Review a compact CISI Investment, Risk and Taxation cheat sheet for asset classes, risk-return, investor taxation, products, suitability, portfolio construction, advice process, and review traps before Finance Prep practice.
Use this CISI Investment, Risk and Taxation cheat sheet as an advice-core checklist before mixed practice. The exam usually rewards the answer that combines client facts, product facts, risk, tax context, and review discipline in the same decision.
| Item | CISI IRT cue |
|---|---|
| Provider | CISI |
| Exam | Investment, Risk and Taxation |
| Format | 80 multiple-choice questions in 120 minutes |
| Main practice behavior | connect asset classes, tax context, risk-return, products, suitability, advice process, and review |
| Finance Prep status | live practice available |
| Area | What to know | Common trap |
|---|---|---|
| Macro environment | rates, inflation, currencies, growth, market cycle | ignoring how macro changes affect product risk |
| Asset classes | cash, bonds, equities, property, alternatives | treating asset class labels as suitability answers |
| Risk and return | volatility, inflation, liquidity, credit, concentration, time horizon | equating higher expected return with better advice |
| Taxation | income, gains, wrappers, allowances, investor circumstances | giving tax conclusions without client context |
| Investment products | funds, structured products, pensions, insurance-linked products | matching product features without checking needs |
| Portfolio construction | diversification, asset allocation, rebalancing, constraints | over-diversifying away from the client’s objective |
| Advice process | fact-find, objectives, recommendations, documentation, disclosure | skipping evidence because the answer feels obvious |
| Portfolio review | performance, changes in objectives, risk drift, suitability reviews | treating review as performance reporting only |
After each set, write one sentence for every miss: client fact, product fact, risk or tax issue, and required advice step. If one of those four pieces is missing, the miss was probably not random. Drill the matching topic before another timed mixed block.