CISI International Certificate in Wealth & Investment Management : ICWIM Exam

  • Exam Code: ICWIM
  • Exam Name: International Certificate in Wealth & Investment Management
  • Updated: Jun 19, 2026
  • Q & A: 256 Questions and Answers

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CISI International Certificate in Wealth & Investment Management Sample Questions:

1. If someone in a fiduciary position has personal or professional interests that compete with their duty to act in the client's best interest, this is called:

A) A regulatory breach
B) A conflict of interest
C) Discretionary management
D) Full disclosure


2. During a period of growth in consumer income the demand curve for a normal product would:

A) Shift to the right
B) Shift to the left
C) Begin to curve upwards
D) Remain static


3. What method is typically used to satisfy a financial adviser's know your customer obligations?

A) Carrying out a fact find
B) Providing a choice of options
C) Conducting a risk benefit analysis
D) Issuing a key features document


4. When investors wish to sell units in mutual funds, there is a risk of the fund being gated. Why might this happen?

A) Because the investor has not held the units past the 'lock-in' period
B) To ensure that the commission as a proportion of the fund remains small
C) To ensure any tax deferral benefits are not lost
D) To allow fund managers to raise enough funds to pay out to those wishing to sell their units


5. During a period of growth in consumer income the demand curve for a normal product would:

A) Shift to the right
B) Shift to the left
C) Begin to curve upwards
D) Remain static


Solutions:

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

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