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"International Certificate in Wealth & Investment Management", also known as ICWIM exam, is a CISI Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 256 Q&As to your ICWIM Exam preparation. In the ICWIM exam resources, you will cover every field and category in CISI level 3 Certificate Certification helping to ready you for your successful CISI Certification.
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| Section | Weight | Objectives |
|---|---|---|
| The Financial Services Sector | 16% | - Regulatory objectives and frameworks - Market functions and products - Ethical standards and professional conduct - Structure and participants |
| Investment Management | 15% | - Risk and return concepts - Portfolio construction theories - Performance measurement and evaluation - Investment strategies |
| Fiduciary Relationships | 16% | - Conflicts of interest - Client needs assessment - Duties and responsibilities - Risk profiling and suitability |
| Industry Regulation | 10% | - Client categorization and protection - Compliance and governance - Regulatory authorities and rules - Financial crime prevention |
| Lifetime Financial Provision | 18% | - Estate and succession planning - Retirement planning - Trusts and foundations - Protection and insurance planning |
| Economics and Investment Analysis | 10% | - Macroeconomics and markets - Valuation methods - Investment mathematics and statistics - Economic indicators and cycles |
| Asset Classes | 10% | - Equities - Cash and money market instruments - Derivatives - Fixed income securities - Real estate and alternative assets |
| Investment Advice | 21% | - Communication and documentation - Advisory process - Portfolio recommendations and review - Taxation principles |
Why might a portfolio manager use an equity fund rather than direct equity investment within a portfolio?
Correct Answer: A 🗳️
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Which of the following details used to determine the risk tolerance of a new client is best described as subjective?
Correct Answer: A 🗳️
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Why does prospect theory suggest that investors are inconsistent in their attitude to risk?
Correct Answer: B 🗳️
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It is impossible to diversify against:
Correct Answer: A 🗳️
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The difference between principal trading and agency trading is that an agent:
Correct Answer: C 🗳️
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