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GLO_CWM_LVL_1 Exam Questions & Answers

Chartered Wealth Manager (CWM) Global Examination  •  AAFM

1057 Questions Updated Sep 2026 99% Pass Rate
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Sample GLO_CWM_LVL_1 Questions

Practice with real exam-style questions, each with the verified correct answer and explanation.

Q1 MultipleChoice

If a testator makes a will 'to induce another person to make him comply with his (testators) wish' but does not have any testamentary operation or intention, then this will is called as

Correct Answer: B
Q2 MultipleChoice

Short-term capital gain arising for the transfer of equity shares and units of equity oriented fund shall be taxable

Correct Answer: B
Q3 MultipleChoice

Mr. Shyam has a portfolio consisting of two stocks A & B. Stock A has a standard deviation of 5 % while stock B has a standard deviation of 15%. Stock A comprises 40% of the portfolio and Stock B consists of 60%. If the correlation of returns of A& B is .5, the variance of return on the portfolio is _________.

Correct Answer: D
Q4 MultipleChoice

Which of the following is not true in respect of the conditions essential for taxing income under the head income from House Property?

Correct Answer: D
Q5 MultipleChoice

Joint account of two or more NRIs are permitted in case of:

Correct Answer: D

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Frequently Asked Questions

The GLO_CWM_LVL_1 is the first level of the Chartered Wealth Manager (CWM) Global Examination offered by the American Academy of Financial Management (AAFM). This certification is designed to validate foundational knowledge and competencies in wealth management, financial planning, and investment management for professionals entering or working in the wealth management industry.

The exam covers essential wealth management topics including financial planning fundamentals, investment management basics, estate planning principles, tax planning strategies, and client relationship management. It also includes content on regulatory compliance, ethical standards, and risk management within the context of wealth management services.

The GLO_CWM_LVL_1 exam typically consists of multiple-choice questions, though specific question counts and time allocations may vary. Candidates should verify the current exam specifications with AAFM directly, as exam formats can be updated periodically.

While AAFM may not have strict educational prerequisites for Level 1, candidates are typically expected to have a basic understanding of finance and wealth management concepts. Some professional experience in financial services or a related field is generally recommended to maximize exam preparation success.

Candidates should utilize AAFM's official study materials, textbooks, and practice exams to prepare for the certification. Many professionals also benefit from enrolling in preparatory courses, joining study groups, and reviewing case studies relevant to wealth management practices to reinforce their knowledge before the exam.
Exam Details
  • Exam CodeGLO_CWM_LVL_1
  • VendorAAFM
  • Total Questions1057
  • LanguageEnglish
  • Last UpdatedSep 3, 2026
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