CISI International Certificate in Wealth & Investment Management - ICWIM

CISI ICWIM test insides dumps
  • Exam Code: ICWIM
  • Exam Name: International Certificate in Wealth & Investment Management
  • Updated: Sep 08, 2026
  • Q & A: 256 Questions and Answers
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CISI ICWIM Exam Syllabus Topics:
SectionWeightObjectives
Client Advisory25%- Client needs analysis
  • 1. Time horizons
  • 2. Risk profiling and suitability
  • 3. Investment objectives
- Portfolio construction
  • 1. Portfolio review and rebalancing
  • 2. Performance measurement
  • 3. Asset allocation strategies
Financial Products20%- Collective investments
  • 1. ETFs and index trackers
  • 2. Funds and structured products
  • 3. Fund selection criteria
- Bonds and fixed income
  • 1. Credit risk
  • 2. Bond types and characteristics
  • 3. Yield and price relationships
- Equities and shares
  • 1. Dividends and total return
  • 2. Valuation methods
  • 3. Types of equity
Regulation and Ethics15%- Regulatory framework
  • 1. Investor protection
  • 2. Financial regulation principles
  • 3. Compliance requirements
- Ethical conduct
  • 1. CISI Code of Ethics
  • 2. Professional responsibilities
  • 3. Conflict of interest
Risk and Return20%- Portfolio theory
  • 1. Risk-return profiling
  • 2. Asset allocation principles
  • 3. Modern portfolio theory
- Risk concepts
  • 1. Types of investment risk
  • 2. Risk diversification
  • 3. Risk measurement
Market Environment20%- Economic environment
  • 1. Interest rates and inflation
  • 2. Business cycles
  • 3. Macroeconomic factors affecting investments
- Role and function of financial markets
  • 1. Market indices and benchmarks
  • 2. Market participants and intermediaries
  • 3. Types of financial markets and their roles
CISI International Certificate in Wealth & Investment Management Sample Questions:

Question 1

An investor is going to use bonds to meet a future liability. Why are they considering a laddering strategy?

A. In order to reduce their sensitivity to interest rate risk
B. To take advantage of changes in interest rates
C. To benefit from market mispricing
D. Because they anticipate a fall in interest rates


Question 2

Central banks:

A. Guarantee the success of individual businesses
B. Act as lender of last resort
C. Set mortgage rates
D. Are responsible for individual bank lending decisions


Question 3

The concept of the Sharpe ratio is to measure the:

A. Amount of performance attributable to a benchmark
B. Effect the annual charge has on fund performance
C. Ability of the fund manager in different scenarios
D. Return above a risk-free rate


Question 4

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

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


Question 5

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

A. Minimise client's tax burden
B. Organise client's financial affairs
C. Challenge client's risk appetite
D. Analyse client's financial status


Solutions:

Question 1
Answer: A
Question 2
Answer: B
Question 3
Answer: D
Question 4
Answer: D
Question 5
Answer: D

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