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The SIIM (Wealth Management) Programme

The SII’s programme in Wealth Management is the first career pathway to be launched as part of the SII Masters Programme (SIIM). Developed in conjunction with leading industry practitioners and APCIMS members, the new programme is the SII’s flagship qualification and lies at the very heart of the Institute’s activities – Private Client Wealth Management.

The SIIM (Wealth Management) represents the natural evolution of the existing SII Diploma for Wealth Managers, Private Client Managers and IFAs, and has allowed the SII to blend together aspects from existing Diploma modules into a package that offers Wealth Management firms and practitioners a dedicated professional qualification.

The programme comprises three 3-hour narrative modules:

1. Financial Markets - the environment in which wealth management operates
2. Portfolio Construction Theory - the theory of portfolio construction; taxation and trusts
3. Applied Wealth Management - practical portfolio construction and management

The main change between the current SII Diploma 'any three from eight' model and the new career path, is that candidates now follow a structured and progressive programme which culminates in a final module focusing on the construction of portfolios to meet a range of clients’ aims and needs (Applied Wealth Management).

The first examinations were held in June 2008. BPP Learning Media has already published workbooks for all 3 units and are also offering a training course for the SIIM, details available from BPP Professional Education.

Syllabuses

Unit 1: Financial Markets syllabus
Unit 2: Portfolio Construction Theory syllabus
Unit 3: Applied Wealth Management syllabus

Sample Questions

Applied Wealth Management sample questions
Applied Wealth Management answers

SIIM Financial Markets sample questions
SIIM Financial Markets answers

SIIM Financial Markets questions - October 2008
SIIM Financial Markets answers - October 2008

Portfolio Construction Theory sample questions
Portfolio Construction Theory answers

Question Papers

Summer 2009
Financial Markets June 2009
Portfolio Construction Theory June 2009
Applied Wealth Management June 2009
Applied Wealth Management Info Pack June 2009

Summer 2008
Financial Markets June 2008
Portfolio Construction Theory June 2008 Information Pack

Winter 2008
Financial Markets December 2008
Portfolio Construction Theory December 2008
Applied Wealth Management December 2008 Information pack

Exam Reports

Summer 2009
Financial Markets Theory June 2009
Portfolio Construction Theory June 2009
Applied Wealth Management June 2009


Summer 2008
Portfolio Construction Theory June 2008
Financial Markets June 2008

Winter 2008
Financial Markets December 2008
Portfolio Construction Theory December 2008
Applied Wealth Management December 2008

Recognition of existing Diploma modules

Although candidates will achieve the SIIM (Wealth Management) only on completion of the above units, candidates will also be able to take ONE of the new units as part of the existing SII Diploma. However, as much of the material in existing SII Diploma modules (such as PCIAM) has been rearranged across the new programme, there is a natural overlap of study material. As such, certain existing modules cannot be taken in conjunction with the SIIM (Wealth Management) to achieve the SII Diploma. Specifically, a candidate:


• Cannot take Financial Markets with Interpretation of Financial Statements or Investment Analysis to achieve the SII Diploma
• Cannot take Portfolio Construction Theory with Fund Management or Private Client Investment Advice & Management to achieve the SII Diploma
• Cannot take Applied Wealth Management with Private Client Investment Advice & Management to achieve the SII Diploma.


Candidates who have previously passed the SII Diploma modules of Investment Analysis or Interpretation of Financial Statements will be exempt from Unit 1 (Financial Markets) of the new 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 SIIM (Wealth Management).


SIIM exams are currently not tested by CBT but as written examinations. The closing dates for exam registrations for 2009/10 can be found here

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SIIM (Wealth Management).



The existing combinations that can be taken with the new SIIM (Wealth Management) modules to achieve the SII Diploma are represented in the table below:

New SIIM (Wealth Mgt) Unit:	Financial Markets	Portfolio Construction Theory	Applied Wealth Management
Can be taken with SII Diploma modules:	Bond & Fixed Interest Markets	Bond & Fixed Interest Markets	Bond & Fixed Interest Markets
	Corporate Finance	Corporate Finance	Corporate Finance
	Financial Derivatives	Financial Derivatives	Financial Derivatives
	Fund Management	Global Operations Management	Fund Management
	Global Operations Management	Interpretation of Financial Statements	Global Operations Management
	Private Client Investment Advice & Management	Investment Analysis	Interpretation of Financial Statements
	Regulation and Compliance	Regulation and Compliance	Investment Analysis
			Regulation and Compliance