is the series 65 a hard exam 
the nasaa does not release official pass rates however test preparation programs estimate that the pass rate is around 65 to 70 of test takers 6the bottom linethe series 65 officially known as the uniform investment adviser law exam is designed to test an individual s knowledge and ability to advise clients in the area of investing and to discuss general financial concepts the series 65 exam tests candidates comprehension of financial concepts and qualifies them to give investment advice and charge a fee for doing so most state securities regulators have set the series 65 as the minimum requirement to become an investment advisor representative iar 