EXAM POLICIES AND PROCEDURES OF AMERICAN ACADEMY OF FINANCIAL MANAGEMENT INDIA PRIVATE LIMITED (AAFM INDIA) CHARTERED WEALTH MANAGER® (CWM® )
OVERVIEW
CWM® Examination through the NSE Portal
Exam Name | Units Tested | Centres | Exam Date | Exam Language | Duration | Exam Fees | Enrolment Through | Compulsory Pathway |
---|---|---|---|---|---|---|---|---|
CWM Level-1 | 1-10 Units |
NSE Academy Centres | Throughout the Year(365 Days) | English | 180 Minutes |
Rs. 7080/- |
Enrolment and Scheduling through NSE Academy | Yes |
CWM Level-2 | 11-20/ & 20% from unit 1-10 |
NSE Academy Centres | NSE- Throughout the Year(365 Days) | English | 180 Minutes |
NSE- Rs. 9440/- | Enrolment and Scheduling through NSE Academy | Yes |
CWM® Examination through the Pearson Vue
Exam Name | Units Tested | Centres | Exam Date | Exam Language | Duration | Exam Fees | Enrolment Through | Compulsory Pathway | Experience Pathway |
---|---|---|---|---|---|---|---|---|---|
CWM Level-1 | 1-10 Units |
Pearson Vue Centres Globally | Throughout the Year(365 Days) | English | 180 Minutes |
Rs. 7080/- |
Enrolment and Scheduling through Pearson Vue | Yes | |
CWM Level-2 | 11-20/ & 20% from unit 1-10 (Level-1) |
Pearson Vue Centres Globally | Throughout the Year(365 Days) | English | 180 Minutes |
Rs. 9440/- |
Enrolment and Scheduling through Pearson Vue | Yes | Yes |
Grading of Exam:
Passing percentage for CWM® Examination is 50%.
Each candidate would be graded as per the score achieved in the examination:
PERCENTAGE | GRADE |
---|---|
More than 76% | A |
65% to 75% | B |
50% to 64% | C |
0% to 49% | D |
Exam Scheduling Process:
Exam Pattern:
Exam Pattern CWM® Level I (Foundation Level)
The table sums up the section wise marks distribution CWM Level I Examination
Sections | Section A | Section B | Section C | Passing Criteria | ||||
---|---|---|---|---|---|---|---|---|
Marks | No. of Questions | Total Marks |
No. of Questions | Total Marks |
No. of Questions | Total Marks |
50 % i.e. A score of 80 in the examination (there is no negative marking) | |
1 | 40 | 40 | 0 | 0 | 0 | 0 | ||
2 | 0 | 0 | 30 | 60 | 0 | 0 | ||
4 | 0 | 0 | 0 | 0 | 15 | 60 | ||
Total | 40 | 40 | 30 | 60 | 15 | 60 | ||
CWM Level 1 Examination | Total Question | 85 | Total Marks | 160 |
Testing Significance of each Unit in CWM® Level I (Foundation Level)
Level 1 Exam consists of 85 Questions of 40Mcqs of 1 Mark; 30Mcqs of 2 Marks and 15Mcqs of 4 marks each and the total marks are 160.
Unit No. | Unit Name | 1 Marks | 2 Marks | 4 Marks | Total Question | Total Marks |
---|---|---|---|---|---|---|
1 | Concept of Wealth Management | 4 | 2 | 1 | 7 | 12 |
2 | Indian and Global Financial System | 3 | 3 | 1 | 7 | 13 |
3 | Investment Vehicles In Wealth Management | 5 | 4 | 2 | 11 | 21 |
4 | Measuring Investment Risk And Returns | 3 | 3 | 1 | 7 | 13 |
5 | Concept Of Insurance And Risk Management | 3 | 3 | 2 | 8 | 17 |
6 | Role of Wealth Management in Banking | 2 | 2 | 1 | 5 | 10 |
7 | Legalities in Wealth Management | 2 | 2 | 1 | 5 | 10 |
8 | Tax Laws For Wealth Management | 8 | 4 | 3 | 15 | 28 |
9 | Life Cycle Management | 4 | 3 | 2 | 9 | 18 |
10 | Intergenerational Wealth Transfer & Tax Planning | 6 | 4 | 1 | 7 | 18 |
Total | 40 | 30 | 15 | 85 | 160 |
Exam Pattern CWM® Level II (Advanced Level)
The table sums up the section wise marks distribution CWM® Level II Examination
Sections | Section A | Section B | Section C | Passing Criteria | ||||
---|---|---|---|---|---|---|---|---|
Marks | No. of Questions | Total Marks | No. of Questions | Total Marks | No. of Questions | Total Marks | 50 % i.e. A score of 80 in the examination (there is no negative marking) | |
1 | 40 | 40 | 0 | 0 | 0 | 0 | ||
2 | 0 | 0 | 30 | 60 | 0 | 0 | ||
4 | 0 | 0 | 0 | 0 | 15 | 60 | ||
Total | 40 | 40 | 30 | 60 | 15 | 60 | ||
CWM Level 2 Examination | Total Question | 85 | Total Marks | 160 |
Note :The CWM Level 2 Final Exam consist of 20% of MCQs from the Level 1
Testing Significance of each Unit in CWM® Level II (Advanced Level)
Level 2 Exam consists of 85 Questions of 40Mcqs of 1 Mark; 30Mcqs of 2 Marks and 15Mcqs of 4 marks each and the total marks are 160.
