overall : ExamFX
Why We Chose It: ExamFX is the best overall Series 66 exam prep course because of its student support, pass guarantee, and live online training.
Live training option
90 days of course access
Doesn’t disclose pass rate
While it doesn’t advertise its pass rate, over 7.5 million insurance and securities candidates have relied on ExamFX since 1996 to pass their exams. Each of its packages provides access to instructors, simulated exams, and a pass guarantee. Its live classes are offered biweekly if you get the live online package.
|Self-Study Package||Video Study Package||Live Online Package|
|90-day course access||All Self-Study Package features||All Video Package features|
|Interactive learning portal||OnDemand video lectures||Live online training|
|Online exam simulations||Online flashcards|
ExamFX gives you access to its prep courses for just 90 days which isn’t very long compared to most course options. If you score 80% or higher on your Guarantee Exam but fail your Series 66 exam, ExamFX will refund the cost of your course. To supplement your studies, you can purchase printed flashcards or a study guide for $34.95 and a tip sheet for $11.95.
If you’ve bought the Live Online package, your live class takes place virtually from 10:00 a.m. to 5:00 p.m. CST and is usually held for two days a couple of times per month.
Best Value : Kaplan Financial Education
Why We Chose It: Kaplan Financial Education offers all the necessary components without all the fluff to pass your Series 66 the first time, all for a reasonable price.
Live and on-demand virtual classes
Paid option to extend course access
Customizable smart study calendar
No pass guarantee
No mobile app
Doesn’t disclose pass rate
Kaplan Financial Education has helped candidates pass their securities exams for over 50 years. Many broker-dealers use Kaplan’s materials because of its reputation for success, despite no exam guarantee or advertised pass rate.
|Kaplan Financial Education Features|
|Exam tips and content updates||All Basic package features||All Essential package features|
|Practice exam||Video library||Class notes|
|SecuritiesPro QBank||Midterm exam||Checkpoint exams|
|Performance tracker||Mastery exam|
|License Exam Manual||Live or OnDemand class|
Kaplan lets you access its exam prep course for five months, but if you need more time, you can purchase a five-month extension for $49. The Premium package also gives you the option to either attend a live class online over the course of three days or watch the content on-demand. Live classes are offered weekly during the day as well as evenings.
Your License Exam Manual (LEM) is your printed textbook instruction, and the rest of your materials will be online. If you get the Premium package, you will also be able to access an instructor who will respond to your question within two business days.
Best Self-Paced Course : Pass Perfect
Why We Chose It: Pass Perfect provides the best self-paced Series 66 exam prep course because of its performance-based content delivery system that helps shorten your study time. It also offers simulated exams that mimic the real thing.
Instructor email and phone support
Offers practice questions after each section
Take exams an unlimited number of times
Doesn’t publish pass rate
Pass guarantee only available in one package
No instructor support in Pass Plus package
Since 1967, Pass Perfect has been offering candidates comprehensive exam prep courses for securities exams. While it doesn’t publish its pass rate, it does have a reputation for helping students pass their first try. All three of its packages are perfect for the independent learner and its Pass Promise package also includes a live virtual review to supplement the study material.
|Pass Perfect Packages|
|Pass Plus||Pass Plus Pro||Pass Promise|
|Online study guide||All Pass Plus features||All Pass Plus Pro features|
|Interactive dashboard||Print or eBook study guide||Pass guarantee|
|Dynamic study calendar||Digital flashcards||Live virtual review|
|Audio tutorials||Instructor email and phone support|
|Glossary||On-demand virtual review|
|Chapter intro videos|
|In-reading concept questions|
|Chapter, unit mastery, and final comprehensive exams|
Pass Perfect offers access to its exam prep course materials for seven months. The course includes a dynamic study calendar that helps you set your pace while studying. It also offers exams that test your knowledge at each milestone, including the end of every chapter and unit as well as your final.
If you sign up for the Pass Promise plan and don’t pass your Series 66 exam on the first try, you have the choice to get your money back or keep all the material and resources until you pass. The Pass Promise plan also includes a 3-day live virtual class held twice per month.
Best for Student Experience : Securities Training Corporation
Why We Chose It: Securities Training Corporation (STC) offers its students unlimited help via the Instructor Hotline, 24/7 tech support, and live virtual classes.
Instructor access via phone or email
Six months of course access
24/7 tech support
No pass guarantee in standard package
Outdated mobile app
For over 50 years, STC had been offering exam prep courses in over 24 securities examinations and boasts a collective 95% pass rate across all of its exams. Most of its packages come with a pass guarantee and all of them include instructor access. STC’s Premier Plus package even features a live virtual class and weekly live Q&A sessions.
|Securities Training Corporation Packages|
|Series 66 Standard||Series 66 Premier||Series 66 Premier Plus|
|Instructor hotline||All Standard package features||All Premier package features|
|Crunch time facts||Progress exams||Live virtual class|
|24/7 tech support||Green Light exams||Recorded live virtual class|
|Free course updates||On-demand lectures||Live weekly Series 66 Q&A sessions|
|6 months of enrollment||Flashcards|
|Online study manual||STC pass guarantee|
|Printed study manual|
STC estimates you need approximately 85 hours of study time to pass the Series 66 exam. With six months of course access, that gives you plenty of time to study and retake the exam if you don’t pass on your first try. If you need help, you can contact the instructor hotline to speak with securities experts. You can also email them anytime.
STC Premier or Premier Plus packages also offer a pass guarantee. If you complete all final exams and the Green Light exams with 75% or better and fail your Series 66 exam, you get your money back. The Premier Plus package also offers unlimited retakes of the live class for an entire year at no additional charge until you pass the exam.
