This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the Series 6 Exam.
In this episode you will learn:
- The three types of investment companies defined by the Investment Company Act of 1940.
- How a Face-Amount Certificate promises a fixed future payout for a current investment.
- The structure of a Unit Investment Trust (UIT) as a fixed, unmanaged, and self-liquidating portfolio.
- The role of an investment adviser and board of directors in a Management Company.
- A mnemonic to distinguish between the three company types for your exam.
For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
![[Series 6] 1, Introduction to Investment Companies](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)