CISI Wealth Management

CISI Applied Wealth Management (UK)

Name: CISI Applied Wealth Management
Rating: 4.7 (1352 reviews)

Official CISI Accredited Training Partner

Structured preparation for the final Level 7 Applied Wealth Management unit in the three-unit CISI Chartered Wealth Manager Qualification.

120 Answer-Planning Prompts Detailed Study Notes Written-Answer Focused Revision

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Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.

5 answer-planning sets

Self-Paced Learning

Certificate of Completion

Full Chapter Audio Lessons New

Listen to extended lessons covering the examinable rules, numbers and traps in every chapter.

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* This is a chapter sample. All audio is available in the full version.

Prepare for the CISI Applied Wealth Management examination

Applied Wealth Management, commonly shortened to AWM, is the final Level 7 unit in the CISI Chartered Wealth Manager Qualification. It is a distinct written examination rather than the complete qualification. Candidates must also satisfy the route requirements for Financial Markets and Portfolio Construction Theory.

This storefront follows the latest official syllabus located and reviewed for the November 2026 sitting. The study workbook contains seven chapters, while the official syllabus is organised into ten learning outcomes. AWM emphasises application: candidates may be assessed on aspects of all three units and must connect technical knowledge to private-client planning, portfolio decisions and professional recommendations.

The formal assessment is a three-hour, 100-mark narrative paper. Section A requires four short answers selected from six for 20 marks. Section B contains two compulsory 20-mark questions. Section C is a compulsory 40-mark case-study section. The learning hub includes seven detailed chapter summaries, 120 answer-planning questions across five practice sets, 130 flashcards, 137 reference entries including 20 worked calculations, and a source-grounded AI tutor. The selected-response drills develop knowledge and answer planning; they do not reproduce or grade the official written examination.

Always confirm the latest official CISI syllabus and Candidate Update for your sitting. The current 2026 map is designed to make the scope clear without assuming that workbook reading alone replaces wider reading, past-paper practice or practical experience.

Key Benefits

Three-section written-exam method

Prepare the different response skills required for concise short answers, compulsory applied questions and the 40-mark case study.

✓ Four short answers from six
✓ Two compulsory 20-mark questions
✓ Compulsory 40-mark case study

Integrated wealth-planning scope

Connect regulation, financial planning, investment, retirement, protection, taxation and client-wealth management.

✓ Seven study chapters
✓ Ten official learning outcomes
✓ Private-client application

Qualification-route clarity

Study AWM as the final unit while keeping its relationship with Financial Markets and Portfolio Construction Theory explicit.

✓ Final Level 7 unit
✓ Three-unit qualification route
✓ Cross-unit assessment scope

Syllabus

Module 1: UK Financial Services Regulation

🎧 Audio

Explain the UK regulatory system and its implications for firms, advisers and wealth-management clients.

• Regulators and authorisation
• Conduct, Consumer Duty and ethics
• Financial crime, data and RegTech

Module 2: Client Investment Planning

Develop, construct, implement and communicate a suitable financial and investment plan for a client.

• Client circumstances and objectives
• Risk, time horizons and priorities
• Recommendations and intergenerational planning

Module 3: Ongoing Portfolio and Client Review

Revisit the financial plan and manage the ongoing client relationship and private-client portfolio.

• Portfolio monitoring and review
• Suitability and changing needs
• WealthTech, cryptoassets and crowdfunding

Module 4: Liquidity and Funding

Apply and evaluate liquidity management for short- and long-term client funding requirements.

• Cash-flow planning
• Emergency and special-use liquidity
• Portfolio liabilities and cash movement

Module 5: Financial Protection

Evaluate protection needs and apply suitable personal, family, trust, charity and business protection solutions.

• Protection-needs analysis
• Insurance products and taxation
• State provision and under-protection

Module 6: Retirement-Planning Context

Evaluate the political, economic, legal, social, tax and regulatory factors affecting retirement planning.

• Auto-enrolment and pensions regulation
• Tax treatment and state provision
• Defined-benefit and defined-contribution schemes

Module 7: Retirement Strategies

Evaluate accumulation, de-risking, decumulation and retirement-income strategies for client needs.

• Accumulation and default funds
• Income and lump-sum options
• Longevity, sequencing and later-life risk

Module 8: Social Investment and Philanthropy

Explain and evaluate social-investment and philanthropic objectives within wealth management.

• Social-investment risk and return
• Sustainability disclosures
• Philanthropic structures and measurement

Module 9: Personal Taxation and Investment Planning

Assess how UK and international personal taxation affects investment planning and decision-making.

• Income tax, National Insurance and CGT
• Inheritance and family tax planning
• International taxation and reliefs

Module 10: Trusts, Beneficiaries and Family Offices

Identify and examine trust structures, beneficiary rights, trust taxation and family-office considerations.

• Trust concepts and legal capacity
• Income tax, CGT and IHT for trusts
• Family-office benefits and limitations

Student Reviews

4.7

★★★★★

Based on1352reviews

5 stars

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4 stars

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Submitted directly to CISI Academy. These testimonials are not presented as independently verified by Trustpilot, Google, or another third-party platform.

