Differentiate Adviser Classifications
Series 65 · Flashcards · Application
SERIES 65 · FLASHCARDS
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QUESTION
Identify the adviser type: AUM is
105
million
105\text{ million}
105
million
and the firm is already SEC-registered.
QUESTION
Identify the adviser type: AUM is
200
million
200\text{ million}
200
million
with typical advisory business (no special exemption claimed).
QUESTION
Identify the adviser type: AUM is
60
million
60\text{ million}
60
million
and the firm is not otherwise eligible for SEC registration.
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ANSWER
State-registered investment adviser. AUM below
100
million
100\text{ million}
100
million
without SEC eligibility requires registration with the state securities administrator.
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