Uniform Investment Adviser Law Examination (Series 65): the practice module
Exam body: NASAA. Verified for Series 65 Test Specifications, effective June 12, 2023 (NASAA) on October 20, 2026.
What it covers
Covers: standard multiple-choice questions written to this exam’s outline, format and timing.
Does not cover: nothing else; the real exam is multiple-choice throughout.
Question format
- Every question has exactly 4 options.
- One correct answer per question.
- Not allowed as an option: “all of the above”, “none of the above”.
Exam mode
The real exam is 140 questions in 180 minutes. Exam mode keeps that pace for any number of questions.
Topics
The official topic list, as the exam body names it. Your questions must use these names; the coverage dashboard compares your set to each topic’s official weight.
| Topic | Weight | Subtopics |
|---|---|---|
| Economic Factors and Business Information | 15% | Basic Economic Concepts · Financial Reporting · Analytical Methods · Types of Risk |
| Investment Vehicle Characteristics | 25% | Types and Characteristics of Cash and Cash Equivalents · Types of Fixed Income Securities · Characteristics and Valuation Factors of Fixed Income Securities · Types of Equity Securities · Characteristics of Equity Securities · Methods Used to Determine the Value of Equity Securities · Equity Public Offering · Types of Pooled Investments · Characteristics of Pooled Investments · Types of Derivative Securities · Characteristics of Derivative Securities · Alternative Investments · Insured-Based Products · Other Assets |
| Client Investment Recommendations and Strategies | 30% | Type of Client · Client Profile · Capital Market Theory · Portfolio Management Strategies, Styles and Techniques · Tax Considerations · Retirement Plans · ERISA Issues · Special Types of Accounts · Ownership and Estate Planning Techniques · Trading Securities · Portfolio Performance Measures |
| Laws, Regulations, and Guidelines | 30% | Regulation of Investment Advisers, Including State-Registered and Federal Covered Advisers · Regulation of Investment Adviser Representatives · Regulation of Broker-Dealers · Regulation of Agents of Broker-Dealers · Regulation of Securities and Issuers · Remedies and Administrative Provisions · Communication with Clients and Prospects · Ethical Practices and Fiduciary Obligations |
Trademarks
DoMcq is an independent practice tool. It is not affiliated with, endorsed by, sponsored by or approved by any exam body. Exam names are used only to say which exam a module is for. DoMcq holds no exam content: a module is the exam body's published topic names, the question format, the exam's timing, its published weights and a prompt, and every question in DoMcq is a student's own. The marks below belong to their owners. Trademarks
DoMcq is an independent practice tool and is not affiliated with, sponsored by or endorsed by the North American Securities Administrators Association, Inc. (NASAA); the names are used only to identify the exam. North American Securities Administrators Association™ is a trademark of the North American Securities Administrators Association, Inc. The topic names and weights are from NASAA's published test specifications; source: NASAA, https://www.nasaa.org.
Use it
Practice the questions you already have: a PDF or Word file of multiple-choice questions, from a class or a study group, becomes a timed practice test here, with your own AI doing the copying. Every step, with pictures: How to turn a PDF or Word file of multiple-choice questions into a timed practice test.
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