Recent Reviews

Feedback shared by learners across CISI Academy courses.

Adel G.

· May 18, 2026

★

CISI Academy learner feedback

Challenging but good

The practice questions are tough, which is good practice. It made the real exam feel easy. Make sure to spend time on the credit risk chapter.

Ananya R.

· Nov 18, 2024

★

CISI Academy learner feedback

Excellent study prep

I tried books and YouTube, but this is the best. The flashcards are great for my morning commute. The AI tutor helped me understand tricky topic points quickly.

David R.

· Jul 30, 2026

★

CISI Academy learner feedback

Highly recommend

I tried reading the official book but it was too dense. These questions are challenging and the detailed feedback for every answer makes learning so much faster.

Harry P.

· Oct 3, 2024

★

CISI Academy learner feedback

Great study guides

The summaries are super helpful. I work in fund admin and struggled with UCITS and NURS rules before. After two weeks on cisi.academy, it was much easier. I passed my exam easily.

Grace H.

· Sep 30, 2024

★

CISI Academy learner feedback

Finally understood the basics

I was confused about fund roles and definitions. The AI tutor explained it in five minutes. Passed on my first try thanks to this site!

Huda W.

· May 18, 2026

★

CISI Academy learner feedback

Recommended for compliance

This course made my transition into risk management very smooth. The practice scenarios are very realistic.

Frequently Asked Questions

AWM is a three-hour, 100-mark narrative examination. Section A requires four five-mark answers selected from six, Section B contains two compulsory 20-mark questions, and Section C is a compulsory 40-mark case-study section.

No. Applied Wealth Management is the final of three units. The qualification also includes Financial Markets and Portfolio Construction Theory, subject to the current CISI entry and completion rules.

Yes. The official syllabus states that candidates can be assessed on aspects of Financial Markets, Portfolio Construction Theory and Applied Wealth Management in the AWM examination.

The official workbook estimates approximately 200 hours, including workbook study, formal tuition where used and wider reading. It also stresses practical application and current awareness.

No. AWM is the Level 7 final unit in the Chartered Wealth Manager Qualification. Wealth Management Practice is a separate Level 4 paper in the Certificate in International Advanced Wealth Management.

The course includes 120 selected-response answer-planning questions across five practice sets, seven chapter summaries, 130 flashcards and 137 reference entries including 20 worked calculations. The drills do not reproduce or grade the official narrative paper. Use CISI past papers and examiner reports alongside the course for written-answer preparation.

The preview below contains 15 multiple-choice answer-planning questions with explanations. These revision drills do not reproduce the official written assessment.

Interactive preview

Free CISI Applied Wealth Management Written Exam Sample Questions

Try 15 CISI Applied Wealth Management answer-planning prompts from Chapter 4: Retirement Planning

Practice CISI Applied Wealth Management written-exam answer planning with sample prompts and model structures, then unlock all five planning sets and complete syllabus coverage.

Exam Practice

Chapter 4: Retirement Planning

Scenario 1 of 15

An employer replaces DB accrual with DC contributions. Which planning issue becomes more directly the member's responsibility?

1 / 15

Flashcards

Card 1 of 10Chapter 1: The Regulatory Environment

Question

What four outcomes should a Consumer Duty review consider?

Tap to reveal answer

Focus Learn

Key Written-Exam Areas10

1.1: Regulatory responsibilities
1.2: Permission and personal accountability
1.3: Suitability and management mandates
1.4: Consumer outcomes
1.5: Professional integrity
1.6: Ethics and compliance
1.7: RegTech oversight
1.1: Source of wealth and funds
1.1: Financial-crime escalation
1.1: PEPs and sanctions

Written-Answer Pitfalls to Avoid3

Exam Traps3

Key Numbers3

Chapter 1: The Regulatory Environment

Read regulation through the client relationship

A wealth manager needs to distinguish who regulates an activity, whether the firm may undertake it, what conduct is required and what evidence demonstrates the outcome. The Financial Policy Committee addresses system-wide resilience. Prudential supervision concerns financial soundness; conduct supervision concerns how firms behave towards clients and markets. HM Treasury sets the institutional and legislative framework. Other bodies have distinct remits: the Competition and Markets Authority addresses competition, the Pensions Regulator workplace pensions, the Information Commissioner's Office data protection, and the Financial Ombudsman Service eligible complaints. None is interchangeable with the compensation scheme for failed financial…

Unlock all Focus Learn

Open every chapter’s key areas, pitfalls, exam traps and key numbers.

Adaptive study tools

Focus weak topics, learn with feedback, then switch to exam conditions.

Practice modes

Learn first. Then prove you’re ready.

Learn with feedback, then switch to exam conditions.

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Instant feedback & explanations

See the answer and explanation after each choice.

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Timed answer-planning practice

Use the timer, keep answers hidden, then review your result.

Who Is This For?

✓ Candidates preparing for the CISI Applied Wealth Management examination

✓ Candidates completing the Chartered Wealth Manager Qualification

✓ Wealth managers, IFAs, private-client managers and discretionary portfolio managers

✓ Private bankers developing advanced client-planning and case-analysis skills

★★★★★ 4.7 (1352 reviews)