Exam Code: ICWIM
Exam Name: International Certificate in Wealth & Investment Management
Certification Provider: CISI
Corresponding Certification: CISI level 3 Certificate
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CISI ICWIM Exam Syllabus Topics:

SectionWeightObjectives
Client Advisory25%- Portfolio construction
  • 1. Asset allocation strategies
  • 2. Performance measurement
  • 3. Portfolio review and rebalancing
- Client needs analysis
  • 1. Risk profiling and suitability
  • 2. Time horizons
  • 3. Investment objectives
Market Environment20%- Role and function of financial markets
  • 1. Market participants and intermediaries
  • 2. Market indices and benchmarks
  • 3. Types of financial markets and their roles
- Economic environment
  • 1. Interest rates and inflation
  • 2. Macroeconomic factors affecting investments
  • 3. Business cycles
Financial Products20%- Equities and shares
  • 1. Dividends and total return
  • 2. Valuation methods
  • 3. Types of equity
- Collective investments
  • 1. Funds and structured products
  • 2. Fund selection criteria
  • 3. ETFs and index trackers
- Bonds and fixed income
  • 1. Yield and price relationships
  • 2. Credit risk
  • 3. Bond types and characteristics
Risk and Return20%- Portfolio theory
  • 1. Risk-return profiling
  • 2. Asset allocation principles
  • 3. Modern portfolio theory
- Risk concepts
  • 1. Risk measurement
  • 2. Types of investment risk
  • 3. Risk diversification
Regulation and Ethics15%- Regulatory framework
  • 1. Financial regulation principles
  • 2. Compliance requirements
  • 3. Investor protection
- Ethical conduct
  • 1. CISI Code of Ethics
  • 2. Conflict of interest
  • 3. Professional responsibilities

CISI International Certificate in Wealth & Investment Management Sample Questions:

To minimise risk and maximise diversification, a portfolio should hold securities with:

  • A. Negative correlation and low standard deviation
  • B. Positive correlation and low standard deviation
  • C. Positive correlation and high standard deviation
  • D. Negative correlation and high standard deviation
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Once an offshore foundation is established, who will normally be responsible for making ongoing decisions regarding the operational use of the foundation's assets?

  • A. The trustees
  • B. The board of directors
  • C. The beneficiaries
  • D. The council
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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If the fact find process is limited only to the collection of hard facts, this is likely to lead to:

  • A. Too much focus on historical performance
  • B. Failure to capture the client's views on risk
  • C. Information quickly becoming out of date
  • D. The distortion of historical data
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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For a key person protection policy, a company will:

  • A. Be required to pay ever-increasing premiums
  • B. Seek to be covered for an undefined sum of money
  • C. Need to establish an insurable interest
  • D. Be insured against staff moving to a competitor
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Which of the following forms part of the Financial Planning Standards Board's six-step process for financial planning?

  • A. Analyse client's financial status
  • B. Challenge client's risk appetite
  • C. Organise client's financial affairs
  • D. Minimise client's tax burden
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

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