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CISI ICWIM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Regulation and Ethics | - Conduct of business and compliance principles - Regulatory environment in financial services - Ethical standards in investment advice |
| Wealth Management Principles | - Client investment needs and objectives - Portfolio construction basics - Risk and return concepts |
| Investment and Financial Markets | - Structure of financial markets - Market participants and their roles - Asset classes and investment products |
| Investment Products and Suitability | - Suitability and client profiling - Equities, bonds, and collective investments - Taxation and charges overview |
CISI International Certificate in Wealth & Investment Management Sample Questions:
1. A quote-driven system:
A) Benefits from liquidity provided by market makers
B) Uses an electronic order book
C) Prioritises orders in chronological order
D) Matches orders on the basis of price
2. Which index tracking method requires a swap agreement?
A) Full replication
B) Synthetic Replication
C) Stratified Sampling
D) Optimisation
3. A defined benefit DB pension scheme:
A) Provides employees with the knowledge of their retirement income
B) Is linked to the performance of the assets within the fund
C) Provides a fund that employees can use to purchase benefits at retirement
D) Can be transferred from employer to employer
4. Why would a composite benchmark be needed to measure portfolio performance?
A) Because the portfolio spans several asset classes
B) It makes it easier for the fund manager
C) Because the portfolio forms part of the investment universe
D) To lower the tracking error
5. A main feature of critical illness cover is that it:
A) Provides a regular income if the policyholder requires long-term care
B) Covers the cost of routine medical procedures
C) Pays a lump sum upon diagnosis of a specified medical condition
D) Replaces any income lost due to ill health
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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