Top Rated Series 99 Study Guides

A Series 99 license can open the door to a lucrative financial career, potentially earning up to $110,000 annually. To achieve this, taking the FINRA Series 99 Exam is crucial. Choosing the right study guide is essential, and I’m here to help you find the best one.

I’ve reviewed the top five prep courses available, each offering unique benefits to help you succeed in passing the Series 99 Exam. Whatever your background, there’s a course tailored to meet your needs, ensuring that you have the tools and knowledge to aim for that higher salary bracket.

Key Takeaways

• Effective study guides are crucial for passing the Series 99 Exam.
• Top prep courses offer unique features to meet different learning needs.
• Achieving the license can significantly boost your financial career.

In this guide, I will cover everything you need to know about the top study guides for the Series 99 Exam. I will detail the key features, as well as the pros and cons of each option. Make sure to read through all the information to help you make the best decision for your exam preparation. 

1. Securities Institute of America Series 99 Study Guides

The Securities Institute of America offers a comprehensive Series 99 exam prep with a 528-page textbook, over 2,100 practice questions, and 15 hours of video training. There is also a GreenLight Exam and a money-back guarantee if you pass the practice test but fail the actual exam, which certainly adds value to the course. Here is a detailed overview SIAs Series 99 Exam prep course for those who are looking to make their career in this lucrative financial sector.

Course Overview

The Series 99 Exam, also known as the Operations Professional Examination, includes 50 multiple-choice questions that candidates need to attempt within a set period. If you are a candidate who wishes to qualify for the Series 99, you must first pass the Securities Industry Essentials (SIE) Exam. The course by the Securities Institute of America will cover a range of operational aspects of the securities industry, including client onboarding, accounting, and technology systems. You can learn about all the accommodations under this program in the further sections.

Study Materials and Features

Textbook and Exam Prep Software

• Content: The study guide by the Securities Institute of America will provide candidates with a thorough overview of all necessary topics for the Series 99 Exam, structured in an easy-to-understand format.
• Expertise: This guide is developed by industry professionals. Hence, the materials reflect the latest rules and regulations in the securities sector.
• Accessibility: You can benefit from this course in both digital and print formats, allowing for flexible study options.

Practice Questions and Exams

• Question Bank: This program features a substantial bank of practice questions that mimic the format and content of the actual exam, which can be a great aid for final exam preparation.
• Checkpoint Exams: These exams are strategically placed at the end of each unit so candidates will be able to assess the comprehension and retention of the material.
• Final Exams: Comprehensive exams are provided to simulate the test experience and gauge readiness.

Online Learning Platform

• Interactive Features: The online platform includes tools for tracking progress, setting study plans, and accessing resources anytime.
• Video Lectures: Streaming video content is available to reinforce key concepts and provide additional explanations for complex topics.
• Mobile Access: Study materials can be accessed on various devices, making it convenient for learners on the go.

Support and Resources

• Instructor Access: Students have the opportunity to interact with knowledgeable instructors for guidance and clarification on challenging topics.
• Supplemental Materials: This course will also include additional resources, such as flashcards and downloadable materials, to enhance the learning experience.

Study Plans and Recommendations

• Structured Study Plans: Candidates can create personalized study schedules based on their timelines and learning preferences.
• Recommended Study Time: Candidates are suggested to allocate 40-60 hours over 4-8 weeks to adequately prepare for the exam.

Additional Features

• Flashcards: Over 1800 flashcards are provided to help reinforce key concepts and facilitate quick reviews.
• Extension Options: If more study time is needed, students can purchase extensions to their online access.

Pros

• Comprehensive video lectures: SIA offers a robust collection of video lectures, which are highly beneficial for visual learners. The course features a significant amount of video content that presents information in an engaging manner, with important visuals and formulas highlighted to aid retention. This multimedia approach can enhance understanding and memorization of complex topics, making it easier for students to grasp the material quickly.
• Mobile-friendly: All course materials are designed to be mobile-friendly, allowing students to study on the go. This flexibility means that learners can engage with the content whenever they have free time, without needing to dedicate large blocks of time to study sessions. This feature is particularly advantageous for those with busy schedules or who prefer to learn in various environments.
• Exam-based training: The SIA course includes various practice tests that assess students’ understanding at different stages of the learning process. These tests are strategically placed throughout the course, enabling students to adjust their study schedules based on their performance. This structured approach helps ensure that candidates are well-prepared for the actual exam.
• High Pass Rate: SIA boasts a 90% pass rate over the past 25 years, indicating that its materials are effective in preparing students for the Series 99 exam. This historical success can provide confidence to prospective candidates considering this course. If you take and pass a Greenlight Exam, you’re guaranteed a full refund if you don’t pass the actual Series 99 exam.
• Clear Content Updates: SIA is transparent about when its materials were last updated, which is crucial for ensuring that students are studying the most current information relevant to the Series 99 exam. This clarity helps students feel assured that they are preparing with up-to-date resources.

