Free ICWIM Exam Prep
CISI International Certificate in Wealth and Investment Management
Prepare for the ICWIM exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.
Quick Facts
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ICWIM CISI Qualifications (UK) License: Complete Roadmap
Follow this path to organize your licensing and exam preparation
Phase 1: Markets, Ethics, and RegulationYou are here
Build foundational understanding of financial markets, regulators (FCA, ESMA, IOSCO, SEC), AML/KYC, and integrity.
Phase 2: Equities, Bonds, and Derivatives
Master the core asset classes — equity valuation, bond duration and pricing, and option payoffs.
Phase 3: Funds, Alternatives, and Products
Cover UCITS, AIFs, ETFs, hedge funds, private equity, life products, and UK pensions and tax wrappers.
Phase 4: Portfolio Construction and Practice Exams
Wrap up with risk profiling, asset allocation, behavioural finance, and full-length CISI mock exams.
Can You Take the ICWIM Exam?
Check if you meet the basic eligibility requirements
- •Anyone may register for the ICWIM through CISI directly
- •A valid government-issued photo ID is required at the test centre
- •Remote invigilation is available in countries where CISI supports it
- •CISI student-membership benefits include workbook access and a CISI Learning Platform login
ICWIM Quick Facts
Time to Get Licensed
2-4 months for most candidates
From start to license in hand
Retake Policy
Candidates may rebook the exam after a failed attempt. There is no published mandatory waiting period, but candidates pay the full exam fee for each attempt.
Total Cost Breakdown
Free ICWIM Prep Tools
Reported exam pass rate: CISI does not publish ICWIM pass rates publicly. CISI advises that candidates who follow the recommended study plan and complete CISI mock exams typically pass on the first attempt.. Check the exam sponsor for the latest official figure.
100 Practice Questions
Coverage aligned to the Edition 7 ICWIM syllabus.
AI-Powered Learning
Wealth-management explanations target bond math, options, and regulatory acronyms.
2026 Updated
Built against Edition 7 of the syllabus, valid through 31 March 2027.
Free Access
Start with free ICWIM-style questions before paying for CISI prep providers.
What You'll Study
13 chapters covering the exam topics in this guide
Chapter 1: The Financial Services Sector, Market Infrastructure & Economic Theory
6 sections
Chapter 2: Industry Regulation, Financial Crime & Professional Ethics
4 sections
Chapter 3: Cash, Fixed Income & Foreign Exchange
5 sections
Chapter 4: Equities & Equity Valuation
4 sections
Chapter 5: Derivatives & Alternative Assets
5 sections
Chapter 6: Collective Investments & Other Investment Vehicles
5 sections
Chapter 7: Fiduciary Duties, Trusts & Estate Planning
4 sections
Chapter 8: Financial Mathematics & Statistical Analysis
4 sections
Chapter 9: Fundamental & Technical Analysis
3 sections
Chapter 10: Modern Portfolio Theory & Asset Allocation
4 sections
Chapter 11: Portfolio Performance & Behavioural Finance
4 sections
Chapter 12: Protection, Insurance & Retirement Planning
4 sections
Chapter 13: Taxation, Cross-Border Planning & Suitability
4 sections
ICWIM Exam Details
CISI International Certificate in Wealth and Investment Management
Administered by Chartered Institute for Securities & Investment (CISI)
Exam Content Breakdown
Based on the official Chartered Institute for Securities & Investment (CISI) content outline
Financial services structure, regulators, AML/KYC, and integrity.
Primary vs secondary markets, exchanges, MTFs, OTC, settlement, and clearing.
Share types, corporate actions, and equity valuation models.
Bond pricing, yield, duration, convexity, and credit ratings.
Hedge funds, private equity, real estate, commodities, and structured products.
UCITS, AIFs, OEICs, ETFs, and fund fees.
Futures, forwards, options, and swaps.
Life insurance, pensions, wraps, ISAs, JISAs, SIPPs.
MiFID II, AIFMD, UCITS Directive, FCA Handbook.
Capital gains, dividend tax, income tax, IHT, tax wrappers.
Risk profiling, asset allocation, rebalancing, behavioural finance, suitability.
What's Included
13 Chapters
Complete exam coverage
Practice Quizzes
With detailed explanations
Free to Start
No credit card required
Quality Exam Prep Shouldn't Cost Hundreds
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What's Next After the ICWIM?
After passing the ICWIM, you can pursue these career paths
ICWIM Exam FAQ
Official Chartered Institute for Securities & Investment (CISI) Resources
Verify information with these official sources
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Ready to Start Your Free ICWIM Prep?
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