AREA 01
Economic Factors and Business Information
15%
20 questions
SHARE OF THE 130 SCORED ITEMS
Series 65 · NASAA Uniform Investment Adviser Law Exam
Ready is not a feeling. It is 92 out of 130.
Every drill here gives you 15 seconds a question against the exam’s 77. Train at 5× exam speed. On test day, 77 seconds feels slow.
The simulation
Sit one now. Score it honestly.
Practice Exam 8 is the newest run. 130 questions, 15 seconds on screen each, then the correct answer and a short explanation. Nothing to sign up for.
RUN RULE 01
Keep score on paper. One line per question, marked as you go.
RUN RULE 02
Tally by section during the run, not at the end.
PASS LINE · NASAA
92 of 130 scored items is a pass.
BENCHMARK · BANCLYT
110 or better means book it.
Pacing
Speed is a separate skill from knowledge.
15s
77sBanclyt drill
15 seconds on screen, then the answer
Real exam allowance
180 minutes ÷ 140 items = 77 seconds per item
You can know an answer and still lose the item. Fifteen seconds is not enough time to reason from scratch, so the drill only measures one thing: whether the answer is automatic yet. Miss it at 15 seconds and you have found something you have not finished learning, even if you would have got it eventually.
The drills overshoot deliberately. Training at five times the pace you will actually be given buys back the seconds you spend second-guessing on test day, and second-guessing is what turns a known item into a lost one.
THE CLOCK YOU WILL FACE
- Items on the exam
- 140
- Scored
- 130
- Unscored pretest
- 10
- Minutes
- 180
The 10 pretest items are scattered at random and unlabelled. You cannot tell which they are, so every item gets answered as if it counts.
The library
Eight full simulations. Each one is a different 130.
Missing the same section twice is data. Run a second exam, compare the tallies, and the pattern stops being a feeling.
Retake waits are 30 days after a first or second failure and 180 days after a third. There is no quick second attempt, so the next one has to land.
All simulations on YouTubeNASAA content outline
Which section is sinking you?
Tally a run by section and the answer is arithmetic. A section carrying 39 questions and a 30% weight costs you the pass faster than one carrying 20.
Study Guide 1 — full walkthrough27:01 ↗
AREA 02
Investment Vehicle Characteristics
25%
32 questions
SHARE OF THE 130 SCORED ITEMS
AREA 03
Client Investment Recommendations and Strategies
30%
39 questions
SHARE OF THE 130 SCORED ITEMS
AREA 04
Laws, Regulations, and Guidelines, incl. Prohibition on Unethical Business Practices
30%
39 questions
SHARE OF THE 130 SCORED ITEMS
Weights and question counts are NASAA’s published outline. One Study Guide covers each area end to end, and the four together cover the whole outline. There is also a 10-minute cheat sheet ↗ of the formulas, traps and numbers that keep costing people items.
Free scorecard
A printable sheet for scoring a 130-question run.
One page. 130 numbered lines grouped by the four NASAA areas, with the 92 and 110 lines marked, so at the end of a drill you can see where you landed and which area took it from you without doing the arithmetic.
- 01130 lines, grouped by section
- 02Per-section totals against the NASAA weights
- 03The 92 and 110 lines printed on the page
In progress
Three things being built next.
- Study guide PDFs
- The four content areas written out, with the thresholds and dollar figures you have to hold in memory.
- Flashcards
- The definitions, day counts and limits that decide items you would otherwise reason your way out of.
- Academy
- A paced programme that schedules the drills for you and tracks section tallies across runs.