CISI Wealth Management

CISI Economics and Markets for Wealth Management (UK)

Name: CISI Economics and Markets for Wealth Management
Rating: 4.7 (2435 reviews)

Official CISI Accredited Training Partner

Version 4 preparation for Paper 1 of the CISI Certificate in International Advanced Wealth Management, covering economics, asset classes, markets and custody.

400 Practice Questions Detailed Study Notes Realistic Mock Exams

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

Exactly what is included

400 practice questions across 5 mock exams · unlimited retakes
Focus Learn · key areas, pitfalls, exam traps & key numbers
Flashcards · fun, fast and effective recall
Exam cheat sheet · key facts, rules and numbers by chapter
Audio Learning · every chapter in audio
AI Analyzer & Mentor · pinpoints your weak areas
Study Mode Exams · learn while you train
AI Chat trained specifically for this exam
Study material organised by syllabus

AI Audio Summaries New

Listen to course modules on the go. Perfect for studying while driving or commuting.

🎧 Audio

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

Prepare for CISI Economics and Markets for Wealth Management

Economics and Markets for Wealth Management is Paper 1 of the Level 4 Certificate in International Advanced Wealth Management. It establishes the economic and market knowledge needed to assess cash, currencies, bonds, equities, property, alternatives and derivatives in an international wealth-management setting.

This page maps the current Version 4 syllabus across all eight official elements and all 80 examination questions. Fixed-Income Securities has the largest single allocation at 20%, followed by Real Estate and Alternative Investments at 16.25% and Equities at 15%.

Key Benefits

Market context for wealth management

Link macroeconomics, monetary policy and financial-sector structure to client portfolio decisions.

✓ Economic indicators
✓ Policy and market cycles
✓ Wealth-management sector

Major asset classes

Build an exam-focused understanding of fixed income, equities, property, alternatives and derivatives.

✓ Fixed income
✓ Equities
✓ Alternatives and derivatives

Official weighting plan

Use the exact 80-question distribution to identify high-weight and supporting elements.

✓ Eight official elements
✓ Published question counts
✓ Focused revision sequence

Syllabus

Module 1: Wealth Management and the Financial Services Sector 10% syllabus weight

🎧 Audio

The purpose, participants, services, regulation and professional context of wealth management.

• Financial-services structure
• Wealth-management services
• Professional and regulatory context

Module 2: Macro-Economic Environment 11.25% syllabus weight

Growth, inflation, employment, policy, economic cycles and the international environment affecting investments.

• Economic indicators
• Monetary and fiscal policy
• Economic and market cycles

Module 3: Cash, Money Markets and the Foreign Exchange Market 10% syllabus weight

Cash instruments, short-term markets, interest rates, currencies and foreign-exchange risk.

• Cash and deposits
• Money-market instruments
• Foreign exchange

Module 4: Fixed-Income Securities 20% syllabus weight

Bond structures, pricing, yields, credit, duration, risks and the role of fixed income in portfolios.

• Bond features and markets
• Price and yield
• Credit and interest-rate risk

Module 5: Equities 15% syllabus weight

Equity characteristics, markets, company analysis, valuation, returns and risks.

• Equity markets
• Financial and company analysis
• Equity valuation

Module 6: Real Estate and Alternative Investments 16.25% syllabus weight

Direct and indirect property, commodities, private markets, hedge funds and other alternatives.

• Real estate
• Private equity and hedge funds
• Commodities and alternatives

Module 7: Derivatives 10% syllabus weight

Forwards, futures, options, swaps and their uses in investment and risk management.

• Derivative markets
• Futures and options
• Swaps and risk management

Module 8: Settlement and Safe Custody 7.5% syllabus weight

Trade settlement, custody, ownership records, corporate actions and operational risks.

• Settlement process
• Custody and registration
• Corporate actions and controls

Student Reviews

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Recent Reviews

Feedback shared by learners across CISI Academy courses.

Matthew C.

· May 15, 2026

★

CISI Academy learner feedback

Great for fund concepts

Covers unit trusts and OEICs really well. The flashcards are perfect for memorizing different fund structures.

Emma R.

· Jul 29, 2026

★

CISI Academy learner feedback

Passed with confidence

Helped a lot to clear my doubts and gain more confidence before the actual exam day. The progress tracker kept me accountable.

Phyllis N.

