CWM_INTL_LVL_1 Exam Information and Outline
Chartered Wealth Manager (CWM) International Examination - Level 1
Syllabus Update Checked on: November 10, 2026
CWM_INTL_LVL_1 Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official CWM_INTL_LVL_1 exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
AAFM.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- Online examination, 115 minutes
- 70 questions / 150 marks (30 x 1 mark, 20 x 2 marks, 20 x 4 marks)
- Passing score: 50%, no negative marking
- Unit 1: Overview of the Global Financial System
- Financial markets, institutions and regulators
- Global economic environment
- Unit 2: Concept of Wealth Management
- Scope and process of wealth management
- Client profiling and needs analysis
- Unit 3: Life Cycle Management
- Financial life cycle stages and planning
- Retirement and insurance planning
- Unit 4: Investment Vehicles of Wealth Management
- Equities, fixed income, mutual funds, ETFs
- Insurance products, structured products and alternatives
- Unit 5: Measuring Investment Returns
- Holding period, annualized and risk-adjusted returns
- Time-weighted vs. money-weighted returns
- Unit 6: Managing Investment Risk
- Types of risk and risk measurement
- Diversification and asset allocation
- Unit 7: Role of Wealth Management in Banking
- Private banking and relationship management
- Unit 8: Loan and Debt Management
- Credit products and debt planning
- Unit 9: Intergenerational Wealth Transfer
- Estate planning, wills and trusts
- Succession planning