Version 3 preparation for Paper 2 of the CISI Certificate in International Advanced Wealth Management, from securities analysis and tax to portfolio review.
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
Wealth Management Practice is Paper 2 of the Level 4 Certificate in International Advanced Wealth Management. It applies investment knowledge to client circumstances through securities analysis, tax and estate structures, product selection, risk and return, portfolio construction, advice, recommendation and ongoing review.
This page maps the current Version 3 syllabus across all eight official elements and all 80 examination questions. Securities Analysis and Investment Selection and Recommendation are the two largest elements at 16.25% each, with the remaining questions distributed across the full client and portfolio-management process.
| Assessment | Multiple-choice examination |
| Duration | 120 Minutes |
| Standard Pass Mark | 70% |
| Level | CISI Level 4 |
| Total Qualification Time | 140 hours |
Follow the client journey from objectives and risk through selection, recommendation and ongoing review.
Connect securities analysis and investment products with construction, performance and risk controls.
Understand how taxation, trusts and foundations influence international wealth-management decisions.
Economic, sector, company, equity and fixed-income analysis used to assess investment opportunities.
Tax principles, residence and domicile, trusts, foundations, estate planning and cross-border considerations.
Features, uses, risks and suitability considerations across the products available to wealth clients.
Return measurement, risk types, diversification and the relationship between risk and expected return.
Objectives, constraints, asset allocation, optimisation, behavioural influences and portfolio implementation.
The advice process, client information, objectives, risk capacity, suitability and professional communication.
Selecting investments, conducting due diligence and forming suitable, evidence-based recommendations.
Performance measurement, attribution, benchmarking, rebalancing and continuing client review.
Paper 2 is assessed by 80 multiple-choice questions in 120 minutes.
The syllabus map follows Version 3, applicable to examinations from 2 March 2026 to 20 August 2027, subject to any later official CISI update.
Not by itself. The certificate requires both Wealth Management Practice (Paper 2) and Economics and Markets for Wealth Management (Paper 1).
Securities Analysis and Investment Selection and Recommendation each carry 13 of the 80 questions. All eight elements remain examinable.
Checkout is open while the latest Version 3 learning content and question bank are being completed. Purchasers see the current two-hour completion notice on their dashboard.
No. For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity. Confirm the requirement with the employer and regulator before booking.
Use the official CISI booking flow to check remote-invigilation or test-centre availability for CISI Wealth Management Practice. Confirm the current workbook edition and read Candidate Updates before booking.
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
🇬🇧 Local market guide
Review how CISI Wealth Management Practice connects to regulation, qualification pathways, booking, currency and careers in the United Kingdom before paying the official exam fee.
For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity.
Financial Conduct AuthorityUse the official CISI booking flow to check remote-invigilation or test-centre availability for CISI Wealth Management Practice. Confirm the current workbook edition and read Candidate Updates before booking.
Find a CISI test centreICWIM knowledge is relevant to international private banking, client services, wealth operations and entry-level investment-support roles. Regulated UK advice roles may require a different or higher-level qualification.
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
Market-specific reading
Review the official format, syllabus and study plan.
Compare ICWIM's international foundation with a UK role-focused progression route.
Explore UK-specific wealth-management context beyond the global ICWIM syllabus.
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