Cons

• Self-Study Format: The SIA Series 99 course is primarily designed for self-study, which may not suit all learning styles, especially those with limited study time. While there are some resources offered for additional support, the lack of live instruction or interactive classroom experiences means that students who thrive in a more structured, guided environment may find this format challenging.
• Limited Interaction: Although an instructor hotline is available for clarifying your doubts, the depth of support is unclear, and students may not receive the level of interaction they desire. The absence of live classes or direct tutoring may limit the opportunity for personalized guidance and clarification on complex topics.
• Higher Price Point: While SIA offers valuable study materials, the cost may be higher than many of the alternatives offering similar results. This could be a barrier for candidates on a budget, particularly if they are looking for more affordable options for exam preparation.
• No Live Tutoring Options: Although SIA does provide an option to connect with outside tutors, this is not included as part of the course package. Students looking for immediate, in-depth tutoring may need to seek additional resources that will also incur extra costs for this service.
• Limited Access Duration: The course materials are available for a period of six months from the first use. While this is generally sufficient for most students, those who may need more time to prepare might find this limitation restrictive. Extensions can be purchased, but this adds to the overall cost of the course

2. Securities Training Corporation (STC)Series 99 Study Materials

Securities Training Corporation (STC) provides a range of study materials specifically designed for the Series 99 exam, which is essential for individuals seeking to work in operational roles within the securities industry. Below is a detailed overview of the course information and features.

Course Overview

Securities Training Corporation (STC) has included a series of packages to meet individual needs for Series 99 exam prep, including live classes, digital flashcards, and concise “Crunch Time Facts” for last-minute review. The course also features 24/7 tech support to assist students. Here, you can learn more about the course features, followed by their pros and cons for candidates.

Study Materials and Features

Printed Study Manual

• Content: The manual is based on the FINRA content outline and designed for self-study. It provides a comprehensive overview of all exam topics.
• Format: All the study material will be available in both print and digital formats for one’s convenience.

On-Demand Lecture

• Duration: Approximately 8 hours of content, covering all necessary topics for the Series 99 exam.
• Access: Available for 6 months from the first use, with options to purchase additional time.
• Requirements: Requires an internet connection and a device capable of streaming video in real time.

Flashcards

• Quantity: More than 1,800 flashcards are included, organized by course, chapter, or FINRA exam sections.
• Functionality: These are designed to help candidates review key concepts and test their comprehension of the exam content anytime and anywhere with internet access.
• Access Duration: Flashcards are available for 6 months from first use, with options for extension.

Virtual Class Recordings

• Content: Recorded sessions of live classes that can be accessed for additional learning and reinforcement of concepts.

Practice Exams

• Format: The course includes practice exams that replicate the actual test experience, helping students identify strengths and weaknesses.
• Unlimited Access: Candidates can take practice exams multiple times to improve their performance.

Support Services

• Instructor Hotline: Access to instructors for questions and clarifications, providing additional support during the study process.
• 24/7 Tech Support: Available to assist with any technical issues related to the online materials.

Comprehensive Study Tools

• SIE Chapter Quizzes: Quizzes that help reinforce knowledge from the SIE exam, which is a prerequisite for the Series 99.
• Crunch Time Facts: Concise summaries of key concepts for last-minute review.

Premier and Premier Plus Options

• Enhanced Packages: These options may include additional resources or extended access to materials, catering to different learning needs.

