SIE Available for Purchase
The wait for the BEST SIE exam preparation material is over.
The SMART SIE Program and its associated bundles are now available for purchase! Get the edge you need to open a new window of opportunity in the securities industry.
Please visit our SIE Page for details.
Why You Should Take Your Securities Licensing Exam NOW!
The big changes to the FINRA registered representative exams take effect October 1st, 2018. Here is what it means for you!
- As long as you are registered to take your exam by September 30th, 2018, you will take the current exam. You have 120 days to do this, so the current exams will be administered through January 2019.
- Taking the current exam means that you take only 1 exam to be licensed - not 2, which will be the case with the upcoming FINRA restructure.
- Taking the current exam means that you are taking a proven exam that we have trained for over the past 30 years. As long as you do the required work, you have a 94% probability of passing the current exam. As the industry has learned in the past with any new exam, there are always transitional issues, and a lower passing percentage, until everyone gets used to the new format.
Anyone who is thinking about taking the Series 7 or Series 6 exam in the next few months should take their test NOW and not wait until the new format starts!
The Questions We Are Being Asked About SIE
How long will someone need to study to prepare for the SIE?
We estimate that it will take about 25 hours to review the course content, and that the candidate will need to complete at least 10 Practice Finals, which should take about another 13 hours. Plan on studying a total of around 40 hours to prepare for the SIE
How much overlap is there between the SIE and the revised Series 7 Top-Off Exam?
A lot! The SIE covers most of the Series 7 content on a basic level. What is missing from the SIE - and which will only be covered in the Top-Off - is advanced options strategies, margin accounts and margin account calculations, advanced suitability questions, most of taxation and most of analysis.
How much overlap is there between the SIE and the revised Series 6 Top-Off Exam?
Not so much! The SIE is basically a Series 7 "light." It covers a much broader range of information than the current Series 6 exam - and the content is tougher. For those individuals taking the SIE in preparation for the Series 6 Top-Off, the SIE should be the tougher exam.
Should I take the SIE and Top-Off exam on the same day?
We are not recommending this. The SIE content should be studied, and the exam taken, before starting the study process for the Series 6 or Series 7 Top-Off exam. However, the Top-Off should be taken as soon as possible after passing the SIE.
Can I take the SIE now?
The SIE will not be offered by FINRA until October 1st, 2018. That is the first day that anyone can sign up for the test.
Can I start studying for the SIE now?
We are recommending that people interested in preparing for the SIE should start studying in September of 2018.
What if I want to take the "old" Series 6 or Series 7 exam?
Anyone who opens a test window in CRD before October 1st will be given the "old" exam. Because the window is open for 120 days, this means that the old exam(s) will still be administered through January 2019.
Can I take the Top-Off exam before I take the SIE?
You could, but it really does not make any sense. The SIE is basic material that the Top-Off exam builds on.
Will taking the SIE get me a job at a FINRA member firm?
No! It simply shows that you are motivated and interested in getting a job with a FINRA member firm. In order to take a Series 6 or Series 7 (Top-off) exam you must be sponsored by a FINRA member firm and complete a background check. This means that the firm must hire you.
Stay up-to-date: learn more.
We Are Ready for the SIE Exam
We have completed our Securities Industry Essentials (SIE) Textbook and are currently wrapping up our SMART SIE Interactive Web Training Program. The SIE Course is divided into three modules, covering the content of the FINRA Study Outline.
The Three Modules are:
Retirement / Education Plans
Analysis / Taxes
Each module is followed by a Mastery Exam. By breaking apart the content into three modules, students can more easily cover the three "more difficult" areas of the examination - Debt, Options and Regulations, and can also refresh on these areas as they are getting close to taking the actual examination. After completing the three modules, students can take representative sample Finals from our extraordinarily large pool of exam-related questions.
The textbook is 525 pages long, excluding Chapter Exams, Mastery Exams and Final Exams. With over 30 years of experience in writing, teaching and building FINRA exam training courses, we are confident that our program has the depth of content necessary to pass this new exam.
Pricing will be announced at that time. Associates in the compliance or registrations departments of FINRA member firms who wish to obtain a sample copy can contact us directly for a free review copy at: email@example.com
Sign up for the latest SIE news, updates and discounts at: www.passperfect.com/SIE
Additional Series Added To Mobile App
Pass Perfect updated its DATABANK To Go App for iOS and Android users.
In addition to the Series 6 and 7, Pass Perfect students studying for the Series 63, 65, 66, 9, 10, and/or 24 exams can also study on the go with the app.
Designed as a supplemental tool for students studying for the mentioned exams, the DATABANK To Go App can be used offline as the perfect prep addition whenever the opportunity arises.
The app is included with the purchase of the SMART Interactive Web Training or the DATABANK Practice Exams, and can be download on the App Store or Google Play Store.