[Series 66] 35, Adviser Exemptions and Notice Filing

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The difference between state adviser registration and federal covered adviser notice filing.

- How the de minimis exemption applies to out-of-state investment advisers.

- Requirements for an adviser notice filing package including Form ADV and fees.

- The distinct state registration rules governing investment adviser representatives.

- How physical place of business impacts exemption eligibility and registration triggers.

This independent study guide supports candidates preparing for state securities licensing. Practice questions are available at https://open-exam-prep.com/practice/series66 and video resources at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 14, 2026

- https://www.nasaa.org/exams/general-exam-information/series-66-exam-content-outline/

- https://www.finra.org/registration-exams-ce/qualification-exams/series66