Smartly Prepare Exam with Free Online ICWIM Practice Test

We offer the latest ICWIM practice test designed for free and effective online International Certificate in Wealth & Investment Management certification preparation. It's a simulation of the real ICWIM exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.

Question 1

Performance attribution analysis attempts to explain why a portfolio had a certain return. It does so by breaking down the performance and attributing the results based on the decisions made by the fund manager on which of the following?

Options :

A : Asset allocation alone

B : Asset allocation and sector choice only

C : The combination of asset allocation, sector choice, and security selection

D : The combination of asset allocation, sector choice, security selection, and risk analysis

Answer: C

Question 2

The UCITS regulations have been integral to introducing a common format for:

Options :

A : Company accounts

B : Corporate actions

C : Key investor information documents

D : Trade settlement

Answer: C

Question 3

Having prepared recommendations via a report, why would an adviser suggest a face-to-face meeting with their client?

Options :

A : In order to collect fees prior to implementation of the recommendations

B : To establish the client’s tax position

C : So that the client can review the adviser’s qualifications

D : To afford the opportunity to clear up any misunderstandings

Answer: D

Question 4

A firm acting as agent makes money by:

Options :

A : Profiting from the spread

B : Providing advice

C : Charging their client a commission

D : Trading against its own order book

Answer: C

Question 5

What financial principle requires an adviser to gather extensive information from a client before making a recommendation?

Options :

A : Disclosure

B : Transparency of trading

C : Risk reduction

D : Know your customer

Answer: D