Pros

• Comprehensive on-demand lectures: STC provides approximately 8 hours of detailed video content that covers all exam topics thoroughly. All the candidates will engage in lectures through an on-demand format, allowing them to access the material at their convenience. The videos are optimized for recent browser versions and will require an internet connection, a streaming-video-enabled machine, and audio capabilities. Students have access to the lectures for 6 months from the first use, with an option to purchase additional time if needed.
• Extensive flashcard bank: STC offers an innovative way to review all the teaching objectives through its flashcard system. With more than 1800 flashcards, students have a vast collection of study aids to help reinforce key concepts. The flashcards can be organized by course, chapter, or FINRA exam sections, making it easy to customize the study approach. The flashcards are created by securities markets experts and present the information in plain English, keeping the content concise for efficient review. The flashcards can be sorted by course, chapter, or FINRA exam sections, making it easy to customize your study approach.
• Premier Plus package: The top-tier Premier Plus package includes access to live virtual or in-person classes, as well as recorded virtual class sessions for additional learning support. This option caters to students who prefer a more interactive and structured learning environment, similar to a traditional classroom setting. The live classes allow students to interact with instructors and other participants, while the recorded sessions provide flexibility for those who may have missed the live sessions or want to revisit specific topics.
• Money-back guarantee: The Premier and Premier Plus packages come with a money-back guarantee, providing peace of mind for students. If a student takes and passes a Greenlight Exam, they are guaranteed a full refund if they don’t pass the actual Series 99 exam. This guarantee demonstrates STC’s confidence in their study materials and the effectiveness of their exam preparation approach.

Cons

• Higher price point: STC’s study materials are more expensive than those of other providers. The Premier Plus package, which includes the most comprehensive set of resources, costs $386.65. While the package offers valuable features, the higher price point may be a drawback for students on a tighter budget.
• Limited access duration: The on-demand lectures and flashcards are only available for 6 months from first use, which may be insufficient for some students. Depending on individual study habits and schedules, this duration may not provide enough time for thorough preparation. While additional time can be purchased for an extra fee, it adds to the overall cost of the study materials.
• No standalone mobile app: Although the materials are accessible on mobile devices, there is no dedicated mobile app for a seamless study experience. Students must access the content through their browser, which may not be as convenient as a dedicated app with features tailored for mobile learning.
• Limited practice exams: The website does not specify the number of practice exams included in the packages. This lack of information may be a concern for students who prefer extensive practice opportunities to gauge their progress and identify areas for improvement. Without clear details on the number and quality of practice exams, it’s difficult to assess how well the materials prepare students for the actual Series 99 exam.

3. Kaplan Financial Education Series 99 Exam Prep

Kaplan provides a structured approach to studying for the Series 99 exam. You follow a study calendar, completing tasks based on your exam date. This requires dedication and effort but results in better test scores. Following the schedule should help you pass the exam. You will also benefit from the performance tracker included within the program, which helps you understand your strengths or weaknesses more effectively.

Course Overview

Kaplan Financial Education offers comprehensive study materials for the Series 99 Exam, which assesses the competency of entry-level operations professionals in the securities industry. The exam covers topics such as client onboarding, financial control, securities and funds transfers, and account management.

Study Materials and Features

License Exam Manual (LEM)

• Content: A comprehensive textbook that serves as the foundation for exam preparation, broken down into easily digestible units.
• Expertise: Content is developed by Kaplan’s team of experts with a focus on the most recent rules and regulations.
• Format: Available in print, online, and PDF formats.

SecuritiesPro™ QBank

• Question Bank: An interactive question bank that allows candidates to practice test-taking skills, focus on specific topics, and assess their knowledge.
• Exam-Focused Questions: Questions are designed to mimic the actual exam format and content.
• Access: Available online and for download.

Performance Tracker

• Progress Monitoring: Helps candidates understand their strengths and weaknesses by tracking their performance on practice questions and exams.
• Reporting: Provides detailed reports on areas that need more focus.

Checkpoint Exams

• Placement: Located at the end of each unit in the License Exam Manual.
• Purpose: Designed to gauge comprehension of the material covered in that unit.
• Format: Unique questions with answers and detailed rationales.

Mastery Exam

• Exam Simulation: Provides an additional simulated exam experience with unique questions.
• Difficulty Level: Similar to the Practice Exam in terms of difficulty.

Video Library

• Content: Instructor-led review videos that reinforce core exam topics discussed in the License Exam Manual.
• Purpose: Helps identify areas that need further clarification after completing reading and practice questions.
• Organization: Videos are grouped into categories by major topics.

Exam Tips and Content Updates

• Regulatory Changes: Provides updates on changes in regulations and rules relevant to the Series 99 Exam.
• Study Strategies: Offers tips and strategies for preparing for the exam based on the most current information.

Practice Exam

• Exam Simulation: Designed to simulate the actual Series 99 Exam experience.
• Unique Questions: Features questions that are different from those in the Mastery Exam.

