CISI ICWIM real exam prep : International Certificate in Wealth & Investment Management

  • Exam Code: ICWIM
  • Exam Name: International Certificate in Wealth & Investment Management
  • Updated: Aug 09, 2026
  • Q&As: 256 Questions and Answers

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ICWIM exam dumps

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CISI ICWIM Exam Syllabus Topics:

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

CISI International Certificate in Wealth & Investment Management Sample Questions:

1. When deciding on an appropriate benchmark, why would an index be chosen?

A) Because the client has stated that they are familiar with that particular index
B) To remove any tracking error from the measurements
C) If it represents a feasible investment alternative to the constructed portfolio
D) To avoid the difficulty of constructing a benchmark


2. The Return on Capital Employed (ROCE) ratio can be used to:

A) Calculate the return on ordinary shareholders' equity
B) Establish trends between accounting periods
C) Assist in revaluing fixed assets
D) Determine the need for capital


3. Which of the following is a money laundering offence?

A) Concealing
B) Developing
C) Producing
D) Avoiding


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 have high value investment levels
D) They are deemed unsuitable for retail investors


5. Why would an investor increase the duration of their bond fund?

A) In order to meet a short term liability
B) To take advantage of market mispricing
C) They are expecting a fall in interest rates
D) They are expecting a rise in interest rates


Solutions:

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

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