CISI ICWIM - International Certificate in Wealth and Investment Management Exam
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Total 178 questions
Question #11 (Topic: Exam A)
Why would an investment manager conduct forward looking security attribution?
A. In order to calculate future profits
B. To establish where future risks lie
C. To quantify next year's annual charge
D. In order to establish by how much they need to outperform the benchmark
Answer: B
Question #12 (Topic: Exam A)
Once an offshore foundation is established, who will normally be responsible for making ongoing decisions regarding the operational use of the foundation's assets?
A. The board of directors
B. The trustees
C. The council
D. The beneficiaries
Answer: C
Question #13 (Topic: Exam A)
An execution only sale usually means a sale where there is an absence of:
A. charges
B. advice
C. product
D. guarantee
Answer: B
Question #14 (Topic: Exam A)
Why is the process of prioritising the protection needs of your client important?
A. To establish the net worth of your client
B. It provides an opportunity to establish a benchmark
C. To protect your firm from risk
D. It allows you and the client to agree an affordable plan
Answer: D
Question #15 (Topic: Exam A)
In what circumstances would a central bank use its foreign reserves in the currency markets?
A. To lower the rate of inflation
B. To control the money supply
C. To influence the nation's currency
D. When influencing the short term interest rate
Answer: C
