International Certificate in Wealth & Investment Management: ICWIM Exam


"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.

  • Exam Code: ICWIM
  • Exam Name: International Certificate in Wealth & Investment Management
  • Total Questions: 256

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CISI ICWIM Exam Syllabus Topics:

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

CISI International Certificate in Wealth & Investment Management Sample Questions:

Why might a portfolio manager use an equity fund rather than direct equity investment within a portfolio?

  • A. To gain exposure to a specialist sector
  • B. To benefit from changes in volatility
  • C. In order to reduce ongoing charges
  • D. To avoid paying capital gains tax
Reveal Solution  Discussion  0

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?

  • A. The client's preferred investment choice
  • B. The family commitments of the client
  • C. The client's current stage of life
  • D. The timescale over which the client is able to invest
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Why does prospect theory suggest that investors are inconsistent in their attitude to risk?

  • A. Due to their reliance on past performance
  • B. Reluctance to realise losses yet quick to take gains
  • C. Because once asset allocations have been made, investors are reluctant to change them
  • D. Reluctance to realise gains yet quick to take losses
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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It is impossible to diversify against:

  • A. Market risk
  • B. Liquidity risk
  • C. Currency risk
  • D. Credit risk
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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The difference between principal trading and agency trading is that an agent:

  • A. Does not always offer best execution
  • B. Will usually execute the order against their own trading book
  • C. Charges commission on the deal
  • D. Aims to profit from the bid-offer spread
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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