Institute of Wealth Management (IWM)
Dedicated to researching the fundamental theories, latest practices, and scientific tools in the wealth management sector.
Explore Certification ProgramsChartered Objectives
The Institute is committed to promoting objective and impartial wealth management practices and enhancing the professionalism and public trust of the industry.
The Institute was officially registered as a lawful society with the Hong Kong Police Force on January 8, 2018, and operates under Hong Kong laws.
1. Enhance Professional Quality
Provide professional training and industry information to members for professional knowledge accumulation.
2. Promote Objectivity & Impartiality
Advocate that wealth management practice should adhere to principles of independence, objectivity, and impartiality, prioritizing client interests.
3. Implement Professional Ethics
Promote appropriate ethical and professional conduct standards among practitioners.
4. Encourage Industry Discussion
Provide a platform for members to discuss industry trends and challenges, and exchange views.
5. Strengthen External Communication
Serve as a channel to maintain continuous communication between the industry, regulatory bodies, and the public, enhancing transparency and credibility.
Organization Structure
The Institute is governed by the Council and the Expert Advisory Committee, and features five major Research Centers to advance professional research.
Secretariat Responsibilities
- Manages the Institute's daily operations
- Handles daily professional certification affairs
Professional Certification System
The Institute offers a three-tier certification system: CWM (Certified Wealth Manager), AWM (Advanced Wealth Manager), and SAWM (Senior Advanced Wealth Manager), guiding practitioners to strengthen their expertise and enhance professional skills.
Certified Wealth Manager (CWM)
Provides professional theory and practice support for frontline wealth management practitioners.
✦ Exam Format: Online Exam (Register and Test Anytime)
✦ Subjects: 3 modules (101, 102, 109-Ethics)
✦ Exam Fee: HKD 120 per module (Registration Fee)
Advanced Wealth Manager (AWM)
Cultivates comprehensive and integrated advanced wealth management talent, providing holistic services.
✦ Exam Format: Core modules on-site; Ethics online
✦ Subjects: 3 modules (201, 202, 209-Ethics)
✦ Exam Fee: HKD 360 per module (Registration Fee)
Senior Advanced Wealth Manager (SAWM)
Specialized certification for experts in a specific professional domain, built upon comprehensive skills.
✦ Specializations: Insurance/Actuarial, Financial/Investment, Legal/Trust, Tax Planning, Management Consulting
✦ Exam Format: Core modules on-site; Ethics online
✦ Exam Fee: HKD 720 per module (Registration Fee)
Professional Qualification Examination Exemption
Eligible individuals holding IWM-recognized professional qualifications (e.g., CFA Level II/III, ACCA/FCCA, FRM, etc.) may apply for examination exemption for AWM or SAWM (four specializations). Please refer to the Exemption Guidelines for details.
Frequently Asked Questions (FAQ)
We have compiled answers to common questions regarding certification applications, examinations, and membership fees.
1. Do the three certifications (CWM/AWM/SAWM) need to be taken in sequence?
No. The three certifications have no direct relationship in the application and examination procedures. You may choose to apply for any certification based on your personal circumstances and the competency requirements of the certificate.
2. What are the fees for the first examination registration?
First-time applicants must pay a HKD 100 entrance fee to become an ordinary member (waived for App Advanced/Super members). Each registration also requires an examination fee (CWM: HKD 120/module; AWM: HKD 360/module; SAWM: HKD 720/module) and a textbook fee (HKD 82/e-book, 3 books total).
3. How do I maintain my membership and renew my annual fee?
Starting from the second calendar year, you must renew your annual fee to maintain membership. The fee is based on your highest-level certificate (No certificate: HKD 100/year; CWM: HKD 200/year; AWM: HKD 400/year; SAWM: HKD 600/year). The renewal period begins January 1st each year and lasts for two months.
4. Can I retake the exam if I fail?
There is no limit to the number of retakes. If you pass only some modules, the scores for those modules will be reserved for 2 years, and you only need to register for the remaining failed modules next time.
5. Can I receive a physical certificate after passing the exam?
You can download the electronic certificate for free from the member center. To apply for a physical certificate, there is a production and shipping fee of HKD 300.
Contact Us
IWM Contact Information
Registered Address (Latest)
22/F, Hip Shing Hong Centre, 55 Des Voeux Road Central, Hong Kong
Contact Phone
+852-21918558 (Contact Person: Ms. Huang)
IWM@myhuabo.com