Chartered Wealth Manager (CWM) Global Examination
Last Update September 18, 2024
Total Questions : 1057
Our Chartered Wealth Manager GLO_CWM_LVL_1 exam questions and answers cover all the topics of the latest Chartered Wealth Manager (CWM) Global Examination exam, See the topics listed below. We also provide AAFM GLO_CWM_LVL_1 exam dumps with accurate exam content to help you prepare for the exam quickly and easily. Additionally, we offer a range of AAFM GLO_CWM_LVL_1 resources to help you understand the topics covered in the exam, such as Chartered Wealth Manager video tutorials, GLO_CWM_LVL_1 study guides, and GLO_CWM_LVL_1 practice exams. With these resources, you can develop a better understanding of the topics covered in the exam and be better prepared for success.
| Exam Name | Chartered Wealth Manager (CWM) Global Examination |
| Exam Code | GLO_CWM_LVL_1 |
| Actual Exam Duration | The duration of the AAFM GLO_CWM_LVL_1 exam is 3 hours. |
| What exam is all about | The AAFM GLO_CWM_LVL_1 exam is a certification exam offered by the American Academy of Financial Management (AAFM) for individuals seeking to become Certified Wealth Managers (CWMs). The exam covers a range of topics related to wealth management, including investment planning, risk management, estate planning, tax planning, and retirement planning. The exam is designed to test the knowledge and skills of candidates in these areas and to ensure that they have the expertise needed to provide effective wealth management services to clients. |
| Passing Score required | The passing score required in the AAFM GLO_CWM_LVL_1 exam is 70%. |
| Competency Level required | Based on the exam name, it is likely that the exam is designed for individuals who are at an entry-level or beginner level of competency in the field of wealth management. It is possible that the exam covers foundational knowledge and skills related to financial planning, investment management, risk management, and other key areas of wealth management. It is recommended that individuals interested in taking the exam review the exam objectives and requirements provided by the AAFM to determine the specific competency level required. |
| Questions Format | Based on the exam's description, it is likely to include multiple-choice questions, true/false questions, and scenario-based questions that test the candidate's knowledge and understanding of the principles and practices of wealth management. The exam may also include questions that require the candidate to analyze financial data, interpret financial statements, and apply financial planning concepts to real-world scenarios. |
| Delivery of Exam | Based on my research, it appears that the exam is offered in an online format and can be taken remotely from anywhere in the world. The exam may be proctored or unproctored, depending on the testing center's policies. It is recommended to check with the testing center or AAFM for specific details on exam delivery. |
| Language offered | Based on my research, the exam is likely to be offered in English, as it is the most commonly used language in the field of finance and management. It is possible that the exam may also include technical terms and jargon specific to the industry, which candidates will need to be familiar with in order to pass. |
| Cost of exam | You can visit the official website of AAFM or contact their customer support for the latest pricing information. |
| Target Audience | The target audience for AAFM GLO_CWM_LVL_1 certification includes professionals who are interested in pursuing a career in wealth management, financial planning, investment management, and related fields. This certification is suitable for individuals who have a basic understanding of financial concepts and want to enhance their knowledge and skills in the field of wealth management. The target audience may include financial advisors, investment managers, financial planners, bankers, and other professionals who work in the financial services industry. Additionally, individuals who are interested in pursuing a career in wealth management or financial planning may also benefit from this certification. |
| Average Salary in Market | The average salary for a Certified Wealth Manager (CWM) varies depending on the country and region. It is recommended to research the job market in your specific location to get a better understanding of the average salary for a CWM. |
| Testing Provider | You can visit the official website of the AAFM (American Academy of Financial Management) to register for the exam and get more information about it. |
| Recommended Experience | According to the AAFM website, the recommended experience for the GLO_CWM_LVL_1 exam is: - At least 2 years of professional experience in finance, accounting, or related fields - A bachelor's degree or higher in finance, accounting, or related fields - Familiarity with financial statements, financial analysis, and financial management principles - Knowledge of accounting principles and practices, including GAAP and IFRS - Understanding of investment analysis, risk management, and portfolio management - Familiarity with financial markets and instruments, including stocks, bonds, and derivatives It is also recommended to have completed a course or training program in financial management or related fields. |
| Prerequisite | The Certified Wealth Manager (CWM) certification offered by the American Academy of Financial Management (AAFM) requires candidates to have a bachelor's degree or equivalent, along with relevant work experience in the financial industry. Additionally, candidates may need to complete certain courses or training programs to meet the eligibility criteria for the CWM certification. It's best to check with the AAFM or the exam provider for the latest information on prerequisites for the GLO_CWM_LVL_1 exam. |
| Retirement (If Applicable) | It is recommended to check with the official website of AAFM or contact their customer support for the latest updates on the retirement date of the exam. |
