Series 7 and 66: The Dual-Registered Path

The Series 7 plus the Series 66 (with the SIE) is the standard route to dual registration: you can earn commissions as a broker-dealer agent and charge advisory fees as an investment adviser representative. Exam fees total $672.

Updated 2026-09-23 · 3 sources · By the SeriesPrepKit team

Series 7 vs Series 66: the facts

Verified on FINRA exam pages and NASAA materials on 2026-09-23.
Series 7Series 66
Official nameGeneral Securities Representative ExamUniform Combined State Law Exam
OwnerFINRANASAA exam administered by FINRA
Scored questions125 (+5 unscored)100 (+10 unscored)
Time3 hr 45 min2 hr 30 min
To pass72 (scaled)73 of 100 correct (73%)
Exam fee$395$177
Sponsor requiredYesNo
PrerequisiteFirm sponsorship; SIE is a co-requisite for registrationNone to sit; Series 7 (and SIE) must be valid when you register
Online testingTest center; online only with an approved accommodationTest center; NASAA allows online testing only by accommodation
Our prep (12 months)$119$99

What each one lets you do

The Series 7 (FINRA, sponsor required) qualifies you to sell most securities for a broker-dealer. The Series 66 (NASAA) adds state agent registration and IAR registration. It is a common combination for advisors at wirehouses and hybrid firms. The 66 requires the Series 7 as a co-requisite for registration.

Which should you take?

If...Take
You want commissions and feesSIE + Series 7 + Series 66.
Your firm is broker-onlySIE + Series 7 + Series 63 is enough.
You already have 7 + 63Add the Series 65 rather than the 66.

Cost of each path (exam fees)

FINRA/NASAA exam fees verified 2026-09-23; prep costs extra.
PathNoteFees
SIEFINRA$100
Series 7FINRA$395
Series 66NASAA$177

Total

$672

Advisor Path bundle: SIE + Series 7 + Series 66 for $179

All three banks for one price (vs $297 bought separately). One-time payment, 12 months, free access extension until you pass.

Get the Advisor Path - $179

Frequently asked questions

What order should I take the Series 7 and 66?

Most people take the SIE, then the Series 7, then the 66, because the 66 assumes Series 7 product knowledge. NASAA does not require the 7 first to sit for the 66.

Is the Series 7 and 66 enough to be a financial advisor?

For most dual-registered roles, yes, plus any state or insurance licenses your firm requires.

Sources

  1. FINRA - Series 7 General Securities Representative Exam (accessed 2026-09-23)
  2. FINRA - Series 66 Uniform Combined State Law Exam (accessed 2026-09-23)
  3. NASAA - Exam FAQs (accessed 2026-09-23)