CISI PCIAM case studies
CISI PCIAM · Put your knowledge to work in context.
The CISI Private Client Investment Advice & Management (PCIAM) qualification is a professional credential offered by the Chartered Institute for Securities & Investment (CISI), a financial services professional body with over 54,000 members worldwide. PCIAM is designed for private client investment advisers and portfolio managers who provide advice and manage investments for individual clients. The exam covers four core domains: private client investment advice and management, investment advice, investment management, and financial planning and regulation, each weighted at 25% of the assessment. The qualification tests candidates' technical knowledge and practical application in areas such as asset allocation, portfolio construction, risk management, taxation, and regulatory compliance. The CISI PCIAM case studies are 5 cases and about 4,578 words.
1The Deferred DB Transfer at 58
Alan, 58, is married, a higher-rate taxpayer and a member of a defined benefit (DB) scheme that he left 12 years ago. The deferred pension is £18,500 a year from age 65, increases with RPI to a 2.5% cap and includes a 50% spouse's pension.
1,023 words, about 5 min2Concentrated Holding, Deposit and CGT
Priya, 54, is an additional-rate taxpayer. Her general investment account (GIA) is worth £900,000, of which £405,000 is a single FTSE 100 holding that cost £180,000; the rest is a diversified portfolio with modest gains.
944 words, about 5 min3Cognitive Impairment, an LPA and a Structured Product
Ada Okonkwo, 82, is widowed with an estate of £1.1 million held in a discretionary managed portfolio and cash. She has mild cognitive impairment recorded by her GP.
845 words, about 4 min4IHT, Business Relief and the £2m Taper
George, 71, was widowed in 2012; his wife left her entire estate to him. His estate is currently worth £2.35 million: a house worth £950,000, AIM-traded trading company shares worth £700,000 that have qualified for business relief for six years, a GIA worth £600,000 and £100,000 cash.
939 words, about 5 min5Benchmark Mismatch and Withdrawals
A client, 68 and retired, has a £1.4 million portfolio managed on a 'moderate' risk mandate. She needs £45,000 a year, drawn monthly.
827 words, about 4 min