As many of you know, this is the first sitting for the new LAM exam! Lately I’ve been getting a lot of questions about LAM vs LRM, so I wanted to collect some thoughts here.
1. LAM Syllabus: First of all, the LAM syllabus is very different from the LRM syllabus. You should think of it as basically an entirely new exam. There is no longer a case study (which I think many people will be happy about!). There were only 2 readings that got carried over fully from the Spring 2019 LRM Syllabus (Key Rate Durations: Measures of Interest Rate and Revisiting the Role of Insurance Company ALM w/in a RM Framework). A few other readings got partially carried over, but with changes to pages/chapters (ESG: A Practical Guide and Diversification: Consideration on Modelling Aspects & Related Fungibility and Transferability, and LAM-116)
2. TIA Materials: We’ve got you covered and will be updating the seminar for these syllabus changes! Eddie and I are working hard getting these updates in as soon as possible, while still making sure our materials are the highest quality possible. If you want to see a full list of product features, go the product page and download the first sample (Fall 2019 LAM Release Date Schedule). There are some seminar materials in place (~25 videos), and we will continue to roll-out materials over the coming weeks and months!
You can purchase the LAM seminar at any time, and you’ll have access through the Fall 2019 exam sitting. You will get complete access to all the TIA LAM materials as they are rolled out.
Hopefully that helps clarify some common questions you might have! Good luck on your exams!