Review a compact Investment Management Techniques (IMT) Exam 2 cheat sheet for vignette reading, client constraints, allocation decisions, securities selection, monitoring, and best-next-step traps before Finance Prep case practice.
Use this IMT Exam 2 cheat sheet as a case-reading checklist before vignette practice. The exam usually rewards the answer that ranks the client facts correctly, identifies the controlling constraint, and chooses the most defensible portfolio-management next step.
| Item | IMT Exam 2 cue |
|---|---|
| Provider | CSI |
| Exam | Investment Management Techniques Exam 2 |
| Format | 50 case-based multiple-choice questions in 3 hours |
| Main practice behavior | client constraints, investment policy, allocation, securities, managed products, monitoring, and integrated case judgment |
| Finance Prep status | live vignette practice available |
| Case area | What to know | Common trap |
|---|---|---|
| Investment policy | objectives, constraints, mandate, risk profile, liquidity, tax, time horizon | choosing a product before confirming the governing policy fact |
| Risk profile | risk tolerance, risk capacity, behavioural clues, downside ability, client communication style | treating questionnaire output as stronger than the case interview facts |
| Asset allocation | strategic allocation, tactical adjustment, diversification, rebalancing, cash-flow needs | redesigning the portfolio when a narrower rebalance or review fits |
| Equity securities | valuation, income, volatility, concentration, style, sector exposure | picking upside potential while ignoring mandate and concentration risk |
| Debt securities | duration, credit, yield, maturity, liquidity, reinvestment, income stability | choosing yield without checking duration, credit, or client cash-flow needs |
| Managed products | fees, manager style, liquidity, benchmark, product wrapper, portfolio role | treating product labels as interchangeable instead of testing fit |
| International and wealth risks | currency, tax drag, inflation, concentration, political risk, behavioural barriers | solving expected return while missing the non-return constraint |
| Monitoring and evaluation | benchmark fit, attribution, drift, performance period, client cash flows | judging performance against the wrong benchmark or time horizon |
After each IMT Exam 2 miss, write three short notes: the controlling case fact, the distractor that pulled you away, and the reason the best answer is the most defensible next step. If you cannot state the controlling fact in one sentence, use focused case pages before another full diagnostic.