Twenty one questions, tied for the largest share, and twenty four learning objectives, more than any other chapter. Several objectives are phrased as apply and analyse rather than know, which is the highest demand in the syllabus.
Client categorisation, the meaning of the client best interest rule and what it requires of an adviser, the factors to consider when giving advice including Know Your Client and suitability, the nature of the relationship, confidentiality and monitoring, service types from advisory through discretionary to execution only, how wealth management is paid for, and conflicts of interest.
The stages of investment planning, how ethical preferences, liquidity, time horizon and tax status shape strategy, the merits and limits of questionnaires and interviews, and gathering information about income, expenditure, debt and savings to agree prioritised objectives.
Business taxes, direct and indirect taxes on individuals, the principles of withholding tax, double taxation relief, and the implications of domicile, residency and asset location.
Assessing risk tolerance, capacity for loss and investment experience, analysing a risk profile against a list of objective and subjective factors, investing in accordance with Sharia law and other faith values and for charities and trusts, and assessing affordability and suitability.
Applying a strategy that meets the objectives, presenting recommendations and checking understanding, choosing a benchmark, and reviewing when circumstances change.
A short revision checklist built from the official syllabus and from the explanations in our own question bank. Use it to check yourself after studying the chapter. It does not replace the official workbook, and it is not a prediction of what any exam will contain. Unfamiliar term? See the glossary.
The published examination specification allocates 21 of the 100 questions to this element. CISI notes the count may vary slightly between papers, so treat 21 as the weighting rather than a guarantee. Our bank holds 252 questions across the 24 learning objectives in this chapter, weighted to that same specification.
These are not predictions about any exam. They are places where the syllabus itself draws a line between two things that sound similar, which is where precise reading pays.
Tolerance is how much risk a client is willing to take. Capacity is how much they can afford to lose without damaging their plan. They are separate objectives in the syllabus and a client can easily be high on one and low on the other.
The difference is who makes the decision and who carries the duty. Questions describe the arrangement and ask you to name it.
The objective asks for the definition and the implications for an adviser.
They are different concepts with different consequences, and the syllabus names both alongside the location of assets.
The syllabus explicitly asks you to distinguish and prioritise. A question listing several client goals is often testing that judgement.
Two separate objectives. Know what is deducted at source and how relief works through an agreement.
Chapter 7 contains no calculation objectives. The syllabus phrases its objectives as know and understand, so the marks come from precision about definitions rather than arithmetic. The calculating lives mainly in Chapter 5.
Twenty four objectives and several of them phrased as apply and analyse, so this chapter punishes recognition memory. Filter to Chapter 7 and use the confidence setting honestly: a confident wrong answer on suitability is worth knowing about, and it looks nothing like a lucky guess in your readiness score.
No card. The answer is only revealed once you have committed to one.
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