What is the primary purpose of the FINRA Series 86 exam?

The primary purpose of the FINRA Series 86 exam is to determine the competency of individuals intending to perform research analysis for firms. This exam is specifically designed to assess the knowledge and skills required for research analysts, who are responsible for analyzing and interpreting data related to various financial instruments, companies, and market trends. Passing this exam indicates that an individual is prepared to conduct detailed market research, provide investment recommendations, and communicate findings effectively to clients or stakeholders.

The content of the Series 86 exam focuses on various aspects of financial analysis, including understanding financial statements, valuation methods, and industry-specific knowledge necessary for informed research. This specialized focus distinguishes the Series 86 exam from other assessments that may cover broader financial topics or trading practices.