Certification exams change, and study material that was current last year can quietly go stale. ActualCollection updates its 1234 AAFM Chartered Wealth Manager (CWM) Certification Level II Examination practice questions continuously, and your purchase includes 365 days of free updates through 2026 and beyond.
AAFM CWM_LEVEL_2 Exam Overview:
| Certification Vendor: | AAFM / GAFM (American Academy of Financial Management / Global Academy of Finance and Management) |
|---|---|
| Exam Name: | Chartered Wealth Manager (CWM) Certification Level II Examination |
| Exam Number: | CWM_LEVEL_2 |
| Real Exam Qty: | 85 |
| Related Certifications: | CWM_LEVEL_1 |
| Exam Duration: | 180 minutes |
| Exam Price: | Varies by region: approx. $250–$450 USD / INR 12,000–18,000 + tax |
| Available Languages: | English |
| Certificate Validity Period: | Certification valid for lifetime with annual CPE; Exam score valid 90 days for certification application |
| Exam Format: | Computer-based, No negative marking, 1-mark, 2-mark, 4-mark questions, Multiple Choice Questions (MCQ) |
| Passing Score: | 80/160 (50%) |
| Recommended Training: | AAFM Official Study Material Authorized Training Partners |
| Exam Registration: | AAFM India Official Registration Pearson VUE Scheduling |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored or onsite at Pearson VUE / NSE test centers |
| Pre Condition: | Compulsory Pathway: Pass CWM Level 1; Experience Pathway: Graduate + 3+ years relevant financial experience; Minimum qualification: Graduate degree for certification |
| Official Syllabus URL: | https://www.aafmindia.co.in/CWMCertification/Examination.aspx |
AAFM CWM_LEVEL_2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Tax, Trust & Wealth Planning | 20% | - International Taxation and Trust Planning - Advanced Wealth Management Planning |
| Topic 2: Financial Tools & Portfolio Strategies | 25% | - Loan & Debt Management - Portfolio Management Strategies |
| Topic 3: Client Behavior & Relationship Management | 20% | - Behavioral Finance in Wealth Management - Relationship Management by a Wealth Manager |
| Topic 4: Asset Classes & Investment Analysis | 35% | - Real Estate Valuation and Analysis - Alternative Investment Products in Wealth Management - Equity Analysis |
Common Questions About the AAFM Chartered Wealth Manager (CWM) Certification Level II Examination Exam
The AAFM Chartered Wealth Manager (CWM) Certification Level II Examination exam is the official AAFM / GAFM (American Academy of Financial Management / Global Academy of Finance and Management) test registered under exam code CWM_LEVEL_2. Passing it earns you the Chartered Wealth Manager (CWM®) certification, a credential at the Advanced / Professional level. It is also linked to the related certification: CWM_LEVEL_1. AAFM / GAFM (American Academy of Financial Management / Global Academy of Finance and Management) exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The AAFM Chartered Wealth Manager (CWM) Certification Level II Examination exam includes 85 questions to be completed within 180 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
To pass the AAFM Chartered Wealth Manager (CWM) Certification Level II Examination exam you need 80/160 (50%), and the official registration fee is Varies by region: approx. $250–$450 USD / INR 12,000–18,000 + tax. A retake is not discounted: a failed attempt means paying the full Varies by region: approx. $250–$450 USD / INR 12,000–18,000 + tax again, so treat your first sitting as the expensive one. A sensible rule is to book your seat only after you are scoring comfortably above the passing mark on the ActualCollection practice tests, not just squeaking past it once.
Compulsory Pathway: Pass CWM Level 1; Experience Pathway: Graduate + 3+ years relevant financial experience; Minimum qualification: Graduate degree for certification
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Registration for the AAFM Chartered Wealth Manager (CWM) Certification Level II Examination exam goes through the official channels below.
As for the delivery format, the exam is taken Online proctored or onsite at Pearson VUE / NSE test centers.
AAFM / GAFM (American Academy of Financial Management / Global Academy of Finance and Management) points candidates toward the following training options for AAFM Chartered Wealth Manager (CWM) Certification Level II Examination.
Course work builds the foundation; question practice makes it stick. The 1234 practice questions in the ActualCollection CWM_LEVEL_2 package let you rehearse each topic under exam-style pressure before the real thing.
Yes. ActualCollection offers a free PDF demo of the AAFM Chartered Wealth Manager (CWM) Certification Level II Examination material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the AAFM Chartered Wealth Manager (CWM) Certification Level II Examination exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
Delivery itself is instant: your files are downloadable right away and emailed to you within one minute of payment. If nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you may install the software on.
The official AAFM Chartered Wealth Manager (CWM) Certification Level II Examination syllabus is organized into 4 domains. Key areas include Tax, Trust & Wealth Planning (20%), Asset Classes & Investment Analysis (35%), and Financial Tools & Portfolio Strategies (25%). The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
AAFM Chartered Wealth Manager (CWM) Certification Level II Examination Sample Questions:
Question 1
Section B (2 Mark)
Which of the following statements is/are correct?
A. II, III and IV
B. All of the above
C. I, II and III
D. I, III and IV
Question 2
Section A (1 Mark)
In hedge funds the risk of no standard platform for measurement and no standard format for reporting is called
__________________
A. Transparent Risk
B. Process Risk
C. Data Risk
D. Mapping Risk
Question 3
Section A (1 Mark)
Under Nayak Committee Method the gross working capital is uniformly assumed to be a minimum of
________ of projected gross sales
A. 20%
B. 15%
C. 25%
D. 12%
Question 4
Section B (2 Mark)
On 1st January 2011, Mr. Dutt took a personal loan of Rs.1,00,000/- for a period of 3 years at an 21% rate of interest. The loan is to be on monthly EMI on monthly reducing balance method.
What about be interest and principal amount to be paid in October 2013?
A. Rs 1567 and 2162 respectively
B. Rs 191 and 3576 respectively
C. Rs 313 and 3450 respectively
D. Rs 372 and 3295 respectively
Question 5
Section B (2 Mark)
Dharampal has let out his house property at monthly rate of Rs. 12000. He has paid Rs.3500 as annual municipal tax. He wants to know the Net Annual value of his house at Bhuj for AY 2011-12. The Municipal value of the house is Rs. 90,000, Fair rent Rs. 1,40,000, Standard rent Rs. 1,20,000. The house was vacant for one month during the previous year 2010-11 and the rent has not changed since then.
A. Rs. 1,32,000
B. Rs. 1,36,500
C. Rs. 1,28,500
D. Rs. 1,40,500
Solutions:
| Question 1 Answer: D | Question 2 Answer: D | Question 3 Answer: C | Question 4 Answer: B | Question 5 Answer: C |






1181 Customer Reviews
