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CISI ICWIM real answers - International Certificate in Wealth & Investment Management

ICWIM
  • Exam Code: ICWIM
  • Exam Name: International Certificate in Wealth & Investment Management
  • Updated: Aug 17, 2026
  • Q & A: 256 Questions and Answers
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CISI ICWIM Exam Syllabus Topics:

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

CISI International Certificate in Wealth & Investment Management Sample Questions:

1. Which type of fund makes a single daily transaction?

A) Investment trust
B) Mutual funds
C) Split capital trust
D) Closed-ended


2. A new client aged 32 is self-employed and married with three children, aged 8, 6 and 2. Which of the following protection products should normally be considered their highest priority?

A) Sickness cover
B) Key person cover
C) Inheritance tax cover
D) Long-term care cover


3. What type of funds are exchange traded commodities ETCs?

A) Alternative investment funds
B) Closed ended
C) Investment trusts
D) Open ended


4. A bullet bond portfolio can have an advantage over a barbell bond portfolio because:

A) It only invests in short-dated bonds
B) A bullet portfolio does not require regular rebalancing
C) The gross redemption yield is always higher
D) It is always riding the yield curve


5. How does relief at source normally operate in relation to overseas dividend income?

A) A credit is applied against a separate tax liability
B) A tax rebate is paid in cash
C) A reduced rate of withholding tax is levied
D) A staggering of the tax levy is granted


Solutions:

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

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