Financial Advisor Ridgewood Nj

Exam for an Investment Advisor – no secrets, only practical advice

Suffice it to say that within more than 25 years of its carrying out, it was passed by just over 600 people. The exam consists of three stages, each of which looks different from the previous one. The first stage of the Investment Advisor exam is a single-choice test out of four response options. The participant has 5 hours to solve this part of 110 questions. Just like during the brokerage exam, the scoring looks as follows: You can only pass after obtaining at least 135 points. This means that you must answer at least 68 questions correctly – assuming, of course, that the rest will be left unanswered! This stage of the investment advisor exam takes place at least once a year. The stage of the investment advisor exam takes place at least once a year. For several years, financial advisor ridgewood nj however, it has been organized twice a year – usually in March and October.

Financial Advisor Ridgewood Nj

The importance of individual stages

This is probably the greatest difficulty of the investment advisor exam. Everyone who passed the second stage of the exam has the right to take the third stage of the exam three times. Similarly, everyone who passed the first stage has the opportunity to approach the second stage three times. If you fail to pass the next stage – they are all zeroed, and we start from the beginning. Importantly, a three-fold approach is only valid for three consecutive exam stages. Not approaching financial advisor ridgewood nj any of the second stages is also counted as a failed attempt.

Duration

The first stage of the investment advisor exam takes place at least once a year in February or March. The second stage of the exam takes place no later than eight weeks from the date of the first stage. The third stage of the exam takes place no later than three months from the date of the second stage. A candidate who has passed the first stage of the examination has the right to take the second stage three times in the next three dates. In the case of completing the second stage, the candidate has the right to take the third stage of the exam three times in the next three dates. In the most optimistic version, it may take about a year from the start of preparations for passing all exams. However, it should be remembered that the exams are very difficult and most candidates take the first exam twice, which extends the whole process by a year. The course for candidates for investment advisers costs around PLN 7,000. In addition, the fee for each of the three exams is PLN 500.