NASAA Series 65 Study Guide (2026)
The Uniform Investment Adviser Law Examination (Series 65) tests 130 scored questions across 4 core areas. Master economic indicators, financial ratios, investment vehicles, portfolio theory, client recommendations, and state & federal adviser regulations across 4 chapters and 16 lessons.
Complete Series 65 Curriculum
Browse all 16 interactive lessons across 4 curriculum chapters. Every lesson includes verified blueprint takeaways, common examination traps, and interactive practice checkpoints:
Economic Factors & Business Information
Master macroeconomic indicators, monetary and fiscal policy, financial statement analysis, and valuation models tested on the Series 65.
Investment Vehicle Characteristics
Deep-dive into the features, risks, and taxation of equities, fixed income securities, packaged pooled vehicles, and derivatives.
Client Investment Recommendations & Strategies
Fiduciary asset management, Modern Portfolio Theory, retirement accounts, education savings, tax strategies, and estate planning.
Laws, Regulations, and Guidelines
The regulatory core: Investment Advisers Act of 1940, NSMIA thresholds, Form ADV, custody rules, ethics codes, and prohibited practices.
Interactive Study Tools & Resources
Reinforce what you learn in the guide with our suite of free interactive Series 65 tools:
130-Question Mock Exam
Simulate the full 3-hour Prometric testing window with 130 scored questions and distractor autopsies.
Launch Practice Exam →Series 65 Cheat Sheet
High-yield tables for IA registration thresholds, brochure delivery rules, custody requirements, and financial ratios.
View Cheat Sheet →4-Week Mastery Plan
Comprehensive 4-week study plan with weekly diagnostic tests and Prometric exam-day strategies.
View Study Plan →