CISI ICWIM : International Certificate in Wealth & Investment Management

  • Exam Code: ICWIM
  • Exam Name: International Certificate in Wealth & Investment Management
  • Updated: Aug 10, 2026
  • Q & A: 256 Questions and Answers

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CISI ICWIM Exam Syllabus Topics:

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

CISI International Certificate in Wealth & Investment Management Sample Questions:

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

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


2. The return from a zero coupon bond, held to maturity, is:

A) Determined by interest rates
B) A mixture of income and capital gain
C) Entirely income
D) Entirely capital gain


3. Once a company reaches the point known as the minimum efficient scale, the theory of the firm suggests that the company should:

A) Halt its output expansion
B) Increase its unit price
C) Decrease its unit price
D) Accelerate its output expansion


4. A company recently increased its earnings per share figure by 10%. This means that the company's:

A) Ability to pay dividends has improved
B) Market share has risen
C) Share base has widened
D) P/E ratio has increased


5. Which class of mutual fund shares has a charging structure that avoids a front-end load?

A) Class B
B) Class D
C) Class C
D) Class A


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: A
Question # 4
Answer: A
Question # 5
Answer: C

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