CWM_INTL_LVL_2 Exam Information and Outline
Chartered Wealth Manager (CWM) International Examination - Level 2
Syllabus Update Checked on: November 10, 2026
CWM_INTL_LVL_2 Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official CWM_INTL_LVL_2 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, 175 minutes
- 90 questions (40 x 1 mark, 30 x 2 marks, 20 x 4 marks)
- Passing score: 50%, no negative marking
- Unit 1: Equity Analysis
- Fundamental and technical analysis
- Equity valuation models
- Unit 2: Use of Alternative Products in Wealth Management
- Hedge funds, private equity, commodities, structured products
- Unit 3: Use of Behavioral Finance in Wealth Management
- Investor biases and heuristics
- Behavioral portfolio construction
- Unit 4: Real Estate Valuation and Analysis
- Real estate investment and valuation methods
- REITs
- Unit 5: Relationship Management by a Wealth Manager
- Client acquisition, servicing and retention
- Unit 6: International Taxation
- Cross-border tax principles and double taxation treaties
- Unit 7: Portfolio Management Strategies
- Strategic and tactical asset allocation
- Active and passive strategies
- Unit 8: Wealth Management Planning
- Retirement, estate and tax planning integration
- Unit 9: Advanced Wealth Management
- Family offices and high-net-worth client solutions