Study ICWIM Tool & Test ICWIM Cram Pdf
Study ICWIM Tool & Test ICWIM Cram Pdf
Blog Article
Tags: Study ICWIM Tool, Test ICWIM Cram Pdf, ICWIM New Learning Materials, ICWIM Valid Test Registration, Latest ICWIM Test Cost
Never say you can not do it. This is my advice to everyone. Even if you think that you can not pass the demanding CISI ICWIM exam. You can find a quick and convenient training tool to help you. ActualPDF's CISI ICWIM exam training materials is a very good training materials. It can help you to pass the exam successfully. And its price is very reasonable, you will benefit from it. So do not say you can't. If you do not give up, the next second is hope. Quickly grab your hope, itis in the ActualPDF's CISI ICWIM Exam Training materials.
When preparing for the test ICWIM certification, most clients choose our products because our ICWIM learning file enjoys high reputation and boost high passing rate. Our products are the masterpiece of our company and designed especially for the certification. Our ICWIM latest study question has gone through strict analysis and verification by the industry experts and senior published authors. The clients trust our products and place great hopes on our ICWIM Exam Dump. They treat our products as the first choice and the total amounts of the clients and the sales volume of our ICWIM learning file is constantly increasing.
Pass Guaranteed Quiz ICWIM - High Pass-Rate Study International Certificate in Wealth & Investment Management Tool
Our technician will check the update of ICWIM exam questions every day, and we can guarantee that you can get a free update service from the date of purchase. Once you have any questions and doubts about the ICWIM exam questions we will provide you with our customer service before or after the sale, you can contact us if you have question or doubt about our ICWIM Exam Materials and the professional personnel can help you solve your issue about using ICWIM study materials.
CISI International Certificate in Wealth & Investment Management Sample Questions (Q80-Q85):
NEW QUESTION # 80
A market which employs an electronic order book to match buyers with sellers in strict order by price is known as:
- A. Over-the-counter
- B. Quote-driven
- C. On-exchange
- D. Order-driven
Answer: D
Explanation:
In an order-driven market, an electronic order book is used to match buy and sell orders based on strict price and time priority. This system ensures transparency and fair pricing since all orders are visible to market participants.
NEW QUESTION # 81
Having prepared recommendations via a report, why would an adviser suggest a face-to-face meeting with their client?
- A. To afford the opportunity to clear up any misunderstandings
- B. To establish the client's tax position
- C. In order to collect fees prior to implementation of the recommendations
- D. So that the client can review the adviser's qualifications
Answer: A
Explanation:
* Purpose of Client Meetings: A face-to-face meeting allows the adviser to personally communicate complex financial recommendations.
* Importance of Clarity: Clients may misunderstand written reports due to technical jargon or unfamiliarity with financial terms. This meeting provides an opportunity to ensure clarity and build trust.
* Elimination of Other Options:
* A: Collecting fees can be done online or through invoices; this is not the primary purpose of a meeting.
* B: Tax position assessment is typically done before preparing recommendations.
* C: Reviewing adviser qualifications is rare in meetings; trust is built through prior interactions.
References:
* ICWIM Module 2: Focus on professional adviser-client relationships and clear communication.
NEW QUESTION # 82
When an investment manager manages and makes changes to a portfolio without referring to the client, this is known as:
- A. Financial planning
- B. Advisory dealing
- C. Execution-only
- D. Discretionary
Answer: D
Explanation:
* Discretionary Management Defined:
* In discretionary management, the investment manager is authorized to make decisions and implement changes in a portfolio without client consultation.
* This requires a pre-agreed mandate outlining the client's goals and risk tolerance.
* Elimination of Other Options:
* A: Execution-only involves the client making all decisions without advice.
* B: Advisory dealing requires client approval for transactions.
* D: Financial planning is broader and focuses on comprehensive client goal-setting, not direct portfolio management.
References:
* ICWIM Module 4: Explanation of portfolio management styles.
NEW QUESTION # 83
If two sets of data have a correlation coefficient of 1.0, they possess:
- A. Perfect negative correlation
- B. Perfect positive correlation
- C. Weak correlation
- D. No correlation
Answer: B
Explanation:
* Correlation Coefficient of 1.0:
* A correlation coefficient measures the strength and direction of the relationship between two datasets.
* A value of1.0indicates a perfect positive correlation, meaning the two sets of data move in the same direction proportionally.
* Elimination of Other Options:
* A: A value of 0 indicates no correlation.
* B: Weak correlation would be closer to 0.
* C: Perfect negative correlation has a value of -1.
References:
* ICWIM Module 3: Concepts of statistical measures, including correlation.
NEW QUESTION # 84
Your client estimates that they will require £40,000 of income annually to live off when they retire. Personal plus state pension will provide £35,000. They wish to retire in 20 years' time. It is estimated that they can earn
3% per annum and inflation has been forecast at 2% over the next 20 years. Interest rates are currently 1.5%.
Allowing for inflation, what lump sum would they need to accrue to supplement their pension?
- A. £165,105
- B. £247,658
- C. £331,631
- D. £495,316
Answer: C
Explanation:
* Determine the shortfall in income:
* Desired income: £40,000
* Pension provided: £35,000
* Annual shortfall: £40,000 - £35,000 = £5,000
* Adjust for inflation over 20 years:Future value = Present Value × (1 + Inflation Rate)