Unit No. | Unit Name | 1 Marks | 2 Marks | 4 Marks | Total Question | Total Marks |
---|---|---|---|---|---|---|
1 | Equity Analysis | 3 | 2 | 3 | 8 | 19 |
2 | Alternative Investment Products In Wealth Management | 4 | 3 | 2 | 9 | 18 |
3 | Real Estate Valuation and Analysis | 3 | 2 | 0 | 5 | 7 |
4 | Behavioural Finance In Wealth Management | 4 | 2 | 1 | 7 | 12 |
5 | Relationship Management by a Wealth Manager | 3 | 5 | 0 | 8 | 13 |
6 | Loan & Debt Management | 4 | 1 | 0 | 5 | 6 |
7 | Portfolio Management Strategies | 3 | 3 | 1 | 7 | 13 |
8 | International Tax and Trust Planning | 2 | 4 | 1 | 7 | 14 |
9 | Wealth Management Planning | 4 | 2 | 0 | 6 | 8 |
10 | Advanced Wealth Management | 0 | 0 | 5 | 5 | 20 |
Level I | Level 1 (Unit 1 to 10) | 10 | 6 | 2 | 18 | 30 |
Total | 40 | 30 | 15 | 85 | 160 |
20% weightage in Level II exam is given to Level I
The marks signify the difficulty level and time consumption in solving the question.
The Advanced Wealth Management questions would be in form of case study in built in the examination.
Permitted Accessories
Students are only permitted to use “CASIO FC 200 V” Financial Calculator in the examination. No exchange of accessories will be permitted during the examination.
Examination Results
There will be no score card at the end of the Exam. There will be WBSR (Web-based Score Report) added to the exam which candidates can see when they will log in to their Student Account. Now the exam has been moved to a browser platform, so it is recommended to have the WBSR. So, candidate will have their score card in their Student Login Details.
Retake Policy:
Candidates will be allowed to book retake after 15 days, regardless of whether the candidate failed or passed the previous attempt.
Examination Policies:
Standard Primary IDs (with both Photo and Signature).
Standard secondary IDs (with Signature).
Names on ID’s must exactly match those given by the candidate during registration. Discrepancies on ID’s that are due to typographical errors, traditional & cultural variations, and technical limitations must be reported by candidates to AAFM who will need to inform Pearson VUE as soon as possible.
Candidates are required to carry original id .Copy of ID is not acceptable proof.
Candidates will also be required to produce the appointment confirmation letters received from Pearson VUE after scheduling their test.
1. Late Arrivals and No-shows.
The standard arrival policy of 30 minutes was agreed where-by the candidates must arrive 30 minutes before the exam to their test center. Late arrival period of upto 30 minutes is allowed. If the candidate does not arrive within this period, and the test center is unable to accommodate him or her later, the candidate will be turned away and marked as a No-show.
2. Erasable note board/booklet.
Candidates will receive one erasable note board & a pen to use for rough work during the exam.
3. Exhibits, personal items, Calculators.
4. Break policies
AAFM exams will not have any scheduled breaks.
Candidates can access personal belongings during unscheduled breaks limited to essentials such as medicines but no access to texts or printed materials should be allowed.
Decisions of AAFM India in all matters pertaining to the examination shall be final and binding.
The CWM® Examination is held across India across 75 Cities and Globally across 200 Cities spread over 27 Countries.
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