[Series 66] 20, Strategic vs Tactical Asset Allocation

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 core framework of strategic asset allocation as a long-term passive baseline strategy.

• How tactical asset allocation operates as an active short-term portfolio overlay.

• Why strategic rebalancing differs from tactical market timing and sector rotation.

• How an investment adviser representative applies discretionary authority during asset shifts.

• A simple decision rule to easily classify portfolio management strategies on the exam.

This independent study resource is designed for candidates preparing for the Series 66 examination. Access additional preparation materials at https://open-exam-prep.com/practice/series66 and watch video tutorials on 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/