Introduction

This Certification Examination is specifically designed to ensure that capital market participants at brokerage houses, asset management companies/Pension fund management companies and/or those financial advisor/planner working independently have sufficient understanding of the basic of financial planning, investment management, insurance planning, retirement Planning and income tax.

Objective of the Examination

This Certification Examination is specifically designed to ensure that capital market participants at brokerage houses, asset management companies/Pension fund management companies and/or those financial advisor/planner working independently have sufficient understanding of the basic of financial planning, investment management, insurance planning, retirement Planning and income tax. This certification will cover the areas related to Concept of Financial Planning, Retirement Planning, Insurance Planning, Income Tax Issues and also investment vehicles in Pakistan.

Target Audience

ICM Financial Advisors Certification Programme is mandated for all financial advisors at various intermediaries in the capital market of Pakistan, advising for buying and selling of various assets, securities and plans.

Syllabus Structure

    The unit is divided into elements. These are broken down into a series of learning objectives. Each learning objective begins with one of the following prefixes: know, understand, be able to calculate and also be able to apply. These words indicate the different levels of skill to be tested. Learning objectives prefixed:

    • Know: require the candidate to recall information such as facts, rules and principles
    • Understand: require the candidate to demonstrate comprehension of an issue, fact, rule or principle
    • Be able to calculate: require the candidate to be able to use formulae to perform calculations
    • Be able to apply: require the candidate to be able to apply their knowledge to a given set of circumstances in order to present a clear and detailed explanation of a situation, rule or principle

    Examination Specification

    Each examination paper is constructed from a specification that determines the weightings that will be given to each element. The specification is given below.

    It is important to note that the numbers quoted may vary slightly from examination to examination as there is some flexibility to ensure that each examination has a consistent level of difficulty. However, the number of questions tested in each element will not change by more than plus or minus 2. This comprises of 100 multiple choice questions.

    Examination Specification
    100 Multiple Choice Questions

    Element No.Elements
    1Concept of Financial Planning
    2Measuring Investment Returns
    3Investment Strategies
    4Insurance Planning
    5Retirement Planning
    6Income Tax
    7Investment Vehicles available in Pakistan

    Assessment Structure

    • This will be a two-hour examination of 100 Multiple Choice Questions (MCQs).
    • All questions will carry equal marks.
    • There will be no negative marking.

    Summary Syllabus

    To download the summary syllabus of ICM Financial Advisors Certification Programme, please click here.