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CISI ICWIM Exam Syllabus Topics:

SectionWeightObjectives
Investment Advice21%- Taxation principles
- Advisory process
- Portfolio recommendations and review
- Communication and documentation
Investment Management15%- Investment strategies
- Risk and return concepts
- Performance measurement and evaluation
- Portfolio construction theories
The Financial Services Sector16%- Market functions and products
- Regulatory objectives and frameworks
- Structure and participants
- Ethical standards and professional conduct
Asset Classes10%- Cash and money market instruments
- Equities
- Fixed income securities
- Derivatives
- Real estate and alternative assets
Fiduciary Relationships16%- Client needs assessment
- Conflicts of interest
- Duties and responsibilities
- Risk profiling and suitability
Lifetime Financial Provision18%- Retirement planning
- Estate and succession planning
- Protection and insurance planning
- Trusts and foundations
Economics and Investment Analysis10%- Investment mathematics and statistics
- Valuation methods
- Macroeconomics and markets
- Economic indicators and cycles
Industry Regulation10%- Compliance and governance
- Client categorization and protection
- Regulatory authorities and rules
- Financial crime prevention

CISI International Certificate in Wealth & Investment Management Sample Questions:

Government spending, that is financed through borrowing, within an expansionary fiscal policy can have the effect of:

  • A. Eliminating private sector spending
  • B. Increasing banks' reserves
  • C. Reducing the money supply
  • D. Lowering interest rates
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Equities have a higher risk/reward profile when compared to many other asset classes. Their use within a portfolio stems from:

  • A. The potential to counter inflationary effects
  • B. The ability to align liabilities with profits from equities
  • C. Their low volatility when compared to bonds
  • D. Their lower cost compared to other assets
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Shareholder protection ensures sufficient funds are available to purchase the shareholding of a major shareholder on their death. It does this by:

  • A. Being written into the Articles of Association
  • B. Investing in the shares of the company
  • C. Establishing a policy on each of the shareholding directors' lives
  • D. Providing term assurance to all of the company's employees
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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If a financial adviser issues a report to a client which recommends a specific protection product, what item relating to this product will often be attached to this report?

  • A. Policy schedule
  • B. Past performance table
  • C. Terms of business letter
  • D. Key features document
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Correct Answer: D  🗳️

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You are analysing two similar funds, A and B, which have similar returns. However, you notice Fund B has a much higher standard deviation than Fund A. This implies that:

  • A. Fund B has taken much higher risks
  • B. Fund B is significantly more profitable than Fund A
  • C. Fund A is much cheaper than Fund B
  • D. Fund A has taken much higher risks
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

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