Pros

• Comprehensive Study Materials: Kaplan’s Series 99 Exam Prep course includes a variety of study materials to cater to different learning styles. The License Exam Manual provides a thorough overview of the exam content, while the SecuritiesPro™ QBank offers an extensive question bank for targeted practice. The inclusion of checkpoint exams, a mastery exam, and a practice exam helps students gauge their progress and identify areas that need more focus.
• Interactive Learning Tools: The course features interactive elements such as the Performance Tracker, which helps students monitor their progress and understand their strengths and weaknesses. The video library, consisting of instructor-led review videos, reinforces key concepts and provides additional explanations for complex topics. These interactive tools enhance the learning experience and make the study process more engaging.
• Structured Approach: Kaplan’s course follows a structured approach, with the License Exam Manual broken down into easily digestible units. The inclusion of checkpoint exams at the end of each unit helps students assess their understanding of the material covered. This structured format ensures that students cover all topics comprehensively and stay on track with their study plans.
• Exam-Focused Content: The SecuritiesPro™ QBank features exam-focused questions that closely mimic the actual Series 99 Exam format and content. This helps students become familiar with the exam structure and the types of questions they can expect on test day. The practice exams, which simulate the actual exam experience, further prepare students for the real thing.
• Timely Updates: Kaplan’s team of experts regularly updates the course materials to reflect the most recent rules and regulations relevant to the Series 99 Exam. The “Exam Tips and Content Updates” feature ensures that students have access to the latest information and study strategies, helping them stay ahead of the curve.

Cons

• Price Variability: Kaplan offers different packages at varying price points, with the most comprehensive package being the most expensive. This price variability may be a drawback for students who want access to all the features but have a limited budget.
• Limited Access Duration: The course materials are available for a specific duration, typically 6 months from the first use. While this may be sufficient for most students, those who require more time to prepare might find this limitation restrictive. Extensions can be purchased, but this adds to the overall cost of the course.
• Lack of Live Instruction: Kaplan’s Series 99 Exam Prep course is primarily self-study, with no live instruction or interactive classroom experiences. Students who prefer a more guided approach or thrive in a traditional classroom setting may find this format less engaging or effective.
• Limited Instructor Support: Although Kaplan provides instructors with access to some of its FINRA review courses, this feature is not available for the Series 99 Exam Prep course. Students who require more personalized guidance or have specific questions may need to seek additional resources or support.

4. ExamFX Series 99 Study Materials

ExamFX emphasizes content similar to what you’ll see on the actual exam. They offer a range of exam formats such as readiness and guarantee exams. However, you need to complete them within 90 days. This timeframe could be tight if you’re juggling other responsibilities. Each prep course includes limited customer support, but there’s no option for tutoring or live classes. It’s an affordable choice compared to costlier alternatives, although it may not offer as extensive resources.

Course Overview

The Series 99 Exam consists of 50 multiple-choice questions, which candidates must complete within 1 hour and 30 minutes. A passing score of 68% is required. The ExamFX Series 99 course focuses on the operational aspects of broker-dealer functions, including client onboarding, securities transfers, and financial controls.

Study Materials and Features

Online Course Package

• Access Duration: 180 days of access to online materials.
• Content: Includes on-demand video lectures, a personalized study plan, and a best practice guide.
• Practice Tools: Features SpotCheck quizzes, practice question sets, checkpoint exams, a benchmark final exam, and a standard final exam.
• Custom Exam Generator: Allows students to create tailored practice exams based on specific topics or question types.

Textbook Package

• Hard-Copy Textbook: A physical textbook is included, providing a comprehensive resource for in-depth study.
• eBook Option: An electronic version of the textbook is also available for convenience.

Instructor Support

• Online Instructor Support: Students can access instructors online for questions or clarifications.
• Phone Instructor Support: Additional support is available via phone, ensuring that students can get help when needed.

Study Aids

• Glossary and Acronyms: A glossary of terms and acronyms relevant to the Series 99 Exam is provided to aid understanding.
• Online Flashcards: Digital flashcards are included to help reinforce key concepts and terminology.
• Real-Time Content Updates: The materials are updated in real time to reflect the latest regulatory changes and exam requirements.

Performance Tracking

• Report Center: A reporting tool that helps students track their progress and performance on practice exams and quizzes.
• Personalized Study Plan: A customized study plan is generated based on the student’s progress and needs, ensuring a focused approach to exam preparation.

