Who takes the PCIAM?
Passing the PCIAM demonstrates the ability to identify clients' needs and provide solutions to those needs. If you're considering taking this qualification you're advised to have significant practical experience before attempting it. It is designed to enable existing FSA-authorised practitioners to demonstrate their broad understanding of the principles of private client investment advice, within the context of the current regulatory environment.
Why take the PCIAM?
The PCIAM is a preferred route to RDR compliance for some companies, depending on your role, although it requires some CPD gapfill to meet the RDR requirements fully. It is one examination which enables existing practitioners to demonstrate a higher level of professional competence.
What's on the syllabus?
The PCIAM is designed to provide a broad understanding of the principles of private client investment within the context of the current regulatory environment and the ability to identify the investment requirements of clients and select suitable products available to meet the clients’ needs. Successful candidates will be able to structure a suitable portfolio, selecting from a range of financial products, which meets client objectives and is based on the key principles of Know Your Customer. You will also be able to undertake regular portfolio reviews and evaluations to ensure continued adherence to client objectives.
How much work is required?
Inevitably, study time required varies from person to person. An experienced advisor may require around 120 hours of study time. A less experienced person may require up to 200 hours.
When are the exams?
The exams are currently scheduled for June 2011, September 2011, November 2011, January 2012, March 2012, May 2012, June 2012 and September 2012.
Examination centres are in Birmingham, Bournemouth, Bristol, Edinburgh, Glasgow, Guernsey, Isle of Man, Jersey, Leeds, London and Manchester. The examination is also available overseas. More detail.
