[Series 66] 47, Advisory Contracts Fees and Assignment

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: - How state rules under the Uniform Securities Act differ from federal rules under the Investment Advisers Act regarding written advisory contracts. - What constitutes an assignment of an investment advisory contract and how to identify the applicable client-consent requirement. - The regulatory distinction between majority and minority partner changes in an investment adviser partnership. - The rules governing performance-based fee arrangements and qualified client exemptions under state and federal law. - Requirements for prepaid advisory fees, refund provisions, and substantial prepayment disclosure thresholds. This independent study resource helps candidates prepare for the Series 66 examination. Access practice questions at https://open-exam-prep.com/practice/series66 and video lessons at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026: - https://www.nasaa.org/wp-content/uploads/2023/02/Series-66-Outline-June-2023.pdf - https://www.nasaa.org/exams/general-exam-information/series-66-exam-content-outline/ https://www.sec.gov/files/rules/interp/2019/ia-5248.pdf