Your cart is empty.
This website uses cookies to personalize content and analyse traffic in order to offer you a better experience. Cookie policy
EXAM POLICIES AND PROCEDURES OF AMERICAN ACADEMY OF FINANCIAL MANAGEMENT INDIA PRIVATE LIMITED (AAFM INDIA) CHARTERED WEALTH MANAGER® (CWM® )
OVERVIEW
CWM® Examination through the NSE Portal
CWM® Examination through the Pearson Vue
Grading of Exam:
Passing percentage for CWM® Examination is 50%.
Each candidate would be graded as per the score achieved in the examination:
Exam Scheduling Process:
Exam Pattern:
Exam Pattern CWM® Level I (Foundation Level)
The table sums up the section wise marks distribution CWM Level I Examination
Testing Significance of each Unit in CWM® Level I (Foundation Level)
Level 1 Exam consists of 85 Questions of 40Mcqs of 1 Mark; 30Mcqs of 2 Marks and 15Mcqs of 4 marks each and the total marks are 160.
Exam Pattern CWM® Level II (Advanced Level)
The table sums up the section wise marks distribution CWM® Level II Examination
Note :The CWM Level 2 Final Exam consist of 20% of MCQs from the Level 1
Testing Significance of each Unit in CWM® Level II (Advanced Level)
Level 2 Exam consists of 85 Questions of 40Mcqs of 1 Mark; 30Mcqs of 2 Marks and 15Mcqs of 4 marks each and the total marks are 160.
20% weightage in Level II exam is given to Level I The marks signify the difficulty level and time consumption in solving the question. The Advanced Wealth Management questions would be in form of case study in built in the examination.
Permitted Accessories
Students are only permitted to use “CASIO FC 200 V” Financial Calculator in the examination. No exchange of accessories will be permitted during the examination.
Examination Results
There will be no score card at the end of the Exam. There will be WBSR (Web-based Score Report) added to the exam which candidates can see when they will log in to their Student Account. Now the exam has been moved to a browser platform, so it is recommended to have the WBSR. So, candidate will have their score card in their Student Login Details.
1. Confidentiality Policy
AAFM India strives to maintain the confidentiality of exam result of all the unsuccessful candidates. The results would be uploaded in the individual account of the candidate at the AAFM Website once in a fortnight. The intimation to successful candidates in Level II Advanced Level would be sent by mail requisitioning the candidate to apply for the CWM® Certification. Once the Candidate applies for the certification project work is sent. On submission and acceptance of the project the candidate’s details would be forwarded to AAFM USA for issuance of the Certification.
Any documents submitted by the candidates at centre, viz. rough sheets, back-up sheets, feedback form, etc. are the property of AAFM India. They shall not be subject to any public scrutiny. The same is to preserve the confidentiality of candidate specific information. These are also required for gathering useful information to strengthen our examination system.
No question/s or part of the paper which appear on the computer terminal should be copied from the test screen and/or taken out of the examination hall as it shall lead to disqualification of the candidature. In case of serious ambiguity in a question item, the same should be noted down only with the specific approval of exam coordinator in his/her presence. The replies to such queries would be sent without subverting the confidentiality of test items, within 7 days of the receipt of related documents from the Exam Administrator.
2. Non-discrimination Policy
AAFM India follows a policy of non-discrimination among candidates who appear for any AAFM examination. The on-line testing medium, algorithm used, facilities provided in terms of on-line content and testing and threshold criteria are the same for all candidates. On the strength of the aforesaid, there is no discrimination of any kind among the eligible candidates on the basis of pathway or mode of examination chosen, sector, region, caste, religion, age, gender, or on the basis of additional qualification and experience than those mandated for specific pathway, or on the basis of the allegiance of candidates to institutional entities or authorized educational entities.
3. Review and Appeals Policy
Specific query related to a particular question, if any, should be pointed out by the candidate during the course of the examination to the test coordinator at the test centre. For this the candidate is expected to submit his/her query in writing to the test coordinator after completing the examination, while submitting all other examination related documents. Subsequent queries through mail or post to AAFM India shall not be entertained.
4. Exam Discipline
AAFM India would treat the instances of resorting to unfair means or malpractices noticed during examination very seriously and any candidate found doing so will be expelled from taking the examination and his/her candidature shall be cancelled.
5. Rescheduling and Cancellation Policy
Exams once scheduled cannot be cancelled for any reason whatsoever. If the candidate after paying the examination fees to AAFM India does not schedule the exam at Pearson Vue during the registration eligibility period the fees paid would not be refunded nor would be adjusted further. On registration renewal with AAFM India the candidate would be required to pay the examination fees again.
Rescheduling of Examination is possible 48 hours prior to the examination on payment of Rs. 1127 to Pearson Vue. Rescheduling of examination is not allowed if the time to examination is less than 48 hours. Candidate not appearing at the examination centre on the scheduled examination would be treated as absent and the fees would not refunded back.
Retake Policy:
Candidates will be allowed to book retake after 15 days, regardless of whether the candidate failed or passed the previous attempt.
Examination Policies:
Standard Primary IDs (with both Photo and Signature).
Standard secondary IDs (with Signature).
Names on ID’s must exactly match those given by the candidate during registration. Discrepancies on ID’s that are due to typographical errors, traditional & cultural variations, and technical limitations must be reported by candidates to AAFM who will need to inform Pearson VUE as soon as possible.
Candidates are required to carry original id .Copy of ID is not acceptable proof.
Candidates will also be required to produce the appointment confirmation letters received from Pearson VUE after scheduling their test.
1. Late Arrivals and No-shows.
The standard arrival policy of 30 minutes was agreed where-by the candidates must arrive 30 minutes before the exam to their test center. Late arrival period of upto 30 minutes is allowed. If the candidate does not arrive within this period, and the test center is unable to accommodate him or her later, the candidate will be turned away and marked as a No-show.
2. Erasable note board/booklet.
Candidates will receive one erasable note board & a pen to use for rough work during the exam.
3. Exhibits, personal items, Calculators.
4. Break policies
AAFM exams will not have any scheduled breaks. Candidates can access personal belongings during unscheduled breaks limited to essentials such as medicines but no access to texts or printed materials should be allowed.
Decisions of AAFM India in all matters pertaining to the examination shall be final and binding.
The CWM® Examination is held across India across 75 Cities and Globally across 200 Cities spread over 27 Countries.
To Locate Nearest PEARSON VUE Examination Centre:: Click Here
To Locate Nearest NSE(National Security Exchange) Examination Centre: : Click Here
Global Partners
Enquire Now : Mail us at: info@aafmindia.co.in | Call us at: +911145120800, +91965015958
CHECK YOUR AAFM CERTIFICATION STATUS & VALIDITY!
REQUEST MORE INFORMATION
BECOME OUR TRAINER!
Salary figures and job vacancy insights are based on Lightcast™ Job Postings data. Information for roles like Content Creator, Machine Learning Engineer, and Salesforce Development Representative reflects data from January 1, 2024 to December 31, 2024. Statistics for all other listed positions are based on postings between July 1, 2024 and July 1, 2025.
- Amit Kumar