Series 65 Exam Study Guide

DMP Software LLC

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About this app

Pass the Series 65 by knowing the definitions, formulas and thresholds the test actually asks — who must register and who's exempt, the de minimis rule, the custody and performance-fee limits, CAPM and the Sharpe ratio, the yield math — instead of rereading a textbook.

Series 65 Exam Study Guide is a focused, fully offline companion for the Uniform Investment Adviser Law Examination, the NASAA license exam you pass to register as an investment adviser representative. The app is organized exactly like the official outline: all four weighted content areas, so you can drill your weakest area or work through the whole exam.

SIX WAYS TO STUDY
• Flashcards — tap to reveal, tagged by content area
• Multiple-choice questions set in real adviser scenarios — a client portfolio, a registration puzzle, a compliance call — every one with a worked explanation
• True/false drills built from the misconceptions that cost marks
• Term-matching game — pair key terms in rounds of five
• Searchable glossary of the vocabulary the exam assumes you know
• Formulas & thresholds reference — every ratio, yield and return formula plus the legal numbers (AUM limits, time limits, dollar thresholds), each with what it applies to and the trap to avoid

WHAT'S COVERED
• Economic Factors & Business Information — business cycles, monetary and fiscal policy, inflation, yield curves, economic indicators, financial statements and SEC filings, time value of money, statistics, financial ratios, and the taxonomy of risk
• Investment Vehicle Characteristics — money markets, Treasuries and TIPS, corporate and municipal bonds, duration and yield relationships, common and preferred stock, ADRs, options and futures, mutual funds and share classes, ETFs, closed-end funds, REITs, hedge funds, annuities, life insurance, alternatives and digital assets
• Client Recommendations & Strategies — client types and suitability, CAPM, Modern Portfolio Theory, asset allocation, tax fundamentals, IRAs and employer plans, ERISA, 529s and HSAs, account ownership and estate techniques, trading mechanics, and performance measurement
• Laws, Regulations & Ethics — the Uniform Securities Act and the Investment Advisers Act: definitions, registration, exclusions and exemptions for advisers, IARs, broker-dealers, agents and securities; the Administrator's powers; advertising, compensation, custody, fiduciary duty, and the full catalogue of prohibited practices

CURRENT FOR TODAY'S EXAM
Built to NASAA's current test specifications (effective June 12, 2023), including the SECURE 2.0 rules the exam now tests. Indexed dollar amounts are labelled by tax year so you always know which figure you're memorizing.

STUDY ANYWHERE
Everything works completely offline. No account, no sign-up, no ads, and no data collection of any kind.

Start free with a preview of every section. Unlock the full library with a weekly, monthly or annual subscription, or a one-time lifetime purchase — all four unlock identical content, and duration is the only difference.

This app is an independent study aid and is not affiliated with, endorsed by, or sponsored by NASAA, FINRA, or any state securities regulator. It is not the licensing exam and does not confer registration or any license. It provides exam study material only, not investment advice. Rules and figures change over time — always verify current requirements with the regulators.

Privacy policy: https://www.dmpenterprisellc.com/privacy-policy

OFFICIAL SOURCES
• NASAA — Series 65 Exam Content Outline: https://www.nasaa.org/exams/general-exam-information/series-65-exam-content-outline/
• SEC — Investment Advisers Act laws and rules: https://www.sec.gov/investment/laws-and-rules

This is not a government app: it is not affiliated with, endorsed by, or operated by any government agency or licensing board, and it does not provide licensing, registration, or any other official government service.

What’s new

First release. Six study modes organized like the Series 65 outline — Economic Factors, Investment Vehicles, Client Recommendations & Strategies, Laws & Ethics: flashcards, scenario multiple-choice with explanations, true/false drills, term matching, a searchable glossary, and a formulas & thresholds reference. Fully offline.