Series 65 exam: 140 questions, 3 hours, free practice
The Series 65 exam, owned by the North American Securities Administrators Association (NASAA), has 130 scored questions (140 in total) and a 180-minute limit. Passing standard: 92 of 130 scored questions right. We have not recorded the exam fee. Figures checked 2026-10-08 against the published pages of the North American Securities Administrators Association (NASAA).
Exam at a glance
| Item | Detail | Checked |
|---|---|---|
| Owner | North American Securities Administrators Association (NASAA) (nasaa.org) | 2026-10-08 |
| Delivered by | FINRA / Prometric | 2026-10-08 |
| Questions | 130 scored, 140 in total | 2026-10-08 |
| Time allowed | 180 minutes | 2026-10-08 |
| Passing standard | 92 of 130 scored questions right | 2026-10-08 |
| Exam fee | Not recorded here (North American Securities Administrators Association (NASAA) exam page) | 2026-10-08 |
| Retake rule | See the owner's handbook (North American Securities Administrators Association (NASAA)) | 2026-10-08 |
| Languages offered | English | 2026-10-08 |
| Outline version | Official outline (Outline) | 2026-10-08 |
| Last verified | 2026-10-08 | 2026-10-08 |
Last verified 2026-10-08. The next scheduled re-check is 2026-10-08, the earliest date set on any question in this bank.
Free practice
Practice and timed mocks are free, with right or wrong on every answer and your total score. The full analysis is $39, once.
Do you need it to work?
Most states: state securities regulators set the Series 65 requirement for investment adviser representatives, and many accept the Series 66 with the Series 7 or a recognized designation such as the CFP. NASAA owns the exam. NASAA, Exams, retrieved 2026-10-11.
What is on the exam
| Domain | Weight |
|---|---|
| Economic Factors and Business Information | 15% |
| Investment Vehicle Characteristics | 25% |
| Client Investment Recommendations and Strategies | 30% |
| Laws, Regulations, and Guidelines Including Prohibition on Unethical Business Practices | 30% |
Official outline: www.nasaa.org/wp-content/uploads/2023/02/Series-65-Outline-June-2023.pdf, checked 2026-10-08.
How hard is it: pass rate
This page does not show a pass rate yet. We add a figure only after we read it on North American Securities Administrators Association (NASAA)'s own page and record the year it covers, so a number here always has a year and a source.
What it costs and how long it takes
We have not recorded a cost and time estimate for this credential yet, so none is shown.
How these questions are made
The questions are drafted with AI (Anthropic's Claude) from the official outline and primary sources. They are not copied from real exams. The DecipherU item team checks each one against the source it cites, and a blind independent AI review answers each without the key. A licensed professional has not reviewed them unless this page says so. Details are on the AI disclosure page.
Who stands behind this page
- Accountable editor
- Julian Calvo, Ed.D., founder. Ed.D. in Learning Sciences (University of Miami), MBA (Lynn University), Master's in Organizational Learning and Leadership (Barry University). His credentials are in learning sciences and assessment design, not in the field this exam covers.
- Licensed professional review
- None on record. No licensed professional has reviewed this question bank. It is drafted with AI and checked against its cited sources by the DecipherU item team.
- How the questions are made
- Drafted with AI (Anthropic's Claude) from the official outline and primary sources, then checked against the source each question cites by the DecipherU item team. Julian Calvo designed this method. No real exam content is used. Read the AI disclosure and the methodology.
- What this bank shows
- 90 live questions; 90 cite at least one primary source. 12 carry a re-check date (the earliest is 2026-10-08), and 4 are past it.
- Facts last checked
- . Found a mistake? Report it in the corrections log.
Frequently asked questions
How many questions are on the Series 65 exam?
The exam has 130 scored questions (140 in total). Source: North American Securities Administrators Association (NASAA), checked 2026-10-08.
How long is the Series 65 exam?
You have 180 minutes in total. Source: North American Securities Administrators Association (NASAA), checked 2026-10-08.
What score do you need to pass the Series 65 exam?
Passing standard: 92 of 130 scored questions right. Source: North American Securities Administrators Association (NASAA), checked 2026-10-08.
How much does the Series 65 exam cost?
We have not recorded the exam fee yet. North American Securities Administrators Association (NASAA) sets it, so check its exam page before you register.
What is the Series 65 pass rate?
This page does not show a pass rate yet. We add one only after reading it on North American Securities Administrators Association (NASAA)'s own page, with the year it covers.
Are the Series 65 practice questions real exam questions?
No. They are original questions drafted with AI from the official outline and primary sources. No real exam content was used.
Sources
- NASAA Series 65 Uniform Investment Adviser Law Examination, Test Specifications effective June 12, 2023 (reconfirmed by the NASAA Series 65 Exam Study Guide dated September 2023), North American Securities Administrators Association (NASAA), retrieved 2026-10-08.
- Exam format and pass rule, North American Securities Administrators Association (NASAA), retrieved 2026-10-08.
Last verified 2026-10-08. Questions are AI-drafted and source-checked. DecipherU is not affiliated with NASAA, FINRA or Prometric. Every practice question is original and written from the Investment Advisers Act, SEC and NASAA rules, and IRS publications. Found a mistake? Read the corrections log or report it there.