Seven modules covering every topic on the Israel Securities Authority license track: foundations, statistics & finance, economics, accounting, securities law & ethics, capital markets, and portfolio management. Bite-sized cards, calculators, scenarios, and a full mock state exam.
Core math, money concepts and Excel skills you need before tackling finance: compounding, annuities, mortgages, NPV/IRR, real-vs-nominal, and the Excel functions every advisor uses.
Descriptive stats, probability, distributions, sampling, hypothesis testing, regression — plus the finance-side fundamentals: TVM, bond pricing basics, risk measures.
Micro fundamentals (supply & demand, market structures), macro essentials (GDP, inflation, IS-LM), and how the Bank of Israel's decisions transmit through the economy.
How to read a balance sheet, income statement, and cash flow statement; basic IFRS principles; financial ratios used in equity analysis.
Israeli securities law: the 1995 Investment Advice Law, fiduciary duty, conflicts of interest, suitability, prospectus rules, insider trading, and the ISA's enforcement powers. Heavy on case scenarios.
The professional capstone exam: bonds & duration, equities & valuation, derivatives (forwards/options), market structure (TASE), and modern portfolio theory.
How to actually manage money: client profiling, asset allocation, risk management, performance attribution, and the practical mechanics of running portfolios in Israel.
40 questions across all 7 modules. 90 minutes, 60% to pass. Take it when you've done the modules — track your progress and weak areas.