Pricing

• Packages: Retail packages start at $169.00 for the textbook package and $189.00 for the online course package, providing options for different learning preferences and budgets.

Pros

• Comprehensive Learning Portal: ExamFX provides an interactive learning portal that includes a variety of study materials and resources. This portal offers access to on-demand video lectures, quizzes, practice question sets, checkpoint exams, and a custom exam generator, ensuring that students have ample resources to prepare effectively.
• Structured Study Approach: The course is designed to help students manage their study time efficiently. With a personalized study plan and various practice tools, candidates can focus on their weak areas and track their progress. This structured approach can alleviate anxiety associated with exam preparation.
• Instructor Support: ExamFX offers online and phone instructor support, allowing students to seek help and clarification on complex topics. This feature enhances the learning experience by providing access to knowledgeable instructors when needed.
• Real-Time Content Updates: The study materials are updated in real time to reflect the latest regulatory changes and exam requirements. This ensures that students are studying the most current information relevant to the Series 99 Exam.
• Affordable Pricing: ExamFX offers competitive pricing for its study materials, with packages starting at $169. This makes it an accessible option for students who may be on a budget but still want quality exam preparation resources.
• Practice Exams and Quizzes: The course includes various practice exams, including readiness and guarantee exams, which help students assess their preparedness for the actual Series 99 Exam. The ability to take multiple practice tests allows for repetition and reinforcement of key concepts.

Cons

• Limited Access Duration: The online course package offers 180 days of access, while the textbook package provides only 90 days. This limited access period may not be sufficient for all students, particularly those who prefer to study at a slower pace or need more time to revisit topics.
• Auto Logoff Issues: Some users have reported frustrations with the platform’s auto logoff function, which can interrupt study sessions. This can be particularly problematic when students are reviewing quiz results or taking notes, leading to potential information loss.
• Lack of Live Classes: While ExamFX provides instructor support, it does not offer live classes or interactive learning environments. Students who thrive in traditional classroom settings may find this aspect limiting, as they miss out on real-time interaction and feedback.
• Limited Course Options: ExamFX primarily offers one course for the Series 99 Exam, which may not cater to all learning preferences. Students looking for a wider variety of study options or more comprehensive packages may find the offerings somewhat limited compared to other providers.
• Potential Stress from Short Study Period: The 90-day access period can create a sense of urgency for students, particularly if they are balancing other commitments. This accelerated pace may lead to increased stress for some candidates as they strive to complete their studies within the timeframe.

5. Knopman Marks Financial Training Series 99 Exam Prep

Knopman Marks Financial Training offers a comprehensive Series 99 Exam prep course designed to equip candidates with the necessary knowledge and skills to succeed in the exam. The exam covers various operational aspects of broker-dealer functions, including client onboarding, accounting, and technology systems. Below is a detailed overview of the course information and features.

Course Overview

Knopman Marks stands out because it provides a range of study materials instead of just focusing on one type. The course includes video lectures, flashcards, practice exams, and more. With such variety, candidates can easily switch study methods to avoid getting bored. This also helps learners adapt and understand different approaches to the same concepts.

Study Materials and Features

Video Lectures

• Duration: Over 6 hours of on-demand video lectures.
• Content: The lectures cover key topics in the Series 99 syllabus, providing explanations and insights to help candidates understand complex concepts.

Digital Flashcards

• Functionality: Flashcards are designed to reinforce key terms and concepts covered in the course. They can be used for quick reviews and self-testing.

Textbook and eBook

• Resources: A comprehensive textbook and an electronic version are included for convenience. This dual format allows students to choose their preferred method of study.

Benchmark Exam

• Purpose: A benchmark exam is provided to help students assess their readiness for the actual Series 99 Exam. This exam simulates the test environment and helps identify areas needing improvement.

Downloadable Supplements

• Additional Resources: Students receive downloadable supplements that provide extra information and practice opportunities, enhancing the overall learning experience.

Mobile App

• iOS Support: An intuitive mobile app is available for iOS devices, allowing students to study on the go. This app supports offline access, making it convenient for users who may not always have internet access.

Instructor Support

• Direct Access: Students have direct access to instructors for questions and clarification on complex topics. This personalized support can be invaluable for understanding challenging material.

Action Plan and Progress Tracking

• Study Management: The course includes an action plan feature that helps students stay organized and focused on their study goals. Progress tracking allows candidates to monitor their advancement through the material.

Regular Updates

• Current Information: The course materials are regularly updated to reflect the latest changes in regulations and exam content, ensuring that students have access to the most relevant information.

