Common Body of Knowledge for Chartered Wealth Manager (CWM®)

The Common Body of Knowledge serves as the foundation of the Chartered Wealth Manager (CWM®) program, encompassing a comprehensive set of essential knowledge areas and competencies that are vital for success in the field of wealth management. Developed by industry experts and practitioners, the Common Body of Knowledge ensures that candidates are equipped with the necessary skills and expertise to navigate the complexities of modern wealth management effectively.

Key Knowledge Areas Covered in the Common Body of Knowledge:

  1. Investment Planning:

    • Understanding investment principles and strategies
    • Asset allocation and diversification
    • Portfolio management techniques
    • Evaluation of investment products and securities

  2. Risk Management:

    • Identification and assessment of financial risks
    • Risk mitigation strategies and techniques
    • Insurance planning and risk transfer mechanisms
    • Compliance with regulatory requirements related to risk management

  3. Estate Planning:

    • Estate planning fundamentals and objectives
    • Wealth transfer strategies and techniques
    • Tax-efficient estate planning structures
    • Estate administration and fiduciary responsibilities

  4. Taxation:

    • Basic principles of taxation
    • Tax planning strategies for individuals and businesses
    • Tax implications of investment decisions
    • Compliance with tax laws and regulations

  5. Retirement Planning:

    • Retirement planning process and considerations
    • Retirement savings vehicles and plans
    • Social Security and pension benefits
    • Long-term retirement income strategies

  6. Ethics and Professional Standards:

    • Ethical principles and standards of conduct in wealth management
    • Fiduciary responsibilities and duty of care to clients
    • Conflicts of interest management
    • Compliance with industry regulations and codes of ethics
Learn More About CWM® Competency Framework