ISM Institute of Stock Market Delhi

CFA Level 3: Advanced Portfolio Management and Wealth Planning Course

This course delves into advanced portfolio management strategies, including risk management techniques and wealth planning strategies for high-net-worth individuals.

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Course Overview

The objective of CFA Level 3, the last stage of the Chartered Financial Analyst (CFA) program, is to evaluate a candidate's application of portfolio theory and investment management to practical scenarios. The goal of this level is to help institutional and individual investors manage their wealth and portfolios more effectively by combining and integrating the knowledge from Levels 1 and 2.

Constructed response questions and item sets encompassing topics such as portfolio management, wealth planning, and ethical and professional standards make up the exam. The coveted CFA charter, a widely accepted credential in the field of investment management, can be obtained by passing Level 3.

CFA Level 2 In-detail curriculum

Ethics and Professionalism

- Ethical and Professional Standards
- Guidance for Standards I-VI
- Applications of Standards VII-X
- Cases and Conceptual Cases
- Ethical Decision Making Process
- Evaluation of Code and Standards
- Integrity of Capital Markets
- Roles of CFA Institute and Regulatory Authorities

Portfolio Management

- Investment Policy Statement (IPS)
- Asset Allocation and Portfolio Construction
- Risk Management
- Portfolio Management for Institutional Investors
- Portfolio Management for Private Investors
- Performance Evaluation and Attribution
- Global Investment Performance Standards (GIPS)
- The Behavioral Finance Perspective
- Trading and Rebalancing Strategies
- Execution of Portfolio Decisions
- Alternative Investments

Wealth Planning

- Estate Planning
- Asset Protection Strategies
- Tax Planning
- Charitable Giving
- Specialized Asset Types

Fixed Income Investments

- Financial Planning for Special Situations
- Behavioral Finance and Wealth Management - Retirement Planning
- Inter-generational Wealth Transfer
- Business Planning and Ownership Transfers
- Risk Management and Insurance Planning - Yield Spread Measures
- Spot and Forward Rates
- Valuation of Fixed Income Securities
- Understanding Interest Rate Risk
- Duration and Convexity
- Credit Risk Analysis
- Structured Products
- Interest Rate Derivatives
- Foreign Exchange Rate Risk
- Interest Rate Risk Management
- Money Market and Repurchase Agreements
- Mortgage-Backed Securities
- Asset-Backed Securities
- Valuation Issues
- Default Risk


Familiarize yourself with the Chartered Financial Analyst (CFA) designation, which is a globally recognized certification for finance and investment professionals.

CFA Level 3 Course Fee & Timings

At ISM, we offer the CFA Level 3 course at a competitive fee of ₹60,000. Our course timings are flexible to accommodate the diverse schedules of our students, ensuring convenience and accessibility. With our comprehensive curriculum, experienced instructors, and supportive learning environment, we strive to provide the best possible preparation for the CFA Level 3 exam. Join us to advance your career in finance and achieve success in the field of investment management

Placement Partners

With our vast network of prestigious placement partners, you can access a plethora of job prospects. Start a rewarding career journey and open up new opportunities for development and achievement with their help.


The Level 3 exam focuses on portfolio management and wealth planning. It includes essay questions and item set questions, testing your ability to apply concepts rather than just recall them.

To prepare, review the curriculum thoroughly, practice essay questions, and take mock exams. Utilize study materials from reputable sources and consider joining study groups for additional support.

The passing rate varies each year but generally ranges between 40% to 60%. Success depends on diligent preparation, understanding the material, and effective exam-taking strategies.

Yes, many candidates balance work commitments with exam preparation. However, it requires effective time management, dedication, and prioritization of study time.

Yes, candidates must have successfully completed the Level 2 exam and fulfilled the CFA Institute's work experience requirements before registering for Level 3.

Passing the Level 3 exam brings you one step closer to earning the prestigious CFA charter, enhancing your credibility and career prospects in the finance industry.