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Finance & investment · Investment adviser licensing

Series 65 practice exams

Uniform Investment Adviser Law Examination

Full 130-question Series 65 simulations and an eleven-part study guide mapped to the NASAA content outline, with an answer and explanation after every question.

  • 8practice exams
  • 1,040original questions
  • 11study-guide parts
  • 4lessons

Start here

Sit Series 65 Practice Exam 1 cold.

Before you study anything, take a full exam. The tally tells you where to spend your hours; guessing does not.

  1. 01Keep a sheet of paper beside you. Write your answer before the reveal.
  2. 02Each question is on screen for 15 seconds. Pause if you need longer, but note it.
  3. 03Mark the domain of every miss as you go, not at the end.
  4. 04Score the 130 questions and tally by section. 92 correct is the pass line; aim for 110 before you book the real exam.
Series 65 Practice Exam 1Watch on YouTubeSubscribe
Fig. 1Series 65 Practice Exam 1 · 130 questions · 56:48

Content domains

Where the 130 questions come from.

Fig. 2Content domains, weight and questions, out of 130 questions.

Every mock exam is weighted the way the real exam is. Score yourself by domain rather than by total: a heavy domain costs you the pass faster than a light one.

Score the 130 questions and tally by section. 92 correct is the pass line; aim for 110 before you book the real exam.

Content domains, weight and questions, out of 130 questions
sectionWeightQuestions
Economic Factors and Business Information15%20
Investment Vehicle Characteristics25%32
Client Investment Recommendations and Strategies30%39
Laws, Regulations, and Guidelines, incl. Prohibition on Unethical Business Practices30%39
Total100%130

Library

All 8 practice exams.

Each one is a different set of 130 questions. Sit them in order and compare your domain tallies from one to the next.

No.CoverTitleFormatQuestionsRuntimePublished
S65-E01Series 65 Practice Exam 1by section, every answer explainedPractice exam13056:4826 Aug 2026
S65-E02Series 65 Practice Exam 2by section, every answer explainedPractice exam13056:2327 Aug 2026
S65-E03Series 65 Practice Exam 3by section, every answer explainedPractice exam13056:0527 Aug 2026
S65-E04Series 65 Practice Exam 4by section, every answer explainedPractice exam13056:3427 Aug 2026
S65-E05Series 65 Practice Exam 5by section, every answer explainedPractice exam13056:0431 Aug 2026
S65-E06Series 65 Practice Exam 6by section, every answer explainedPractice exam13056:1523 Sep 2026
S65-E07Series 65 Practice Exam 7by section, every answer explainedPractice exam13055:2331 Aug 2026
S65-E08Series 65 Practice Exam 8by section, every answer explainedPractice exam13055:1231 Aug 2026

Study guide

The whole exam, in eleven parts.

Part 1 explains the exam: its format, scoring, content weights and a study plan. Parts 2 to 11 teach it topic by topic, from economics to ethics. After a practice exam, watch the parts behind your weakest section.

No.CoverTitleFormatQuestionsRuntimePublished
S65-G01Exam Explained (2026)Format, Scoring, Content Weights & Study PlanStudy guide—14:4921 Sep 2026
S65-G02Economics & Analysis (2026)Yield Curves, Ratios, ChartsStudy guide—22:3221 Sep 2026
S65-G03Orders, Margin & Equity Securities (2026)Study guide—17:3222 Sep 2026
S65-G04Bonds Explained (2026)Yields, Duration, MBSStudy guide—12:5122 Sep 2026
S65-G05Mutual Funds & ETFs (2026)Share Classes, Breakpoints, NAVStudy guide—10:5722 Sep 2026
S65-G06Annuities & Insurance (2026)Fixed, Variable, IndexedStudy guide—10:2022 Sep 2026
S65-G07Alternatives, Options & Crypto (2026)REITs, Hedge Funds, PutsStudy guide—10:0022 Sep 2026
S65-G08Suitability & Portfolio Theory (2026)CAPM, Sharpe, AllocationStudy guide—18:5022 Sep 2026
S65-G09Retirement & Tax (2026)IRAs, RMDs, Capital GainsStudy guide—21:4923 Sep 2026
S65-G10Securities Law (2026)Advisers Act, NSMIA, De MinimisStudy guide—18:3223 Sep 2026
S65-G11Ethics & Compliance (2026)Fiduciary Duty, Custody, AML, ADVStudy guide—25:2023 Sep 2026
S65-C01Every Series 65 cheat sheet in 10 minutesFormulas, exam traps, numbersCheat sheet—9:415 Sep 2026

Lessons

Four videos, one for each section.

The first study guide: one video for each of the exam's four sections, with its weight. Under two hours in all, against about three for the eleven parts, so a quicker review before test day.

No.CoverTitleFormatQuestionsRuntimePublished
S65-L01Study Guide Part 1Economic Factors and Business InformationLesson—27:0131 Aug 2026
S65-L02Study Guide Part 2Investment Vehicle CharacteristicsLesson—35:1631 Aug 2026
S65-L03Study Guide Part 3Client Recommendations and StrategiesLesson—26:051 Sep 2026
S65-L04Study Guide Part 4Laws, Regulations, and EthicsLesson—26:401 Sep 2026

Questions

Before you start.

Are these real Series 65 questions?

No. They are original questions written to the NASAA content outline, weighted by section the way the real exam is.

Why 15 seconds when the exam gives about 77?

The drills overshoot on purpose. Training at a fraction of the real allowance buys back the seconds you spend second-guessing on test day.

What score means I am ready?

92 of 130 scored items is the NASAA pass line. 110 is our own benchmark for booking the exam: a margin, not a rule.

Where should I start?

Sit Practice Exam 1 cold and tally by section. Then watch the study-guide parts behind your weakest section before the next exam; Part 1 explains the exam itself.

Banclyt is not affiliated with, endorsed by, or sponsored by NASAA or FINRA. Series 65 is administered by FINRA.