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Investment Company and Variable Contracts Products Representative Qualification Examination (Series 6)
600 questions
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About this exam
The Investment Company and Variable Contracts Products Representative Qualification Examination (Series 6) is a FINRA qualification exam for people who will sell certain investment company and variable contract products through a broker-dealer. It is commonly relevant to representatives working in bank insurance programs, although passing the exam alone does not authorize every activity. Candidates generally need a sponsoring FINRA member firm to enroll for the Series 6, and must also meet applicable registration and state insurance licensing requirements for the products they sell.
The Series 6 exam covers customer accounts and recommendations, product features, securities rules, and transaction handling. Key study areas include investment company product types and structures; mutual fund net asset value (NAV) and share pricing; share classes, sales charges, and breakpoints; and fund fees, expenses, and performance measures. The exam has 50 scored questions and five unscored pretest questions, with 70 minutes allotted; the passing score is 70%. Preparation means learning how concepts apply to customer situations, not just memorizing definitions.
How to prepare for the Series 6 exam
- Study the current FINRA Series 6 content outline, then organize review around its functions and the products representatives may discuss with customers.
- Compare mutual fund share classes, sales charges, breakpoints, NAV calculations, fees, and performance measures; work through timed multiple-choice practice and review the reasoning behind missed answers.
- Use FINRA’s current exam information and your firm’s study guidance to confirm requirements and exam details. For bank insurance roles, also check which state insurance licenses apply to variable products.
FAQ
Who is eligible to take the Series 6 exam?
Candidates typically need a FINRA member firm to sponsor their Series 6 enrollment. The Securities Industry Essentials (SIE) exam is a separate corequisite and can be taken without firm sponsorship. Registration and state insurance licensing requirements may also apply to the products and activities involved.
How many questions are on the Series 6 exam, and how long is it?
The exam includes 50 scored questions and five unscored pretest questions, with 70 minutes to complete it. The passing score is 70%. Check FINRA’s current exam information for any updates.
What subjects should I study for the Series 6 exam?
Review investment company and variable contract products, customer accounts and recommendations, securities regulations, and transaction processing. Give particular attention to mutual fund NAV and pricing, share classes and sales charges, breakpoints, fees, expenses, and performance measures.