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ICWIM Practice Questions

International Certificate in Wealth & Investment Management

Last Update 4 days ago
Total Questions : 254

Dive into our fully updated and stable ICWIM practice test platform, featuring all the latest CISI level 3 Certificate in Wealth & Investment Management exam questions added this week. Our preparation tool is more than just a CISI study aid; it's a strategic advantage.

Our free CISI level 3 Certificate in Wealth & Investment Management practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about ICWIM. Use this test to pinpoint which areas you need to focus your study on.

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Question # 21

Which document is used to illustrate the costs and charges related to investment in a mutual fund?

Options:

A.  

Key Features Document

B.  

Key Investor Information Document (KIID)

C.  

Prospectus

D.  

Terms of Business

Discussion 0
Question # 22

The return from a zero coupon bond, held to maturity, is:

Options:

A.  

Determined by interest rates

B.  

Entirely capital gain

C.  

A mixture of income and capital gain

D.  

Entirely income

Discussion 0
Question # 23

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

Options:

A.  

Recommend the cheapest product

B.  

Help the client to determine their priorities

C.  

Seek a second opinion from another adviser

D.  

Conduct a fresh fact find to narrow down options

Discussion 0
Question # 24

The Arbitrage Pricing Theory (APT) seeks to determine what factors influence security price movements using:

Options:

A.  

Mean variance analysis

B.  

Beta testing

C.  

Technical analysis

D.  

Regression analysis

Discussion 0
Question # 25

Which term is used to describe a dividend payment made by a company with insufficient earnings to do so?

Options:

A.  

An ex-dividend payment

B.  

A proxy dividend payment

C.  

A scrip dividend payment

D.  

An uncovered dividend payment

Discussion 0
Question # 26

How are exchange traded funds usually structured within the EU?

Options:

A.  

As UCITS funds

B.  

As investment trusts

C.  

As Alternative Investment Funds

D.  

As SICAVs

Discussion 0
Question # 27

What is the final stage of the money laundering process?

Options:

A.  

Calculator

B.  

Arranging

C.  

Integration

D.  

Layering

Discussion 0
Question # 28

The Financial Action Task Force (FATF) was created to:

Options:

A.  

Improve financial regulation in G7 member states

B.  

Support countries in developing their financial regulation

C.  

Support international efforts to end safe havens for corrupt funds

D.  

Combat international money laundering and international terrorism

Discussion 0
Question # 29

Your client estimates that they will require £40,000 of income annually to live off when they retire. Personal plus state pension will provide £35,000. They wish to retire in 20 years' time. It is estimated that they can earn 3% per annum and inflation has been forecast at 2% over the next 20 years. Interest rates are currently 1.5%. Allowing for inflation, what lump sum would they need to accrue to supplement their pension?

Options:

A.  

£165,105

B.  

£247,658

C.  

£331,631

D.  

£495,316

Discussion 0
Question # 30

A company recently increased its earnings per share figure by 10%. This means that the company’s:

Options:

A.  

Share base has widened

B.  

Ability to pay dividends has improved

C.  

Market share has risen

D.  

P/E ratio has increased

Discussion 0
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