Pros

• Comprehensive Learning Materials: Knopman Marks offers a wide variety of study materials, including over 6 hours of video lectures, digital flashcards, a textbook, and downloadable supplements. This diverse array of resources caters to different learning styles, allowing students to engage with the material in multiple ways.
• Interactive Learning Approach: The course emphasizes an interactive learning experience. The combination of video lectures, flashcards, and benchmark exams keeps students engaged and helps prevent burnout by allowing them to switch study methods as needed.
• Mobile App Accessibility: The course includes a dedicated mobile app for iOS devices, which allows students to study on the go. The app supports offline access, making it convenient for users who may not always have internet access. However, it is important to note that there is currently no Android app available.
• Direct Instructor Support: Students have direct access to instructors for questions and clarification on complex topics. This personalized support can be particularly beneficial for understanding challenging material and receiving guidance throughout the study process.
• Customizable Study Calendar: Knopman Marks provides a customizable study calendar that helps students pace their studies according to their personal schedules and exam dates. This feature promotes organization and ensures that students can prepare effectively without feeling overwhelmed.
• Real-Time Content Updates: The course materials are regularly updated to reflect the latest changes in regulations and exam content. This ensures that students are studying the most relevant information, which is crucial for success on the Series 99 Exam.
• Strong Support Network: The course includes regular email updates and communication from instructors, helping to keep students motivated and informed throughout their preparation.

Cons

• Higher Price Point: While Knopman Marks offers a comprehensive suite of resources, the price of the course may be a barrier for some students. The cost could be significant for those on a tight budget, especially when compared to other providers.
• Technical Issues with the App: Some users have reported glitches with the mobile app, including auto-logoff issues that disrupt study sessions and difficulties in downloading classes. These technical problems can hinder the study experience and may frustrate students.
• Limited Android Support: The lack of a dedicated Android app means that students using Android devices must rely on their web browser for access, which may not provide the same level of convenience as a native app.
• Potential Overreliance on Video Content: While video lectures are a valuable resource, some students may find themselves relying too heavily on them at the expense of engaging with other materials like textbooks and practice exams. This could lead to a less well-rounded understanding of the exam content.
• Cost of Kaplan Qbank Access: Knopman Marks utilizes the Kaplan Qbank for their question bank, which may lead to higher costs for students who could access similar resources directly from Kaplan at a lower price.

What is the Series 99 Exam?

Structure of the Series 99 Exam

The Series 99 exam, formally known as the Operations Professional Qualification Examination, consists of 50 multiple-choice questions. The test is administered by the Financial Industry Regulatory Authority (FINRA). Test takers have 1 hour and 30 minutes to complete the exam. The questions are designed to assess the foundational knowledge required for roles in securities operations, such as understanding common regulations and the day-to-day responsibilities in broker-dealer operations.

Types of Questions on the Series 99 Exam

The exam features various types of questions, from basic concepts of the financial markets to more complex scenarios that test problem-solving skills. For instance, candidates might encounter questions about the standard settlement cycle for transactions, or be presented with scenario-based questions that tackle conflict resolution in a brokerage setting.

Managing Time During the Series 99 Exam

Effective time management is crucial. With a total of 50 questions to answer, averaging around 1 minute per question is a good strategy. Some questions will be straightforward, while others may require more time to think through. Practice tests are highly recommended to help candidates improve their pacing and time management skills.

Main Focus Areas for Series 99 Exam Preparation

Key study areas include the entire lifecycle of a trade, from order execution to settlement, and the various regulatory requirements for different types of accounts and transactions. Understanding FINRA rules, risk management, and securities industry basics are also essential. Candidates should be well-versed in subjects like cashiering, account transfers, and the control of securities.

Importance of Passing the Series 99 Exam

The Series 99 Exam is vital for maintaining high standards in the securities industry. It ensures that operations professionals have a comprehensive understanding of both operational processes and regulatory compliance. This helps protect investors from potential errors or unethical behavior. For example, knowledge of anti-money laundering (AML) procedures is crucial, as lapses in this area can result in severe penalties for financial institutions.

Who Should Take the Series 99 Exam?

The Series 99 is targeted at individuals in operational roles at broker-dealers. Job titles such as operations manager, trade support specialist, and client services representative fit this category. These professionals are responsible for tasks like processing transactions, onboarding clients, and maintaining accounts. The exam acts as a benchmark to ensure that these individuals are knowledgeable and capable of performing their duties effectively.

