Acturial Study Materials

ASM Study Manual Program for Exam FM with Instructional Videos

By: Cherry & Shaban

Edition: 17th Edition

View Errata List

Your comprehensive Study Program comes with: 

  • Study Manual

    • Comprehensive syllabus coverage (500+ pages)

    • 9 Chapters organized to help you study 

    • 200+ Examples

    • 570+ Exercises

    • Over 1000 Problems 

    • 6 Full-Length Exams (with over 180 questions)

    • 9 sets of Calculator Notes with detailed instructions

  • Instructional Videos

    • 56 Instructional Videos 

    • 10+ hours of video content

  • GOAL – Exam Question Database

    • 1500+ problems with detailed solutions

    • 3 Learning Modes spanning 3 Difficulty Levels 

      • Practice: select the syllabus topic(s), level of difficulty and begin.

      • Quiz: select the topic(s), difficulty, number of problems and set the timer.

      • Simulated Exams: 16 comprehensive simulated exams with predetermined problems withheld from the practice and quiz modes. Including 2 Challenge Level exams!

  • Other Ways to Learn

    • 130 Virtual Flashcards to assist with memorization of key formulas and concepts

    • Comprehensive Formula & Review Sheet

  • Better Ways to Organize

    • Study Planner  that follows your manual to take the guesswork out of your study schedule and get you quick access to relevant study materials.

    • Topic Search - fully linked to seamlessly read, watch, and practice


  • 6-month license: no printing

  • 12-month license: 30% printing

License Extensions

  • Extensions of 3-months and 6-months are available, please contact support to purchase.

  • Extensions do not include printing rights and may not be shared, sold or overridden in any way.

Access manual from any device, anywhere

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More Information About Your Study Program and Expert Professors

Hal Cherry, FSA, MAAA and Wafaa Shaban, ASA, Ph.D.

The manual shows you tricks and shortcuts for various types of problems, warns you about common traps that students fall into, and tells you how to avoid them.  After each topic there are examples called “Stepping Stones” that are designed to tell you whether you have understood what you have just read, and to serve as a bridge to more difficult exam-level problems.

Harold Cherry, FSA, MAAA, retired as Vice President & Actuary after 33 years at New York Life. Subsequently, he was a consultant at AXA Equitable (now Equitable Holdings) for 17 years.  During his time as a working actuary, he taught courses for actuarial students for over 30 years, sponsored by the Actuarial Society of Greater New York.  He was the publisher of study manuals under the ASM imprint for many years, until their publication was assumed by The Actuarial Bookstore.

Wafaa Shaban, PhD, ASA, Actuarial Science Program Director and Teaching Professor in the Department of Mathematics and Statistics at the University of North Carolina at Charlotte. Since 2003, she has taught Actuarial courses for the "Financial Mathematics" and "Long Term Actuarial Models" exams. Dr. Shaban became an author with the Actuarial Bookstore in 2015 working on GOAL for FM. She later became a co-author of the ASM Manual for FM in 2018.

CLICK HERE for errata and updates. 

Resale, sharing or any other violation of copyright is not allowed. Copyright infringement is a violation of the CAS & SOA Code of Professional Conduct and can result in discipline procedures.

Actuarial Study Materials

ASM has been helping students prepare for actuarial exams since 1983. We offer study materials for Exams P/1, FM/2, MLC, MFE/3F, C/4, S and EA-1, EA-2F and EA-2L, written by an outstanding team of authors. ASM Products are sold at ACTEX Learning | Mad River Books and The Actuarial Bookstore.