· Jul 2, 2026

★

CISI Academy learner feedback

Highly professional

The material is structured beautifully and covers all 6 chapters of the workbook. Excellent for the Kenya regulations certification.

Tariq B.

· Jun 14, 2026

★

CISI Academy learner feedback

Excellent service

Really good experience, thank you!

Rania T.

· May 18, 2026

★

CISI Academy learner feedback

Better than the textbook

It is much better than reading a PDF. I loved taking quick quizzes on my phone.

Isabella L.

· Feb 15, 2026

★

CISI Academy learner feedback

Passed the IISI exam

The official textbook is very dry, but this prep made it interesting. The mock exams are like the real test.

Frequently Asked Questions

Paper 1 is assessed by 80 multiple-choice questions in 120 minutes.

The syllabus map follows Version 4, applicable to examinations from 21 December 2025 to 20 December 2027, subject to any later official CISI update.

No. The certificate requires both Economics and Markets for Wealth Management (Paper 1) and Wealth Management Practice (Paper 2).

Fixed-Income Securities carries 16 of 80 questions, Real Estate and Alternative Investments carries 13, and Equities carries 12. Every element remains examinable.

Yes. The course includes 400 practice questions across five 80-question mock exams, mapped to the eight official syllabus elements, plus chapter summaries, flashcards and an AI tutor.

Yes! Test your knowledge and review detailed explanations with the free CISI Economics and Markets for Wealth Management Mock Exam Preview below. It contains 15 exam-style questions from one named syllabus topic; the full course provides complete mock exams and syllabus coverage.

Interactive preview

Free CISI Economics and Markets for Wealth Management Practice Questions & Exam Preview

Try 15 CISI Economics and Markets for Wealth Management practice questions from Chapter 1: Wealth Management and the Financial Services Sector

Practice CISI Economics and Markets for Wealth Management exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.

Exam Preview

Chapter 1: Wealth Management and the Financial Services Sector

Question 1 of 15

In the UK, which two bodies are the main financial-services regulators?

1 / 15

Flashcards

Card 1 of 10Chapter 1

Question

What are the four core functions of the financial-services sector?

Tap to reveal answer

Focus Learn

Key Examinable Areas10

The four core functions of the financial-services sector: value exchange, intermediation, risk transfer and liquidity.
SWIFT and RTGS as payment systems; RTGS first implemented by the US Federal Reserve in the 1980s.
International agencies: BIS (60 member central banks), FSB, IMF, FATF, World Bank, WTO and development finance institutions.
IOSCO: created 1983, 38 principles, three objectives, >95% of world markets, >131 jurisdictions.
National regulators: Fed/SEC/FINRA, EBA/ESMA/EIOPA, CSRC/PBoC/CBIRC, Japan FSA, CBUAE/SCA/DFSA/FSRA, MAS, PRA/FCA.
Rules-based vs outcomes-based vs self-regulation models.
Retail/commercial banks, savings institutions, finance companies (factoring), fintech, challenger banks, P2P lending, crowdfunding, shadow banking.
Broker (agent) vs broker-dealer (principal); custodian vs depositary.
Wealth segments: mass affluent $100k+, HNW $1m+, VHNW $5m+, UHNW $30m+.
FPSB six-step financial-planning process and CISI professionalism (knowledge, skills, behaviour).

Common Pitfalls to Avoid5

Exam Traps5

Key Numbers10

Chapter 1: Wealth Management and the Financial Services Sector

This chapter establishes the purpose, participants, regulation and current shape of the financial-services and wealth-management industry. The financial-services sector sits at the heart of the economy, performing four core functions that often overlap: value exchange, intermediation, risk transfer and liquidity.

Core functions. Value exchange is the provision of payment and banking services, from cash machines and direct debits to SWIFT messaging and real-time gross settlement (RTGS) systems, which were first implemented by the US Federal Reserve in the 1980s. Intermediation takes funds from savers and lends them to households, businesses and governments; examples include deposit-taking banks, investment banks placing bond issues, brokers, wealth managers and crowdfunding or peer-to-…

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.

Study Mode

Instant feedback & explanations

See the answer and explanation after each choice.

Exam Mode

Realistic exam simulation

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

Who Is This For?

✓ Candidates pursuing the CISI Certificate in International Advanced Wealth Management

✓ Wealth managers, private bankers and investment advisers

✓ Professionals who need stronger international markets and asset-class knowledge

★★★★★ 4.7 (2435 reviews)