Wealth Management - Advance

The Wealth Management Certification (Advance Level) has been accredited by the National Institute of Securities Markets (NiSM) under Regulation 7(2) of the SEBI (Investment Advisers) Regulations, 2013.

This certification is designed to develop and nurture a cadre of qualified private wealth managers and advisors.The objective of the program is to focus on professional portfolio construction for clients, based on a top down approach of asset allocation. Technical knowledge of macroeconomic cycles, market dynamics, risk-return trade off and asset allocation is critical for private wealth managers. They are required to build wealth for investors through a robust process that links financial assets and financial goals.

Wealth Management - Advance is an intensive program running over 45 days that has the power to qualitatively alter financial advice and its practice, by bringing in a robust knowledge framework for the profession. CIEL's wealth management certifications have been offered since 2007 to professionals employed in investment advice, relationship management, wealth advice and private banking roles.

Leading banks, broking houses and mutual funds have made this program mandatory for identified employees.

Target Audience

  • Those working as or aspiring to be wealth managers and private bankers.
  • Those practicing as financial planners/ investment advisers.
  • Those working in sales teams of broking houses, asset management companies or banks.


  • Workbook covering the complete curriculum in detail
  • Case study quizes
  • Classroom training sessions (Optional)
  • Final supervised online examination at an NSE IT centres
  • Candidates who fulfil all the learning requirements for the course, and clear the final examination will be issued the Wealth Management - Advance Certificate

Eligibility Criteria


Before registering, candidates will have to ensure that they satisfy either of the following requirements:

  • Have a post-graduate qualification/recognized professional qualification and at least three years of relevant experience (Experience Pathway) or
  • Complete CIEL's Wealth Management Basic certification (Regular Pathway)


Online course fee — Rs 12,500/- plus applicable taxes.

Exam fees — Rs 2,500/- plus applicable taxes.

Exam re-attempt fee — Rs 1,000/- plus applicable taxes.

Wealth Management Advance Certification Examination Schedule

The Certification Examinations will be held at NSEIT test centres across locations on the dates mentioned here.

March 2020 15th March 2020 9.30 am to 11.30 am
June 2020 14th June 2020 9.30 am to 11.30 am
September 2020 13th Sep 2020 9.30 am to 11.30 am
December 2020 13th Dec 2020 (Subject to change) 9.30 am to 11.30 am

Key Facts

The registration for Wealth Management - Advance is valid for 2 years from the date of activation.

The Wealth Management - Advance program has a 2-hour exam. The exam is in 2 parts, comprising of objective-type questions and caselet-based questions. The exam is for 100 marks and duration is 2 hrs. There is no negative marking.

The pass mark is 60%. Wealth Management - Advance exams are held on a quarterly basis on pre-decided dates as published here,  at NSE-IT Test centres across 200 locations.

Candidates automatically become a member* of the Ciel Learning Foundation, with effect from the date of issue of their Wealth Management – Advance Certificate. The membership is valid for 1 year from the date of issue of your certificate. Members of the Foundation have to adhere to a code of conduct, appended herewith. Certificants will have to pay a membership fee of Rs 1000/- inclusive of taxes annually. The membership fees are waived off for the first year, after the certificant clears the WM-Advance exam.

Wealth Managers of our clients Religare Pvt Wealth, Anand Rathi Financial Services Limited, Axis Bank Ltd, HDFC Bank Ltd, IIFL Private Wealth Management are now certified.

