Investment Management Certificate (IMC)

About this exam family

Investment decisions begin with a client or institution’s objective, then move through market access, product choice, risk, cost and review. This guide connects those steps across both IMC units. You will learn how UK regulation and professional duties shape communications, suitability, dealing and custody; how tax allowances and investment wrappers affect outcomes; and how to read accounts, value cash flows and compare assets. Key distinctions include bond duration versus credit risk, diversification versus low stand-alone volatility, and manager performance versus the timing of client cash flows. Use the calculation methods with the figures given in each problem, then explain what the result means for a portfolio decision.