Client Investment Recommendations and Strategies

This chapter is where product knowledge becomes adviser reasoning. Series 65 expects candidates to connect client type, client profile, portfolio theory, tax issues, account structures, and performance measures into recommendations that fit a real client instead of a textbook profile.

Read this chapter as an advice workflow. Start with who the client is, move into portfolio design and strategy, then add tax, retirement, ownership, trading, and performance considerations that sharpen the final recommendation.

In this section

• Client Types, Profiles, and Behavior
  Review how Series 65 tests client type, client profiling, behavioral factors, data gathering, goals, risk tolerance, and time horizon.
• Capital Market Theory and Portfolio Strategy
  Learn how Series 65 tests portfolio theory, asset allocation, diversification, active and passive styles, and strategy selection.
• Tax, Retirement, and Special Accounts
  Study tax fundamentals, retirement plans, ERISA issues, education accounts, HSAs, and other special-account topics tested on Series 65.
• Ownership, Estate Planning, Trading, and Performance
  Review ownership forms, estate techniques, trading mechanics, trading costs, and performance measures tested in the recommendation domain of Series 65.