Course Contents

  • Understanding Return
  • Understanding Risk
  • Portfolio Return
  • Asset Allocation and Diversification

Equity Markets and Products

  • Equity Concepts and Markets
  • Equity Analysis and Valuation Principles

Performance Evaluation of Equity Funds

  • Absolute v/s Real Return
  • Measuring Risk and Returns
  • Risk-adjusted Return
  • Fund Selection Process

Debt Markets and Products

  • Primer on Time Value of Money
  • Fixed Income Analytics
  • Short Term Debt Markets and Funds
  • Long Term Debt Markets and Funds

Macro Economic Indicators and Policy in India

  • Macro Economic Indicators
  • Monetary and Fiscal Policy

Derivative Markets and Products

  • Derivative Markets and Products
  • Structured Products

Financial Planning Process

  • Essentials of Financial Planning
  • Model Portfolios and Asset Allocation

Alternate Assets

  • Commodities
  • Futures
  • Gold
  • PE Investments
  • Real Estate

Regulatory Environment for Wealth Management

  • Tax Laws and Relevant Provisions for Wealth Management
  • Legal Elements of Estate Planning
  • Regulatory Framework for Mutual Funds

Operational Process

Candidates opting for the experience pathway will have to submit proof of experience from their employer and attested copies of certificates supporting completion of the post-graduation
degree/recognized professional qualification. Candidates will enroll into the program online, pay the fees, upload the relevant documents. The onus of ensuring fulfilment of the requirements (at the time
of registration) is with the candidate. Candidates will be allowed to enroll for the CIEL's Wealth Management - Advance certification exam only after we have validated the fulfilment of these requirements.

Candidates opting for the Regular Pathway can enroll into Wealth Management - Advance only if they have completed the Wealth Management -Basic certification. We will validate from our records whether you hold a valid Wealth Management - Basic certificate and only then allow your registration into the Wealth Management - Advance certification.

Course Enrolment:
On successful registration, the candidate will get enrolled into the certification program and will get access to the online course within a day.
The workbook will be couriered to your registered address within 7 days.

Exam Enrolment:
Candidates will be allowed to register for the exam after 15 days from registration. The registration is valid for 2 years from the date of registration. So candidates can enroll into the exam anytime within this validity.

On successful completion of the Wealth Management - Advance exam, a certificate (CIEL will be the certifying authority) will be issued to the candidate with a validity of one year. Certificate will be issued subject to completion of the pre-requisites specified above. The validity of the certificate is 1 year. Candidates will complete the continuing professional education or CPE requirements to keep their
certificate valid. Candidates will have to obtain 8 credits – i.e. complete 8 hours of online learning or attend 8-hours of classroom in a year to renew their certificate.


Wealth Management Certification Renewal

Your Wealth Management Certification (Advance Level) has to be renewed each year. To renew you have to complete the Continuing Professional Education (CPE) requirements with 8 credits for this year. The Wealth Management Certification (Advance Level) has been accredited by the National Institute of Securities Markets (NiSM) under Regulation 7(2) of the SEBI (Investment Advisers) Regulations, 2013. As per Regulation 7(2) of the SEBI (Investment Advisers) Regulations, 2013, only those with a valid certificate are considered to have complied with the certification requirements.

You can claim 8 credits for your CPE requirements in two ways:

  1. Recertification mode: Take a recertification assessment of 50 marks.Please click here to register for recertification assessment.
  2. Knowledge enhancement mode: Subscribe and complete one online course from CIEL's online course library for WM Advance CPE credits. To view and subscribe to the online course library for WM Advance CPE credits please click here.

Instructions for Recertification mode:

  1. Passing cut-off for recertification assessment is 50%.
  2. Certificate will be renewed for a period of one year from the date of expiry of the existing certificate, only once the candidate passes the examination.
  3. If the candidate is unable to pass the examination, he may take a re-attempt of the examination by completing the same procedure. Alternatively, he/she can choose to opt for the Knowledge enhancement mode.

Instructions for Knowledge enhancement mode:

  1. The candidate must subscribe and complete all modules and quizzes of the chosen course to be eligible for renewal of certificate within a period of one month of subscribing to the course.
  2. If one course was chosen in a particular year for CPE, the candidate cannot choose the same course for the next year for CPE.

Contact us to know more

Click Here to register for the online Wealth Management - Advance certification.