Best Variety of Study Resources : Training Consultants
Why We Chose It: Training Consultants offers a wide variety of study resources, including video lectures, textbooks you can highlight, instructors who will answer your questions and quizzes, and exams to test your knowledge.
Online and phone instructor access
Unlimited access to exams and lectures
Instructor phone support
Two packages limit access to 90 days
On-demand video lectures are not very engaging
No pass guarantee
Training Consultants has helped candidates pass their securities exams since 1979. It offers one of the most comprehensive Series 66 exam prep courses available with its online and printed materials, videos, instructor access, and many quizzes and tests.
|Training Consultants Packages|
|Textbook Package||Online Course Package||Live Class Package||Everything Package|
|90-days access||180-days access||90-days access||180-days access|
|Hard-copy textbook||Hard-copy textbook||Hard-copy textbook||Hard-copy textbook|
|Personalized study plan||eBook||Live instruction||eBook|
|Best practice guide||On-demand video lectures||Personalized study plan||On-demand video lectures|
|Practice question sets||Personalized study plan||Best practice guide||Live instruction|
|Benchmark final||Best practice guide||Practice question sets||Personalized study plan|
|Standard final exams||Spotcheck quizzes||Benchmark final||Best practice guide|
|Custom exam generator||Practice question sets||Standard final exams||Spotcheck quizzes|
|Phone instructor support||Checkpoint exams||Custom exam generator||Practice question sets|
|Glossary and acronyms||Benchmark final||Phone instructor support||Checkpoint exams|
|TC critical facts||Standard final exams||Glossary and acronyms||Benchmark final|
|Real-time content updates||Custom exam generator||TC critical facts||Standard final exams|
|Report center||Online and phone instructor support||Real-time content updates||Custom exam generator|
|Glossary and acronyms||Report center||Online and phone instructor support|
|Online flashcards||Glossary and acronyms|
|TC critical facts||Online flashcards|
|Real-time content updates||TC critical facts|
|Report center||Real-time content updates|
In addition to its packages, Training Consultants also offers an Online ExamCenter for $99 and online flashcards for $49. You can also hire a private tutor, though you will need to contact the company for rates.
If purchasing a Training Consultants package with live instruction, expect two days of virtual classes conducted via WebEx. You’ll also get a study calendar that tracks and maps your progress so you know what you need to spend more time on and what you’ve mastered.
Passing your Series 66 is a crucial component to solicit and sell securities within a state as an investment advisor. The other key piece is to obtain your Series 7 and SIE before registering with the state.
We recommend ExamFX because of its pass guarantee, instructor support, and live training option. Your learning style, budget, and time you have to dedicate to studying should factor into which exam prep course you choose.
Compare The Best Series 66 Exam Prep Courses
|Course||Course Format||Individual Tutoring?||Course Access||Cost|
|Self-Study, Live, and On-Demand||No||90 days||$159.95–$317.80|
Best Self-Paced Course
|Self-Study, Live, and On-Demand||No||7 months||$149–$289|
|Securities Training Corporation
Best for Student Experience
|Self-Study, Live, and On-Demand||No||6 months||$121.50–$265.50|
|Training Consultants Best Variety of Study Resources||Self-Study, Live, and On-Demand||Yes||90 to 180 days||$184–$325|
|Kaplan Financial Education
|Self-Study, Live, and On-Demand||No||5 months||$149–$269|
Frequently Asked Questions
What Is the Series 66 Exam?
There are 100 multiple-choice questions on the exam; you have 150 minutes to take it and must score at least 73%. The co-requisite of the Series 66 exam is the Series 7 Top-Off exam, so you will need to pass both before you can apply to register in a state.
How Much Do Series 66 Exam Prep Courses Cost?
Series 66 exam prep course prices differ between each course provider but usually start at $140 and approach $300. However, there are options outside of this range. Lower-cost courses are often self-study only, and higher-cost packages often include a live component.
If you need to hire a tutor, you can expect to spend around $100 per hour. Aside from your study materials, the cost of the exam itself is $177, paid directly to FINRA, often by your broker-dealer.
Are Series 66 Prep Exam Prep Courses Worth It?
The Series 66 covers state law, which can help you understand what you should and shouldn’t do as an advisor. Material on the exam is notoriously dry and full of legalese. Even if you have a legal background or already work in the securities industry, you won’t pass the exam without studying for it.
Most importantly, having a Series 66 designation can go a long way towards improving your job prospects in the securities industry.
How Many Hours Should You Study for a Series 66 Exam?
The amount of time required for you to study and pass your Series 66 exam depends heavily on your ability to grasp the information, as well as your background in the industry. However, you can expect to spend between 50 and 100 hours of study. Some exam prep courses also have built-in tools to automatically adjust what you’re learning based on how well you know the material.
How Hard Is It To Pass the Series 66 Exam?
Some broker-dealers require their employees to sit for the Series 7 first, as it’s the harder of the two, but you should not underestimate the Series 66. It is not an easy test, and it’s not uncommon for people to take it lightly and fail on the first try after facing the Series 7.
The Series 66 is the equivalent to passing both the Series 63 and Series 65, which are both easier than the Series 7 but still challenging. You can expect the material on the Series 66 to be drier than the Series 7, even though the Series 7 is more difficult of the two.
We evaluated 23 different Series 66 exam prep courses and narrowed them down to the best options based on company reputation, pass rates, course flexibility, and cost. Also weighing heavily in our rankings were customer reviews and quality of training.
Each of our picks also offers self-study options, reasonable price points, and an excellent reputation for helping students pass their Series 66 on their first try. Some of our picks also provide pass guarantees.