%���� I think it’s as “suitable” a read now as it was back then and I highly “recommend” it. You need to interpret the story. But wait, what if I’m far behind and the test is in a few days? Series 7 Suitability Questions. Start studying Suitability series 7. In total, 125 questions will count toward your final score. If you’ve already been reading through the material and are just planning your final review, 10-20 hours is often recommended. ��/9^#�'z|���ػ�"B���1μaE���+���eI��)���:��eќ�H�[J�[\�k�Uz)}��߲V?gꨰ��5@b�F�JiD�X*�!��ɒg1���H2��E;^=O�C��;��� ��S��ol��Ѯ�Gj�Fp�r���Q��I���eƋs�o2Qm\���'�o��g���N�}�V"uM����2�t��D�41�X�q�M�\�g��h��;��v%�o ���8�e�!c��ppQm�3j�ى ����%W�_���z�afc�m6�zs��:5\x��������9؃�L��i�f���ʢu$9����#E�FO��%!��au�A�WO������dѓ��ѓӞ[���q:�ʊ.�[����A�?+!U&e��e(0(�B4�f*�gu�V�7�|W7� O���A5u���J�ڟ������xBEy]�0KA�1�E�#t��W0�b�3��ٚJ+�i�)�X� At the moment, we have written over 250 suitability questions covering various topics. Marcia Larson is Vice President, Faculty, at Knopman Marks Financial Training, New York, NY. She would like this investment to increase her retirement savings. If the question doesn’t EXPLICITLY state something, don’t assume it to be true. An investor who doesn’t want to lose money or fears loss of principal has a capital preservation objective. The main focal point of this section is suitability, which involves making proper investment recommendations to customers. . This section is all about the actual actions that must occur when a security is bought or sold. Currently, I have written over 350 and I am in the process of creating a file with detailed answers to the questions. Examining the different types of questions on the exam and how to answer them is a smart way to achieve your goal of passing the Series 7. It has text as well as some charts and tables. If the investor has an income need but prefers an equity portfolio, preferred stock is probably best. Aggressive growth points toward stocks in technology companies, start-ups, small-cap companies, or companies with high price/earnings ratios. Let’s analyze the sections, starting with the largest: This section sticks out a little, huh? These may include: The Series 7 Top-Off exam that you take will have 135 questions, with 10 of those questions being “experimental” questions that don’t count on the final exam. Younger persons need more growth to keep pace with inflation over a long investment period; older investors need to be more conservative because they don’t have time to earn back investment losses. B Walks October 15, 2012 at 12:19 PM. Enjoy! She currently teaches the SIE, Series 6, 7, 24, 50, 52, 63, 65, and 66 exams. Long-term growth. They have substantial savings in retirement plans from work, have paid off their mortgage, and have minimal credit card debt. When you’re planning out your last couple weeks before test day, be sure to spend a bit of time with each section before planning – and do a couple practice questions from each one. 3 0 obj These questions can be a paragraph or two in length. I am thinking about selling suitability questions for the series 7 exam. . %PDF-1.5 Additionally, many rules and regulations govern financial professionals and their interactions with customers. High-grade bond funds and REITs (real estate investment trusts) are also appropriate for income objectives. khamps19. Because the investor is seeking growth (appreciation) for a long-term objective (retirement), stock is essential. Subtract the age of the investor from 100. The safest of all investments are US Treasury securities, so these would be the first choice. Ah you don’t happen to have any samples I could use? Her monthly check from the teacher's retirement system covers her expenses, but she also remembers the rampant inflation of the 1970's and is afraid her pension income won't keep up with rising prices. If you want to set up a meeting, you can send a note to tutor@series7examtutor.com.....I am not great at Reddit. Candidates who take this exam are likely to see as many as 20-25 suitability questions that require analysis of a set of facts and an appropriate recommendation based on a unique customer situation. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Here is a piece originally posted for our students in September, 2012. Log in Sign up. Unfortunately I’m already using tc and Kaplan. Here are some other examples of Series 7 suitability questions (answer at end of blog post): 1. Any student who has a two hour meeting with me that covers suitability can get 150 questions for free. See how you fare, and then read the suitability question tips that follow. Take note of your confidence with each section. How Many People Are Taking FINRA’s SIE and Top-Off Exams? ��k�$x$mZ����C��:z� ��:EeL��� F��9�v�I��Y@h9� �ƹ�_��hO� But if the investment need is only for a very short period, money market securities may be appropriate because they historically retain their NAV of $1.00 per share, but with a very low return.

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