Career Benefits of Earning the Series 99 Qualification

Passing the Series 99 Exam can significantly enhance one’s career in the securities industry. Besides being a requirement for many operational roles, this certification indicates a commitment to professional growth and regulatory adherence. It often leads to more job opportunities, higher salaries, and the potential for career advancement. For instance, a compliance officer with this certification may have a greater influence on compliance policy development within their firm.

Why is the Series 99 Exam Essential for the Securities Industry?

The Series 99 Exam serves as a gatekeeper, ensuring that only capable individuals fill critical operational roles. FINRA’s requirement for the exam helps maintain the integrity and smooth functioning of the financial markets. An operations professional with a strong grasp of the rules and ethical obligations can significantly impact their workplace by minimizing errors and upholding high standards of professional conduct.

Identifying the Right Candidates for the Series 99 Exam

The Series 99 is ideal for those working in brokerage operations, particularly those involved with transaction backend processes. Professionals dealing with tasks like cashiering, controlling securities, account statements, and margin requirements will find this exam particularly relevant. It ensures they have the necessary knowledge to execute their roles effectively and maintain compliance with industry regulations.

By focusing on these key areas, candidates can prepare thoroughly for the Series 99 Exam, ensuring they meet the high standards expected by FINRA and the securities industry. This preparation not only helps them pass the exam but also excel in their operational roles within the industry.

Series 99 Study Strategies and Tips

Effective Study Habits and Schedules

I found that having a study plan tailored to my needs is critical for the Series 99 Exam. It’s important to start by evaluating what I already know and then setting clear, achievable goals. For example, managing both a job and studying meant dedicating two hours each evening to my studies and longer sessions over the weekends. Staying consistent with my plan helped me keep on track and avoid last-minute cramming.

Tips on Memorization and Retention

I used active learning strategies to boost my memorization and retention. One method that worked well was teaching the material to someone else or linking it to real-life situations. Creating flashcards for important terms and rules and reviewing them using spaced repetition helped solidify the information in my mind over time.

Advice on Practice Exams and Self-Assessment

Taking practice exams gave me a feel for the real test experience and highlighted areas I needed to improve. After each practice test, reviewing incorrect answers helped me understand where I went wrong. I opted for study tools like the ones from the Securities Institute of America, which offer very realistic practice tests. These practices were crucial for my Series 99 prep.

Resources for Further Learning

Extra Materials for Knowledge

Beyond the typical study guides, there are other resources that can aid in learning. Textbooks, ebooks, and license exam manuals often cover topics in deeper detail. Digital content from sites like the Securities Institute of America can offer the latest updates and insights through courses and video lectures. Additionally, forums and professional networks provide excellent supplementary information.

Collaborative Study Groups

Participating in a study group can be highly beneficial. These groups offer different perspectives and clarify confusing topics. Platforms like LinkedIn facilitate connections with other professionals, while local meetups are ideal for finding study partners who can provide support and motivation.

Maintaining Knowledge Post-Exam

Staying Current with Industry Updates

The financial industry never stands still, so it’s crucial to stay informed. I make it a habit to read industry publications like The Wall Street Journal and subscribe to newsletters from regulatory bodies. This keeps me aware of any changes and new developments.

Ongoing Education and Career Development

After passing Series 99, it’s beneficial to pursue more certifications or attend workshops and seminars. Organizations such as the Securities Industry and Financial Markets Association (SIFMA) offer continuing education opportunities. These can boost my career and make me an indispensable member of my firm.

Testimonials from Series 99 Test Takers

STCUSA provides a great foundation for the Series 99 exam. The material is clear and straightforward, and I found that about 3-4 weeks of study was enough. There’s not a lot of math, which makes the exam more approachable.

When I prepared for the exam, I decided to follow a structured schedule. For each chapter, I would read the material, watch the corresponding lectures, and then take a practice exam focused on that chapter. After going through all the chapters, I dedicated my time to taking full-length practice exams covering all topics until the exam date.

I also found that the Series 99 offers a good introduction to ethical standards, similar to what you face in other FINRA exams like the Series 7. This made me feel more prepared for future tests.

Series 99 FAQs

How many questions are on the Series 99 exam?

The Series 99 exam consists of 50 questions centered around two primary functions related to the roles and responsibilities of an operations professional.

How can I qualify for the Series 99 exam?

