Qualification Structure

This progressive award is achieved by successfully passing three 3-hour narrative units:




To see when the next sitting of the Narrative exams are please see the Narrative exam timetable.

Exemptions

Exemption will only be considered in respect of Financial Markets. To apply, download the CISI Masters in Wealth Management exemption form.

Exemption from the Financial Markets exams costs £75.

Exemption from the Financial Markets unit will be granted to ACCA holders and CFA Charterholders.

MSc degrees in relevant disciplines where there is a strong match with the content of Financial Markets unit will be considered.

Exemption from Financial Markets will be granted to holders of the IAD where candidates have passed UK Regulation and Professional Integrity, Investment Risk and Taxation, one of Securities or Derivatives and level 5 Private Client Advice.

Candidates who have passed the CISI Diploma unit of Private Client Investment Advice and Management and have completed the Core, Securities and Derivatives gap-fill for RDR purposes, will be exempt from Unit 1 (Financial Markets) of the CISIM programme, and can progress directly to Unit 2 (Portfolio Construction Theory).

No exemptions are available for either Unit 2 (Portfolio Construction Theory) or Unit 3 (Applied Wealth Management) of the new CISIM (Wealth Management).

Combining CISI Diploma and CISI Masters in Wealth Management units
Although candidates will achieve the CISIM (Wealth Management) only on completion of the designated units, they may also take ONE of these units as part of the existing CISI Diploma. However, as much of the material in the existing CISI Diploma units has been rearranged across the new programme, there is a natural overlap of study material.

As such, certain existing units may not be taken in conjunction with the CISIM (Wealth Management) to achieve the CISI Diploma. Specifically, to achieve the CISI Diploma a candidate may not take:

• Financial Markets with Interpretation of Financial Statements or Investment Analysis
• Portfolio Construction Theory with Fund Management or Private Client Investment Advice & Management
• Applied Wealth Management with Private Client Investment Advice & Management

Study Options

Training Courses
The CISI accredit a wide range of training providers to deliver formal training for our exams and you can register directly with the provider of your choice.

• Find an Accredited Training Provider (ATP) near you

Self-study
You can choose the self-study route and use the range of materials available including:

• CISI learning manuals and elearning products
• A range of past papers, examiner reports and info packs are available for:
  • Financial Markets
  • Portfolio Construction Theory in Wealth Management
  • Applied Wealth Management

From 1 April 2013, for UK candidates only, when you book for an examination, either individually or through one of our Accredited Training Providers, you will also receive the most up-to-date CISI workbook for that subject (unless you have already purchased the workbook). We have made this change to ensure that candidates preparing for our exams always have the same definitive study materials for that exam.

Entry Criteria

There are entry requirements for the CISI Masters in Wealth Management. Please note, these eligibility rules apply to candidates booking their first unit of the CISI Masters for the December 2013 or sittings after that. It does not apply to candidates booking for June 2013 or to any candidate who has booked any unit of the CISI Masters for a sitting prior to December 2013.

A number of qualifications are acceptable for entry to the CISI Masters, including the following:

1. IAD or any other RDR compliant qualification, including a qualification that is RDR compliant with gap fill (even if the gap fill is not actually carried out)
2. Any Level 3 benchmark qualification (ie one including a regulatory paper and a specialist technical element)
3. IMC Level 4 (without the need for CFA1)
4. UK full accountancy and actuarial qualifications*
5. MBAs/MScs in financial disciplines which have a strong investment related element that the CISI deems relevant
6. CFA
7. CEFA
8. Overseas qualifications where these are recognised by the FCA, eg FINRA, SAAJ, JSDA
9. EFPA (European Financial Planning Association)
10. Overseas qualifications where the applicant can demonstrate that the number of study hours, the form of assessment and the content are appropriate to prepare them for study at Masters level
11. Any financial services related qualification (not unit) at Levels 5-7 (eg the CISI Diploma)

We will not take into account experience, as the impact of this on the ability to undertake a high level professional qualification cannot be known.

*excluding AAT

Register and Book

Register with the CISI
New candidates intending to take CISI qualifications need to first register with the CISI. Upon registering, you will receive a candidate number, password and access to the CISI's online systems.


Book your exams
Candidates can book:

• Online for Financial Markets | Portfolio Construction Theory in Wealth Management | Applied Wealth Management
• Or by contacting us

Register for your qualification
After booking your exams you need to register for your qualification. Please be sure you have read and understood the exam regulations and policies.

The latest prices for exams are listed on the online price list.

Post Qualification Opportunities

Membership
Obtaining the CISI Masters in Wealth Management qualification entitles candidates to join the Institute at MCSI  Membership level. As a member of the Institute, you will enjoy the recognition of being a professional in a world of increasing competition. The extensive continuing professional development (CPD) opportunities available through the CISI’s suite of membership benefits ensures financial services practitioners can maintain competence and meet the requirements of firms and the regulator.