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CISI ICWIM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Wealth Management Principles | - Risk and return concepts - Client investment needs and objectives - Portfolio construction basics |
| Investment Products and Suitability | - Equities, bonds, and collective investments - Taxation and charges overview - Suitability and client profiling |
| Investment and Financial Markets | - Market participants and their roles - Asset classes and investment products - Structure of financial markets |
| Regulation and Ethics | - Regulatory environment in financial services - Ethical standards in investment advice - Conduct of business and compliance principles |
CISI International Certificate in Wealth & Investment Management Sample Questions:
1. Equities have a higher risk/reward profile when compared to many other asset classes. Their use within a portfolio stems from:
A) Their low volatility when compared to bonds
B) The ability to align liabilities with profits from equities
C) The potential to counter inflationary effects
D) Their lower cost compared to other assets
2. A main feature of critical illness cover is that it:
A) Replaces any income lost due to ill health
B) Provides a regular income if the policyholder requires long-term care
C) Pays a lump sum upon diagnosis of a specified medical condition
D) Covers the cost of routine medical procedures
3. Double taxation treaties are designed to:
A) Prevent double taxation
B) Reduce cross-border investment
C) Tax all types of income at the same rate
D) Ensure both countries apply taxation
4. A firm has an existing client who is the head of a foreign state. What type of due diligence should the firm undertake if the client's spouse applies to become a client?
A) Simplified
B) Standard
C) Enhanced
D) Additional
5. Negotiable bearer securities issued by commercial banks in exchange for fixed-term deposits are known as:
A) Treasury Bills
B) Bills of Exchange
C) Certificates of Deposit
D) Commercial Paper
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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