IAR Study Guide 2026
Everything you need to pass the IAR exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
IAR exam key facts
- Candidates have 180 minutes to complete the Series 65 Investment Adviser Representative exam. Source
- To pass the Series 65 exam, an IAR candidate must answer at least 92 of the 130 scored questions correctly. Source
- A passed Series 65 exam expires unless the candidate registers with a state within two years, and it remains valid as long as the person stays registered. Source
📋 IAR Exam Format at a Glance
📚 IAR Topics to Study (14)
✍️ Sample IAR Questions & Answers
1. When the Federal Reserve raises the federal funds rate, what is the typical effect on bond prices?
When interest rates rise, newly issued bonds offer higher yields, making existing lower-yield bonds less attractive, so their prices fall to compensate.
2. What is the PRIMARY purpose of maintaining a clear chain of communication in IAR settings?
A clear chain of communication ensures accountability and facilitates timely information flow.
3. Effective communication between Investment Adviser Representative professionals and stakeholders requires which essential element?
Adapting style to the audience while maintaining accuracy ensures understanding across groups.
4. What is the recommended approach to staying current in Equity Markets & Valuation?
Staying current in Equity Markets & Valuation requires ongoing professional development, reading industry publications, and collaborating with peers to share knowledge and best practices.
5. Which best describes the scope of Banking Operations & Products in professional practice?
Banking Operations & Products encompasses both theoretical foundations and practical applications that are essential to professional practice in this field.
6. What is the recommended approach to staying current in Tax Planning & Considerations?
Staying current in Tax Planning & Considerations requires ongoing professional development, reading industry publications, and collaborating with peers to share knowledge and best practices.
🎯 Free IAR Practice Tests
📖 IAR Guides & Articles
What Practice Test Geeks adds beyond an AI chat for IAR
An AI chatbot can quiz you, but it can't reproduce the exam conditions or keep your record. Here you get:
- A timed, full-length IAR mock exam — 130 questions in 180 minutes with a 71% pass mark, modeled on the official exam's question count and time limit, followed by a score report broken down by exam domain.
- A fixed IAR question bank: the same test every attempt, so your score is comparable from one try to the next instead of changing with every regenerated quiz.
- Progress saved on your device: completed tests, scores and missed questions stay in My Progress, so you can retake only what you got wrong.
- A printable IAR cheat sheet you can print or save as a PDF.
- IAR flashcards built from the same question bank.
- Free IAR practice tests with the correct answer shown after each question.
How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy
Sources & references
Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy