The CACS Series is for persons who wish to work in the Wealth or Private Banking industry. Click here for CACS Paper 2.


- Overview of Wealth Management
- Private Banking Code of Conduct
- Client OnBoarding Process
- Client Relationship Management
- Wealth Transfers and Succession Planning

About the Exam

- 80 MCQs (computer-based)
- Duration: 2 hours
- Passing score: 75%
- Fee: $490 for Non-Members, $410 for Corporate Members.

There is no exemption for CACS Paper 1.

The exam is split into two sections, with section 2 being case studies questions. Case studies are essentially multiple questions being asked surrounding the same scenario.

Time management is very important for this exam. Candidates often feel they do not have enough time to finish the exam, especially those whose native language is not English.


Change in Answering Format

Since 1 April 2024, all IBF exams require you to choose 1 out of 4 options, which could be a mix of options (e.g. B and C). Our practice questions are deliberately more challenging by not providing combinations to discourage guessing.

Relevant Products

- 1062 unique practice (mock exam) questions in all Plans

- 4.5 Hrs of E-Learning tutorial or audio course content offered in Silver Plan or higher

A recommended study time of 61 hours is recommended to prepare for this exam.

Up to Date, Latest Edition

CMFAS Academy has always been the first in the industry to update its material and content to align to any change or update in the official exam syllabus. We are so confident with our content that we offer the Pass Guarantee.

Exam Prerequisites / Resitting

There is no prerequisite to take this exam. You may also retake it immediately and with no restriction as to the number of times you take it before you pass.

Certificate of Completion

CMFAS Certificate of Completion Sample

Obtain a Certificate of Completion for your learning efforts, even before you pass the exam! This is especially useful when you need to convince potential employers of your readiness for the job.

Pricing Information

For full pricing information, click here: Pricing

How to start preparing for this Exam:

1. Registering an account by itself is FREE. It can be done either by using your Facebook account, Google account, or completing a sign up form using your e-mail address. A free member may get free trials to our content and access to free resources.
2. After logging in to your account, click on "Subscribe".
3. Choose the exams you need to clear, pick the desired plan(s) for each exam.
4. Pick the desired payment method. You will only be billed one time (non-recurring).

Official Study Guide and Booking of Exam Date

CMFAS Academy is a private institution offering online e-learning programs to help candidates pass the exams. The official administrator of the exams are Institute of Banking & Finance (IBF) and Singapore College of Insurance.

Candidates who are unsure which exam to take should check with the compliance department of the company. To book for the exam, please register online through the official websites of IBF or SCI.

For more info on the exams, please read up this article: Everything About CMFAS/CACS/FMRP/RES Exams

Disclaimer:

We strive to provide the most up to date information about the exams administered by third parties. However, the information published here might at certain point of time be out of date and I ask for your kind understanding. To confirm the most accurate and precise information, please check with the relevant organization or authorities.

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