CISI Economics and Markets for Wealth Management Exam Preparation
Version 4 preparation for Paper 1 of the CISI Certificate in International Advanced Wealth Management, covering economics, asset classes, markets and custody.
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
Prepare for CISI Economics and Markets for Wealth Management
Economics and Markets for Wealth Management is Paper 1 of the Level 4 Certificate in International Advanced Wealth Management. It establishes the economic and market knowledge needed to assess cash, currencies, bonds, equities, property, alternatives and derivatives in an international wealth-management setting.
This page maps the current Version 4 syllabus across all eight official elements and all 80 examination questions. Fixed-Income Securities has the largest single allocation at 20%, followed by Real Estate and Alternative Investments at 16.25% and Equities at 15%.
Exam Format & Details
| Assessment | Multiple-choice examination |
| Duration | 120 Minutes |
| Standard Pass Mark | 70% |
| Level | CISI Level 4 |
| Total Qualification Time | 140 hours |
Key Benefits
Market context for wealth management
Link macroeconomics, monetary policy and financial-sector structure to client portfolio decisions.
- ✓ Economic indicators
- ✓ Policy and market cycles
- ✓ Wealth-management sector
Major asset classes
Build an exam-focused understanding of fixed income, equities, property, alternatives and derivatives.
- ✓ Fixed income
- ✓ Equities
- ✓ Alternatives and derivatives
Official weighting plan
Use the exact 80-question distribution to identify high-weight and supporting elements.
- ✓ Eight official elements
- ✓ Published question counts
- ✓ Focused revision sequence
Syllabus
Module 1: Wealth Management and the Financial Services Sector 10% syllabus weight
The purpose, participants, services, regulation and professional context of wealth management.
- • Financial-services structure
- • Wealth-management services
- • Professional and regulatory context
Module 2: Macro-Economic Environment 11.25% syllabus weight
Growth, inflation, employment, policy, economic cycles and the international environment affecting investments.
- • Economic indicators
- • Monetary and fiscal policy
- • Economic and market cycles
Module 3: Cash, Money Markets and the Foreign Exchange Market 10% syllabus weight
Cash instruments, short-term markets, interest rates, currencies and foreign-exchange risk.
- • Cash and deposits
- • Money-market instruments
- • Foreign exchange
Module 4: Fixed-Income Securities 20% syllabus weight
Bond structures, pricing, yields, credit, duration, risks and the role of fixed income in portfolios.
- • Bond features and markets
- • Price and yield
- • Credit and interest-rate risk
Module 5: Equities 15% syllabus weight
Equity characteristics, markets, company analysis, valuation, returns and risks.
- • Equity markets
- • Financial and company analysis
- • Equity valuation
Module 6: Real Estate and Alternative Investments 16.25% syllabus weight
Direct and indirect property, commodities, private markets, hedge funds and other alternatives.
- • Real estate
- • Private equity and hedge funds
- • Commodities and alternatives
Module 7: Derivatives 10% syllabus weight
Forwards, futures, options, swaps and their uses in investment and risk management.
- • Derivative markets
- • Futures and options
- • Swaps and risk management
Module 8: Settlement and Safe Custody 7.5% syllabus weight
Trade settlement, custody, ownership records, corporate actions and operational risks.
- • Settlement process
- • Custody and registration
- • Corporate actions and controls
Who Is This For?
Frequently Asked Questions
Paper 1 is assessed by 80 multiple-choice questions in 120 minutes.
The syllabus map follows Version 4, applicable to examinations from 21 December 2025 to 20 December 2027, subject to any later official CISI update.
No. The certificate requires both Economics and Markets for Wealth Management (Paper 1) and Wealth Management Practice (Paper 2).
Fixed-Income Securities carries 16 of 80 questions, Real Estate and Alternative Investments carries 13, and Equities carries 12. Every element remains examinable.
Checkout is open while the latest Version 4 learning content and question bank are being completed. Purchasers see the current two-hour completion notice on their dashboard.
CISI Economics and Markets for Wealth Management
Course Features
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