Series 62 Definition

(Many of the links in this article redirect to a specific reviewed product. Your purchase of these products through affiliate links helps to generate commission for LiveWell, at no extra cost. Learn more)

Demystifying Series 62: A Comprehensive Guide to Financial Markets

Welcome to the exciting world of finance! If you are someone who has a keen interest in the financial markets, you may have come across the term “Series 62”. But what exactly is Series 62 and why is it important? In this blog post, we will demystify Series 62 and provide you with a comprehensive guide to help you understand its significance in the realm of finance.

So, what is Series 62? Series 62 is a licensing examination that is administered by the Financial Industry Regulatory Authority (FINRA) in the United States. It is designed to assess the knowledge and competence of individuals who want to engage in the trading of actively managed open-end mutual funds.

Now, you might be wondering why passing the Series 62 exam is important. Well, here are two key reasons:

• Expanded Opportunities: Holding a Series 62 license expands your career opportunities within the financial industry. It allows you to specialize in trading actively managed open-end mutual funds, which are a popular investment vehicle for many retail investors.
• Building Trust: By passing the Series 62 exam, you demonstrate to potential clients and employers that you possess the necessary knowledge and understanding of actively managed open-end mutual funds. This helps build trust and credibility in your ability to make informed investment decisions.

In order to obtain a Series 62 license, you need to study and prepare for the exam. This includes understanding key concepts such as mutual fund features, regulations, sales charges, and investment strategies. It is essential to familiarize yourself with the content outlined in the exam’s study outline provided by FINRA.

Once you feel confident in your knowledge, it’s time to register for the Series 62 exam. The exam consists of 100 multiple-choice questions and has a time limit of 2 hours and 30 minutes. A passing score of 70% or higher is required to obtain the license.

Preparing for the Series 62 exam requires dedication, but the rewards are worth it. Not only will you expand your career opportunities, but you will also gain valuable insights and expertise in the world of actively managed open-end mutual funds.

In conclusion, Series 62 is a licensing examination that opens doors to new opportunities in the finance industry. By passing this exam, you demonstrate your expertise in trading actively managed open-end mutual funds and build trust with clients and employers. So, if you are looking to take your financial career to the next level, consider studying for the Series 62 exam and unlocking a world of possibilities.