| Certification Track (RoadMap): | The certification track/roadmap for the AAFM GLO_CWM_LVL_1 exam is as follows: 1. Certified Wealth Manager (CWM) Level 1: This is the entry-level certification that covers the basics of wealth management, including financial planning, investment management, and risk management. 2. Certified Wealth Manager (CWM) Level 2: This certification builds on the Level 1 certification and covers more advanced topics such as estate planning, tax planning, and retirement planning. 3. Certified Wealth Manager (CWM) Level 3: This is the highest level of certification and covers the most advanced topics in wealth management, including alternative investments, international taxation, and portfolio management. To become certified at each level, candidates must pass an exam that tests their knowledge and understanding of the relevant topics. The exams are administered by the American Academy of Financial Management (AAFM) and are recognized globally as a mark of excellence in the field of wealth management. |
| Official Information | https://www.aafmindia.co.in/CWMCertification/CharteredWealthManagerCurriculum.aspx |
| Take Self-Assessment | Use AAFM GLO_CWM_LVL_1 Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure |
| Section | Weight | Objectives |
|---|---|---|
| Unit 1 - Concept of Wealth Management | This unit would serve as stepping stone for a prospective investment professional in the basic understanding of the Wealth Management concept. The unit would cover the Wealth Management Process, Client Interaction Process, Time Value of Money Applications, Personal Financial Statements, and Cash Flow Management. The unit would further focus on dynamics of Wealth Management Industry especially in the context of global space. The last part of the unit would help the wealth manager in knowing the future of the Wealth Management Industry in India. | |
| Unit 2 - Indian and Global Financial System | For a professional like a Wealth Manager or Investment Advisor an understanding of Financial Markets and systems is of prime importance. This unit would enable the Wealth Managementprofessional get a basic understanding of the Global and Indian Financial System. This unitwould also cover the fundamental aspects of financial markets operating across the globe. Theunit would enable the investment professional in acquainting with the history and originationof the International Financial Markets, Global Financial Institutions, regulatory institutions, Monetary and Economic System. The objective of the unit is to enable a wealth manager to predict the change in Client’s Investment Portfolio as per the changes in the Economic Environment. | |
| Unit 3 - Investment Vehicles In Wealth Management | The unit would focus on making an investment professional understand the concepts of return for an asset in general and portfolio in particular. The wealth manager would be able to understand and calculate the different return measures which are helpful for assessing the performance of various asset classes like Equity and Mutual Funds. Overall the endeavor of the unit would be to harness the skills of the investment professional with regard to understanding investor’s ability to take risk and willingness to take risk and identify optimal portfolio allocation considering the client’s risk taking abilities and financial goals. | |
| Unit 4 - Measuring Investment Risk and Returns | This unit would enable the wealth manager understand the knowledge requirements relating to risk analysis in detail. It introduces the investment professional to risk analysis and insurance decisions in Protection Planning in a Wealth Management Plan. The wealth professional would use the facets of Wealth Planning for clients’ with regard to exposures to risks mortality, health, disability, property, liability, and long term care. A Wealth Manager would then be in a much better capacity to protect the client against these exposures. | |
| Unit 5 - Concept of Insurance and Risk Management | The unit would focus on the plethora of investment ideas i.e. products which a wealth manager could to his clients in order to build the portfolio .The unit would encompass the concept, structure, returns measurement (income and/or capital gains), tradability, liquidity and legal issues of the major investment vehicles. | |
| Unit 6 - Role of Wealth Management in Banking | A wealth manager would be not be thorough in wealth management unless he understands Banking and its working. The focus of this unit is just that. The wealth manager would be able to gain an in depth understanding of the banking industry, its processes and its products currently prevailing in the Indian Market in this unit. | |
| Unit 7 - Legalities in Wealth Management | Legal rules and regulations governing every industry, wealth management business is no different especially considering the function of managing money the wealth management business does. This unit would highlight some of the most important statutes and regulations affecting businesses, families, and individuals which a wealth manager should be aware of in his role of managing and accumulating wealth. | |
| Unit 8 - Tax Laws For Wealth Management | The performance of every investment decision is evaluated as per the Post Tax Returns of the portfolio. So to say the least taxation issues play a very important role in devising a wealth plan for a client (it is one of the investment constraints). This unit enables the students to understand the Tax Structure in India, To compute tax under various heads of income, To gain a deep understanding of the techniques employed for tax planning. | |
| Unit 9 - Life Cycle Management | This unit would explain the concept of life cycle management including retirement planning for an investment professional. The wealth manager would gather an in depth knowledge in understanding Life Cycle Issues at the time of devising the Wealth Management Plan for the client. The emphasis is on the process of wealth creation and the reviewing retirement planning strategies for clients. | |
| Unit 10 - Intergenerational Wealth Transfer & Tax Planning | In Wealth Management space the concept of Wealth transfer and preservation has gained as much importance as wealth accumulation. Few things are more important to an individual than planning his or her estate. This unit would help the wealth manager in understanding how Estate Planning can guide the client in determining who will receive his wealth at his death, how much of his wealth will go to the government in taxes, and whether his property will pass through a probate estate or through a trust. On completion of this unit the investment professional should be able to give advice on Estate Planning, Trust Planning while taking into account the taxation of the above strategies. |
TESTED 19 Sep 2024
