Uniform Investment Adviser Law Exam
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The Uniform Investment Adviser Law Examination also called the Series 65 exam was developed by NASAA and is administered by the NASD. This examination is designed to qualify candidates as investment adviser representatives.
The Uniform Investment Adviser Law Examination consists of 130 questions plus 10 pretest questions. Applicants are allowed 180 minutes to complete the examination. At least 89 (68.5%) of the questions must be answered correctly for an individual to pass the Series 65 exam.
The examination is conducted as a closed book test. Upon completion of the examination, the score for each section and the overall test score will immediately be made available to the candidate.
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