Series 65 Waiver for L3 passers

[ChadD]

Taking S-7 soon and trying to figure out if I can get away with just the S-63 or if I should take the S-66 since I'll eventually need the S-65 anyways. I passed L3 in 2009.

CFAi website implies that passers of L3 get a waiver for the Uniform Registered Investment Adviser Examination (S-65) - https://www.cfainstitute.org/centre/overview/waiverrequirements/index.html###usa

My sponsoring firm believes that only Charterholders get the waiver but they are not 100%.

My hope is that I can just fly through the S-63 and then get the waiver on the S-65 either now or when I earn my letters.

Anyone have experience with this?

 

[daviskr]

Just take the 66 and don't worry about the breakdown between the 63/65.

 

[ChadD]

That's inefficient.

 

[daviskr]

Depends on your definition of "inefficient". If you have to take a test regardless of the fact, why not sit for the easier one which is the 66.

You said your firm is not 100% sure, why take the risk and be "inefficient" by possibly having to sit for both plus wasting your time trying to find out.

63 - 65 questions
65 - 130 questions
66 - 100 questions

 

[cpepin]

It would be worth finding out but in any event both are very easy. I'd compare them to studying for just one subject on the L1 exam. You could probably study a few days and get it done.

 

[bac]

The 66 is BEYOND easy. Just take it and get it over with already. You should be able to pass it with a few days of study.