If you feel that you could benefit from formal Series 27 test prep, Varsity Tutors offers one-on-one Series 27 classes to help you work toward your professional goals. Series 27 (alternatively called Financial and Operations Principal Qualification Examination FN) is a standardized exam administered by the Financial Industry Regulatory Authority (FINRA) to assess whether a FINOP (Financial and Operations Principal) candidate has the skills required to perform the professional duties of a Chief Financial Officer (CFO). If you want to take your Series 27 prep to the next level, let us connect you with private Series 27 tutoring services today!
The first step in any Series 27 prep program is developing a familiarity with the formatting and content you should expect on exam day. The test consists of 145 questions, so you might want to concentrate on building up your intellectual stamina during Series 27 test preparation. The exam is also timed, so you might take practice tests during your Series 27 course to help you budget your time effectively. FINRA exams are notorious for deceptively-worded questions, so completing practice exams may also help you understand which response the exam is looking for when none of them make sense.
Once you are comfortable with the structure of the test, your Series 27 test prep can move on to specific content areas. The table below breaks down all five of the test's primary functions:
|Series 27 Sections||Focus||# Questions|
|Function 1||Financial Reporting||25|
|Function 2||Operations, General Securities Industry Regulations, and Preservation of Books and Records||42|
|Function 3||Customer Protection||24|
|Function 4||Net Capital||41|
|Function 5||Funding and Cash Management||13|
Private Series 27 preparation services allow you to spend as much time as you need to on each of these topics. Funding/Cash Management and Customer Protection are the smallest sections in terms of question quantity, so large Series 27 courses often overlook them in favor of other subjects. However, private Series 27 tutors can still go over them with you if you feel that you need to do so.
Private Series 27 test prep can also be adapted to your unique needs. For example, a visual learner might benefit from looking at financial regulations displayed in a chart so that the visual can stick in their mind. In contrast, an auditory learner might get more out of oral repetitions of the same info. Either way, any questions you have may be addressed immediately as you are your instructor's sole pupil during your Series 27 class. Most standard Series 27 prep services lack the same level of flexibility to adapt to an individual student's needs.
Varsity Tutors also tries to make Series 27 test prep as accessible as possible. You may meet with your instructor on our Live Learning Platform, an online classroom with powerful features such as video chat functionality to take the hassle out of face-to-face tutoring. We also try to refer every student to a knowledgeable instructor who meets their scheduling needs for added convenience. We understand how busy you are as a working professional, so we design all of our test prep solutions to be as easy for you as possible.
The Series 27 is challenging, but passing it has many benefits. Here is a list of what you can do with a Series 27 license:
Permitted Activities by Passing Series 27
- Back office operations supervision
- Supervision of the preparation and maintenance of a member firm's books and records
- Supervision of compliance with financial responsibility rules that apply to self-clearing broker-dealers and market makers
If you would like to learn more about our Series 27 prep options, please reach out to Varsity Tutors today for more information. Educational Directors are standing by to answer any concerns you may have!
Mary: Series 27 test prep instructor
...our respective quantitative trading roles. I became a market maker, providing liquidity to the public orders, a specialist, keeping an orderly book of all public orders, and floor manager, overseeing the daily operations. The environment was dynamic, highly demanding, requiring laser focus, preparation and stamina. An integral member of the firm, collaborating with other member firms and the Board of Governors, serving on committees, worked on new business initiatives, recruiting and training new hires from...
Warren: Series 27 test prep instructor
I have enjoyed and prospered for 40 years in the security industry. If I can help another person have the same success then I have truly accomplished something. I attended the University of Illinois but my life education is from experience running brokerage and registered investment advisory firms. My approach to training starts with an understanding of the individual's needs from there we can structure an approach around the unique needs of each individual.
Education & Certification
- College of Financial Planning - Associate in Arts, Financial Planning
- Series 27
- Series 16
- Series 65
- +21 subjects
Jim: Series 27 test prep instructor
...industry for over 20 years and have a good understanding of many different areas. I will do my best to help the student by simplifying the material and using everyday tasks as examples. Exams I have taken (and passed on the first try): Series 7 (General Securities), Series 24 (General Securities Principal), Series 4 (Registered Options Principal), Series 27 (Financial and Operations Principal), Series 53 (Municipal Securities Principal), Series 66 (Investment Advisor Representative) and PA...
Education & Certification
- Pennsylvania State University-Main Campus - Bachelor of Science, Finance
- Series 27
- Series 65
- Series 53
- +16 subjects