To be eligible for the Series 99 exam, you need sponsorship from a FINRA member firm. Once your firm endorses you, they will request the exam on your behalf.

Does a Series 99 license expire?

The Series 99 license only expires if you leave your FINRA firm and do not find employment with another FINRA firm within two years. If this happens, you must retake the exam to get relicensed.

Series 99 vs Series 7: Which is better?

The Series 99 license is tailored for operations professionals. However, you can also work as an operations professional if you have a Series 7 license. The Series 7 license allows you to become a General Securities Representative, a role that typically comes with a higher salary. For those reasons, I would recommend the Series 7 over the Series 99.

Which Series 99 prep course offers the most comprehensive video lectures?

For those who prefer video lectures, the Securities Institute of America offers over 13 hours of in-depth video content tailored to cover all exam topics. This is excellent for visual learners who absorb information better through videos.

I have a full-time job; which Series 99 prep course offers the greatest flexibility?

ExamFX is particularly good for people with demanding schedules. They offer a self-paced study option that is designed to fit around your commitments. The course focuses on essential exam content, allowing you to prepare efficiently without needing a lot of time.

Which Series 99 prep course has the highest volume of practice questions?

STCUSA’s Series 99 prep course is known for its extensive bank of practice questions. If you learn best through repetition, this prep course could be a great fit. It ensures that you cover a wide range of potential exam questions.

Which Series 99 prep course provides the most interactive learning experience?

Knopman Marks offers a very interactive learning approach. It uses a mix of video lectures, flashcards, and practice exams. Its mobile app also allows you to study on the go, making it a good choice for those who prefer a hands-on learning approach.

Which course offers the most in-depth explanations if I’m concerned about the difficulty level of the Series 99?

Kaplan’s Series 99 prep course provides very detailed explanations and uses a methodical approach to help you study. They offer a study calendar and in-depth content reviews, which are crucial for understanding more difficult topics on the exam.

What Series 99 study course offers the most personal support?

Knopman Marks stands out for its personalized support. Students have direct access to instructors for any questions or clarifications they may need. This is particularly beneficial if they require guidance on complex topics or additional help understanding specific subject areas.

How do Series 99 online classes compare to traditional classroom settings in terms of exam success rates?

Online classes, such as those offered by Securities Institute of America and Kaplan, offer flexibility and convenience. They often have success rates that are equal to or better than traditional classroom settings. They utilize adaptive learning technologies and allow you to revisit content as needed, which can be very helpful.

What is the pass rate for the Series 99 exam?

The pass rate for the Series 99 exam is approximately 71%. This indicates that the exam can be challenging and highlights the importance of thorough preparation.

How do Series 99 prep courses improve pass rates?

Many prep courses report pass rates that are significantly higher than the average. For example, Kaplan’s Series 99 online courses boast a 93% pass rate. These courses often provide comprehensive study materials and practice questions that can make a big difference in preparation.

Frequently Asked Questions

What are the best practices for studying for the Series 99 exam?

To prepare for the Series 99 exam effectively, I recommend creating a study schedule that covers all the topics systematically. Utilize multiple resources like textbooks, online courses, and practice exams. Regularly taking practice tests helps identify weak areas. Lastly, joining study groups or forums can provide additional support.

Can I find Series 99 study guides available for free?

It is possible to find some free study materials online. However, they may not be as comprehensive as paid options. Websites like STCUSA offer detailed guides and practice exams, which can be more reliable and thorough.

What is considered a passing score for the Series 99 exam?

To pass the Series 99 exam, you need to score at least 68%. The exam consists of 100 multiple-choice questions, and achieving the passing mark means answering at least 68 questions correctly.

How does the difficulty of the Series 99 exam compare to other FINRA qualification exams?

The Series 99 exam is generally considered less challenging than some other FINRA qualification exams like the Series 7. It focuses mainly on operations, regulations, and supervisory practices, which might make it easier for those with a background in these areas. However, thorough preparation is still necessary.

What career opportunities can one pursue after passing the Series 99 exam?

Passing the Series 99 exam opens the door to roles such as Operations Professional, Compliance Officer, and other positions focused on the operational aspects of a financial firm. These roles are essential for ensuring that firms comply with industry regulations and operate smoothly.

Are there any downloadable PDF study guides recommended for Series 99 exam preparation?

Yes, several providers offer downloadable PDF study guides for the Series 99 exam. For example, the Securities Training Corporation provides comprehensive PDFs that include practice questions and detailed explanations. These can be a valuable tool for your study plan.