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CISI ICWIM Exam Syllabus Topics:

SectionObjectives
Topic 1: Wealth Management Principles- Client investment needs and objectives
- Risk and return concepts
- Portfolio construction basics
Topic 2: Regulation and Ethics- Ethical standards in investment advice
- Conduct of business and compliance principles
- Regulatory environment in financial services
Topic 3: Investment and Financial Markets- Asset classes and investment products
- Structure of financial markets
- Market participants and their roles
Topic 4: Investment Products and Suitability- Suitability and client profiling
- Taxation and charges overview
- Equities, bonds, and collective investments

CISI International Certificate in Wealth & Investment Management Sample Questions:

1. One benefit of the Rules-Based model of regulation is that it:

A) Evolves quickly in fast-changing dynamic markets
B) Offers a unique combination of private interests with government oversight
C) Provides a source of guidance on how firms and individuals are expected to act
D) Involves a high degree of prescriptive procedures and detailed rules, making it clear what individuals and firms must do to comply


2. When operating a restrictive fiscal policy governments will:

A) Increase taxes and reduce government spending
B) Increase welfare payments and reduce taxation
C) Reduce rates of interest and increase spending
D) Seek to increase public sector spending


3. When a UK based investor receives overseas equity dividend income, which one of the following types of tax may have been deducted?

A) Value Added Tax
B) Withholding Tax
C) UK Corporation Tax
D) Stamp Duty


4. During a period of quantitative easing banks hold more reserves. The effect of this is that:

A) The rate of inflation falls
B) Banks increase their lending to consumers and businesses
C) Higher reserves reduce the amount of money in circulation
D) Interest rates begin to rise


5. According to economic theory, firms maximize profit by:

A) Reaching minimum efficient scale (MES)
B) Creating economies of scale
C) Equating marginal revenue (MR) to marginal cost (MC)
D) Balancing short-run costs against increasing and diminishing returns


Solutions:

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

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