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CISI International Certificate in Wealth & Investment Management : ICWIM

ICWIM

Exam Code: ICWIM

Exam Name: International Certificate in Wealth & Investment Management

Updated: Sep 11, 2026

Q & A: 256 Questions and Answers

ICWIM Free Demo download:

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CISI ICWIM Exam Syllabus Topics:

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

CISI International Certificate in Wealth & Investment Management Sample Questions:

Question #1

Where the fact find process identifies that a client has three competing financial planning needs, what action should the financial adviser normally take?

A. Conduct a fresh fact find to narrow down options
B. Help the client to determine their priorities
C. Recommend the cheapest product
D. Seek a second opinion from another adviser


Question #2

One advantage of an occupational pension scheme OPS is that:

A. Contributions and withdrawals are tax free
B. The employee sets up the scheme and chooses the investments
C. The employee knows the level of retirement income
D. The employer contributes to the overall cost


Question #3

Which of the following types of funds is able to cancel units?

A. Split capital trust
B. Open-ended
C. Investment trust
D. Closed-ended


Question #4

Why are hedge funds effectively restricted to wealthy investors and institutions?

A. Because of the embedded risk
B. Due to regulatory restrictions on marketing
C. They are deemed unsuitable for retail investors
D. They have high value investment levels


Question #5

Which of the following forms part of the Financial Planning Standards Board six step process for financial planning?

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


Solutions:

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

Related Certifications
CISI level 3 Certificate
Investment Operations Certificate (IOC)
Investment Funds in Canada
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