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Exam ICWIM Topic 4 Question 38 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 38
Topic #: 4
An investor with $900,000 of investable assets would normally be categorised as:

Suggested Answer: B Vote an answer

* Investor Categories Based on Investable Assets
* Mass Affluent: $100,000-$1,000,000
* High-Net-Worth Individuals (HNWI): $1,000,000-$5,000,000
* Very-High-Net-Worth Individuals (VHNWI): $5,000,000-$30,000,000
* Ultra-High-Net-Worth Individuals (UHNWI): Over $30,000,000
* Why $900,000 Falls into HNWI?
* Although $900,000 is close to the HNWI threshold, the term is often used flexibly for individuals who are near the $1M mark.
* Banks and wealth managers generally consider $900,000 within this category because they have similar service needs.
* ICWIM Textbook, Chapter on Investor Profiling: Defines HNWI thresholds and explains their investment behavior.
* Wealth Management Industry Standards: High-net-worth classification begins near $1M.
ReferencesThus, the investor would normally be categorized asB. High-net-worth.

by waelrif247 at Oct 22, 2025, 04:01 AM

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