★ 20 units · two levels · India + global

The CWM® curriculum, unit by unit

The CWM® curriculum spans 20 units across two levels — Level I (Foundation) covers wealth-management process, investments, risk, insurance, banking, tax and life-cycle planning; Level II (Advanced) covers equity, alternatives, behavioural finance, portfolio strategy, international tax and a capstone wealth plan.

What you'll learn

Two levels, built around real wealth-management practice

Level I builds the core of wealth management — process, financial systems, investment vehicles, risk, insurance, banking, legalities, tax and life-cycle planning. Level II goes deep into equity analysis, alternatives, real estate, behavioural finance, relationship management, portfolio strategy and international tax & trust planning, finishing with a capstone wealth plan.

2 Levels
Foundation + Advanced
20 Units
10 per level
Capstone
Live wealth plan
85 Q
per-level exam
No −ve
marking
151+
Countries
Level I · Foundation

The ten foundation units

Build your core competence across the wealth-management lifecycle.

L1.1  Concept of Wealth Management

The wealth-management and client-interaction process, time value of money, personal financial statements and cash-flow management, plus industry dynamics.

L1.2  Indian & Global Financial System

Fundamentals of the Indian and global financial system, markets, institutions and economic systems — reading conditions to anticipate portfolio change.

L1.3  Investment Vehicles in Wealth Management

Return concepts, performance assessment across asset classes (equity, mutual funds) and optimal allocation by client risk profile.

L1.4  Measuring Investment Risk & Returns

Risk analysis and insurance / protection decisions across mortality, health, disability, property and liability exposures.

L1.5  Concept of Insurance & Risk Management

Investment products, structures, returns measurement, liquidity, tradability and legal considerations for wealth building.

L1.6  Role of Wealth Management in Banking

An in-depth understanding of the banking industry, its processes and its products in the Indian market.

L1.7  Legalities in Wealth Management

Statutes and regulations affecting businesses, families and individuals relevant to wealth management.

L1.8  Tax Laws for Wealth Management

Tax structure, computation across income heads and tax-planning techniques for India.

L1.9  Life-Cycle Management

Life-cycle management including retirement planning, wealth creation and reviewing retirement strategies.

L1.10  Intergenerational Wealth Transfer & Tax Planning

Estate planning, trust planning and taxation implications for wealth transfer and preservation.

Level II · Advanced

The ten advanced units

Master complex, UHNI-grade strategy and a real-world wealth plan.

L2.1  Equity Analysis

Analyse equity and related products comprehensively for integration into client portfolios.

L2.2  Alternative Products in Wealth Management

The role of alternative assets in client portfolios and their feasibility in the Indian market.

L2.3  Real Estate Valuation & Analysis

Concepts, tools and techniques to evaluate real-estate assets via direct and indirect mechanisms.

L2.4  Behavioural Finance in Wealth Management

Psychological factors in client decisions, with case studies on biases and mitigation strategies.

L2.5  Relationship Management by a Wealth Manager

Customer relationship management (CRM) techniques to acquire, retain and serve clients effectively.

L2.6  Loan & Debt Management

Loan fundamentals, borrower types, credit processes per Indian regulation and debt consolidation in the portfolio.

L2.7  Portfolio Management Strategies

Foundations of portfolio management, risk / return applications and drafting the Investment Policy Statement.

L2.8  International Tax & Trust Planning

Tax structures in key zones (US, UK, Singapore, Mauritius), treaties for Indian clients and NRI taxation.

L2.9  Wealth-Tech & Practice Management

Profitability drivers — clients, products, distribution, organisation — and the Indian wealth landscape.

L2.10  Advanced Wealth Management

A capstone wealth plan built with live case-lets and practical tools provided by AAFM India.

How it's assessed: each level is examined as 85 questions · 160 marks · 180 minutes · 50% to pass · no negative marking. See the examination page for the full pattern, grading and fees.
How you'll learn

A learning experience built around a working professional

Live weekend classes

Instructor-led sessions with real-time doubt resolution — no weekday clashes.

Premium recordings

Every session recorded for revision — learn and re-watch anytime.

Mock tests & question bank

Practise the real exam pattern until you're confident.

Live case studies & tools

Real client scenarios and AAFM portfolio-review tools — practical, not theoretical.

Your next promotion might start with three letters: CWM®

Give a course advisor 15 minutes and walk away with a clear plan, fee options and your next batch date — no pressure, no jargon.

Questions

Curriculum — frequently asked

Twenty units in total — ten in Level I (Foundation) and ten in Level II (Advanced).

It blends international best practice with India-specific modules on the Indian financial system, banking, tax laws, regulation and NRI / cross-border tax and trust planning.

Yes — Level II concludes with an Advanced Wealth Management capstone built around a comprehensive wealth plan and live case-lets, alongside the project-work component.

Through the two-level CWM® examination — see the examination page for the full pattern, marks and passing criteria.

AAFM India maintains an exhaustive, regularly updated curriculum aligned to current markets and regulation. Request the brochure for the latest detailed syllabus.

Get started

Start your CWM® journey today

Request a call back and our counsellors will share the full syllabus, fees, batch options and the next start date — and help you choose the right plan.

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