Certified Family Office Advisor

Programme Overview

The “Certified Family Office Advisor” is WMI’s signature programme designed to build capabilities for the existing advisors to Family Offices. Through practice-led discussion, participants learn the key communication strategies to establish family constitution, vision, and charter, and emerge with key competencies in the aspects of wealth succession tools, family governance tools and structures, investment landscape, and the specifics of managing transgenerational family assets.

Programme Structure

The programme has been structured into 2 parts.

Part 1 – Certificate for Family Office Advisors – Foundation (3 days)
Part 2 – Certificate for Family Office Advisors – Advanced (5 days)

Completion of the Certificate for Family Advisors – Foundation programme is required prior to taking the Certificate for Family Office Advisors – Advanced programme.

The participant will be offered a complimentary 1-year Membership to the Global-Asia Family Office Circle.

Download programme brochure

Who Should Attend

Individuals with more than 3 years of relevant experience and 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: 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

Certificate for Family Office Advisors — Foundation

Eligible CPD Points: 3
Practice Area: Private Client
Training Level: Foundation

Certificate for Family Office Advisors — Advanced

Eligible CPD Points: 3.5
Practice Area: Private Client
Training Level: Intermediate

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 www.sileCPDcentre.sg for more information.

Certification

Certificate for Family Office Advisors – Foundation

Upon completion, participants will be:

Eligible for 20 IBF-STS CPD Hours

Awarded the WMI Certificates for

Certificate for Family Office Advisors – Understanding the World of Family Office
Certificate for Family Office Advisors – Planning for the Future

Certificate for Family Office Advisors – Advanced

Eligible for 31.5 IBF-STS CPD Hours

Awarded the WMI Certificates for

Certificate for Family Office Advisors – Advanced,
Certificate for Family Office Advisors Advanced – Investing and Risk Management for the Family
Certificate in Environment and Social Governance for Family Offices

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

Certificate for Family Office Advisors – Advanced 

Conflict Management PL 5
Philanthropy Advisory PL 5

Certificate for Family Office Advisors Advanced – Investing and Risk Management for the Family

Financial Analysis PL 5
Wealth Planning Administration PL 4
Risk Management PL 5

Certificate in Environment and Social Governance for Family Offices

Environment and Social Governance (PL3)

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$)	Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$)
Before GST	After GST	Company-Sponsored	Company-Sponsored/Self Sponsored

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). If you are taking both certifications, the application fee will only be charged once.

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.

Schedule

Dates published may be subject to change.

Certificate for Family Office Advisors - Foundation - 7 - 9 May (class), 13 May (assessment)

Certificate for Family Office Advisors - Advanced - 13 - 17 May (class), 23 May (assessment). Learners who finish the foundation before May 2024 can join the advanced class in May.

Certificate for Family Office Advisors - Advanced - 2 - 6 Sep (class), 12 Sep (assessment)