Family Office

Certificate for Family Office Advisors – Foundation

Programme Overview

Drawing on real-world case studies, the foundation level facilitates the overall understanding of the types of family offices, their different functions, the legal and fiscal context in which they operate, as well as the means and tools that can help protect wealth for the long term. A significant part of the learning will seek to understand the human context of wealth owners: individuals, entrepreneurs and families.

This is the first of a 2 part course and is required prior to taking the Certificate for Family Office Advisors – Advanced programme.

Upcoming Dates

Modules

The programme is tailored to industry practitioners who wish to have practical and in-depth understanding of family offices, globally and in the context of the Asian family landscape. Participants will emerge with core knowledge, capabilities, tools and insights to support their clients in managing and elevating multi or single family offices operations.

Total: 20 CPD hours

SILE CPD (for lawyers): 3 hours

Mapping the Family Office World

The Singapore Landscape

Looking through the Lens of the Family

Structuring the Family Office

Preparing the Next Generation

Planning for the Long Term

Download programme brochure

Who Should Attend

Individuals with more than 3 years of relevant experience and had demonstrated applied knowledge in the various functions within the family office segment

Multi and Single Family Office Representatives
Wealth Planning Professionals
Private Bankers and Client Relationship Managers handling UHNW and Family Office segment
Family Trust Consultants
Private Client Practice Professionals including lawyers and accountants
External Asset Management Professionals
Financial Planners

Useful Links

IBF Standards: https://www.ibf.org.sg/home/for-individuals/skills-and-jobs-development/training-support/IBF-STS

Private Banking Code of Conduct: https://abs.org.sg/industry-guidelines/private-banking

SILE site: https://www.silecpdcentre.sg/

Certification

Participants who successfully complete the programme will be awarded:

Accreditation

IBF Accreditation

This programme is accredited by The Institute of Banking and Finance (IBF). Singaporeans and Permanent Residents are eligible for enhanced funding support of up to 70% course fee subsidy under the IBF Standard Training Scheme (IBF-STS).
Information on IBF-STS funding is available at https://www.ibf.org.sg/home/for-individuals/skills-and-jobs-development/training-support/IBF-STS
Participants are advised to assess the suitability of the courses and their relevance to his/her business activities or job roles.

SILE

Eligible CPD Points: 3
Practice Area: Private Client
Training Level: Foundation
Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes signing in on arrival and signing out at the conclusion of the activity in the manner required by the organiser, and not being absent from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy on any particular day of the activity will not be able to obtain CPD Points for that day of the activity. Please refer to http://www.sileCPDcentre.sg for more information.

Certification

Upon completion, participants will be:

Eligible for 20 IBF-STS CPD Hours
Awarded the WMI Certificates for (i) Family Office Advisors – Understanding the World of Family Office and (ii) Certificate for Family Office Advisors – Planning for the Future

About IBF Certification

The following programme addresses the following Technical Skills and Competencies (TSCs) and proficiency level:

Certificate for Family Office Advisors Foundation – Understanding the World of Family Office

Stakeholder Management PL 4
Family Governance PL 4
Ethical Culture PL 4

Certificate for Family Office Advisors Foundation – Planning for the Future

Business Environment Analysis PL 4
Regulatory Compliance PL 4
Wealth Planning Administration PL 4
Business Needs Analysis PL 4
Ethical Culture PL 4

Participants are encouraged to access the IBF MySkills Portfolio (https://www.ibf.org.sg/home/for-individuals/resource-tools/myskills-portfolio) to track their training progress and skills acquisition against the Skills Framework for Financial Services. You can apply for IBF Certification after fulfilling the required number of Technical Skills and Competencies (TSCs) for the selected job role.

Find out more about IBF certification and the application process at https://www.ibf.org.sg/home/for-individuals/ibf-certification/why-be-ibf-certified

Modules	Full Fees (S$)	Fees after subsidies inclusive of GST (With effect from 1 January 2023) (S$)
Before GST	After GST	Company-Sponsored	Company-Sponsored/Self Sponsored
Application Fees			85	85
Course Fees	6000	6420	1020	642
TOTAL			1105	727

Note:

In addition to Course Fees, each participant will also be charged a non-refundable and non-claimable application fee of S$85 (including GST).

Fees shown are after IBF-STS funding. Subsidised# fees apply upon participants’ successful completion of the programme, which includes (i) fulfilling minimum attendance requirements and (ii) passing all relevant assessments.

#Subsidies are subject to change by IBF and fees will be adjusted based on prevailing funding rates. Click here to read more about funding support for IBF-STS, and the terms & conditions governing registration, payment, cancellation, deferment and no-show.

Global-Asia Family Office Circle (GFO Circle) Members are entitled to 10% discount across “Family Office” programmes. Click here for more information on GFO Circle membership.

The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.