Series 66

Question 1

-company or person that offers advice or analyses concerning securities
-is in the business of offering such advice (even if it is not the primary service offered)
-receives compensation for offering these services
-must register in any state they do business in

Answer 1

Investment Advisor

Question 2

• when an IA has no place of business in the state and has no more than 5 non institutional clients in the sate within preceding 12 months

Answer 2

De Minimis exception

Question 3

-a person who effects securities transactions for its own account or for the accounts of others
-hire agents

Answer 3

Broker Dealer

Question 4

-an investment that pools money from several different investors who expect to make a profit derived from the efforts of someone else

Answer 4

Security

Question 5

-a court judgement, decree, or order for a retirement plan to pay all or part of a retirement allocation to a spouse, former spouse, or child of the plan participant
-provides benefits that are taxed at the rate of the receiver of the benefits

Answer 5

QDRO

Question 6

-services provided and fees charged
-any conflicts of interest
-methods on analyzing investment

Answer 6

For ADV (Brochure)

Question 7

-the tax rate on the last dollar of income earned

Answer 7

Marginal Tax Rate

Answer 8

Arithmetic Mean

Answer 9

Geometric Mean