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AAFM CWM_LEVEL_1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Tax Laws for Wealth Management | 10% | - Tax planning strategies - Income tax and capital gains - Tax efficiency in investments |
| Topic 2: Indian and Global Financial System | 12% | - Regulatory framework - Financial markets and institutions - Global financial environment |
| Topic 3: Concept of Wealth Management | 10% | - Wealth management process and lifecycle - Time value of money - Client profiling and financial goal setting |
| Topic 4: Role of Wealth Management in Banking | 8% | - Banking products for wealth creation - Private banking services - Client relationship management |
| Topic 5: Concept of Insurance and Risk Management | 10% | - General insurance - Risk assessment and mitigation - Life and health insurance |
| Topic 6: Retirement Planning | 7% | - Annuities and pension plans - Retirement savings vehicles - Retirement needs analysis |
| Topic 7: Intergenerational Wealth Transfer & Estate Planning | 8% | - Estate planning fundamentals - Wealth preservation strategies - Will and trust structures |
| Topic 8: Legalities in Wealth Management | 8% | - Compliance and regulations - Legal structure of investments - Contract and property laws |
| Topic 9: Investment Vehicles in Wealth Management | 15% | - Equity, debt, mutual funds - Alternative investments - Real estate and structured products |
| Topic 10: Measuring Investment Risk and Returns | 12% | - Return calculation and benchmarks - Risk types and measurement - Portfolio theory basics |

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