The “Certified Family Office Practitioner” is WMI’s new signature programme designed to equip aspiring practitioners with the necessary skill set to navigate the intricate landscape of the Family Office. This comprehensive programme aims to provide a deeper understanding of the Family Office perspectives, internal dynamics and structural setup, allowing participants to emerge as well-rounded practitioners in this field.
The Certified Family Office Practitioner programme is designed to cover a range of essential competencies and knowledge areas that aspiring professionals need to master in order to advance their careers in the family office sector.
Taught by leading family office professionals with deep domain expertise, these modules provide a structured learning pathway for family office professionals to deepen and expand their technical skills and competencies as defined in the Family Office job family within the Skills Framework for Financial Services.
This stackable approach enables participants to complete the programme at their preferred pace, giving them the flexibility to balance their learning with their other professional commitments.
Certificate for Family Office Practitioner – Managing Family Dynamics
This course provides a good overview of the Family Office landscape in Singapore and around the world.
Participants will learn about the Family Office ecosystem as well as the various structures used across generations through history, and the reason behind the structures.
Participants will also understand how the family offices are governed in varying complexity and learn how to manage family dynamics such as family conflicts and priorities.
Duration: 8 hours (1 day)
8 CPD hours will be accorded.
Certificate for Family Office Practitioner – Legacy and Impact for the Family
Families are increasingly becoming more involved in creating their legacy through philanthropic giving and the impact they have.
This course provides a good introduction to how families of wealth approach philanthropy and impact investing. Participants will first learn about broad global trends, themes and concepts in relation to philanthropy and how to help the family identify their giving objectives. They will also learn about how some families are increasingly aligning their giving to sustainability themes and understand how ESG factors matter in not just giving but also the investment activities and decisions of the family.
Duration: 8 hours (1 day)
8 CPD hours will be accorded.
Certificate for Family Office Practitioner – Family Office Investments
Through this course, participants will understand the fiduciary duty of the family office executive in managing assets across generations. Participants will examine the needs of the family in deciding investment principles with an emphasis on the longevity and preservation of capital across generations.
Duration: 8 hours (1 day)
8 CPD hours will be accorded.
Certificate for Family Office Practitioner – Family Office Management and Operations
This course provides an overview of the key considerations surrounding the family office set-up, infrastructure and operations.
Participants will also learn about key risk considerations such as cybersecurity, family/principal reputation, operating risks (including manpower), etc and also understand the regulatory and financial reporting obligations of the family office. Participants will also learn how to identify stakeholders and how to engage and manage them.
Duration: 10 hours (1.5 days)
10 CPD hours will be accorded.
FAA / SFA CPD: 3 hours
Certificate for Family Office Practitioner – Succession and Wealth Transfer
This course introduces the concepts around succession and the transfer of wealth from generation to generation and provides an overview of common approaches and practices around the world.
Participants will learn about the various wealth planning tools and solutions typically relevant to the ultra-high net worth segment and gain and understanding of how each of these may be used effectively. Participants will also learn about common challenges faced by families, especially where they are multi-jurisdictional and multi-generational and what these families need to consider when thinking about succession. Participants will also learn to identify best practices of managing private family wealth, risks associated with succession planning, and approaches in initiating wealth transfer discussions with the Family.
Duration: 8 hours (1 day)
8 CPD hours will be accorded.
Family Office Risk Management & Controls
The programme will equip participants to grasp the regulatory environment for family offices, examine key regulatory and compliance risks, and identify solutions to address and mitigate these risks balancing robust risk management and innovation.
Duration: 8.5 hours (1 day)
8.5 CPD hours will be accorded.
Certificate in Introduction to ESG Advisory
The course introduces the basic concepts of ESG. Sustainable investments are critical to addressing the energy transition, which has a multi-trillion-dollar capital requirement. UHNW clients and family offices are increasingly demanding that both financial performance and non-financial factors, such as ESG, be considered.
Duration: 8 hours (1 day)
8 CPD hours will be accorded.
Certificate in Introduction to Climate and Decarbonisation Strategies
The Certificate in Introduction to Climate and Decarbonisation Strategies is a one-day program that equips participants with a comprehensive grasp of foundational climate science principles, the ability to interpret international climate agreements, and the skills to seamlessly integrate sustainability considerations into financial strategies.
Duration: 8 hours (1 day)
8 CPD hours will be accorded.
Successful completion of the programme qualifies individuals for WMI’s Certified Family Office Practitioner qualification.
Additional modules may be launched as a requirement to achieve WMI Certification in accordance to the latest Skills Framework for Financial Services. T&Cs applies.
Individuals with more than 3 years of relevant experience and had demonstrated applied knowledge in the various functions within the family office segment
Useful Links
Participants who successfully complete the programme will be awarded:
Fees and Fundings
| 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 | |
Fees and Fundings
| Modules | Full Fees (S$) |
Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$) | ||||||
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| Before GST | After GST | Singaporean Aged Below 40 / PR | Singaporean Aged 40 & Above | |||||
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Fees and Fundings
| Modules | Fees after Subsidy (incl. of GST) |
Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$) | ||||
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| 1 | Not Applicable | ||
1 For Singaporeans aged 40 and above, you are eligible to utilise the SkillsFuture Credit (Mid-Career) further to offset your course fee after the IBF subsidy.
2 Fees shown are after IBF-STS funding assuming students meet the minimum academic standards outlined by IBF and are physically based in Singapore. The fees are also subject to IBF accreditation approval for all modules.
Fees and Fundings
| Core Modules |
Full Fees (S$) |
Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$) | |||||
|---|---|---|---|---|---|---|---|
| Before GST | After GST |
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| Certificate for Family Office Practitioner - Managing Family Dynamics | 2,000.00 | 2,180.00 | 1,180.00 | 780.00 | |||
| Certificate for Family Office Practitioner - Legacy and Impact for the Family | 2,000.00 | 2,180.00 | 1,180.00 | 780.00 | |||
| Certificate for Family Office Practitioner - Family Office Investments | 2,000.00 | 2,180.00 | 1,180.00 | 780.00 | |||
| Certificate for Family Office Practitioner - Family Office Management and Operations | 2,500.00 | 2,725.00 | 1,475.00 | 975.00 | |||
| Certificate for Family Office Practitioner - Succession and Wealth Transfer | 2,000.00 | 2,180.00 | 1,180.00 | 780.00 | |||
| Family Office Risk Management & Controls | 2,000.00 | 2,180.00 | 1,180.00 | 780.00 | |||
Fees and Fundings
| Core Modules |
Full Fees (S$) |
Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$) | ||
|---|---|---|---|---|
| Before GST | Below 40 | 40 & Above | ||
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Note:
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.
Click here to read more about funding support for IBF-STS, and the terms & conditions governing registration, payment, cancellation, deferment and no-show.
Eligible SG citizens may utilise SkillsFuture Credit to offset course fees. This is only applicable for the regular SkillsFuture Credit, and not applicable for the SkillsFuture Credit (Mid-Career) additional top-up funding.
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.
Please note that program dates are subject to change at WMI’s discretion in the event of unforeseen circumstances. WMI will strive to provide advance notice of any changes whenever possible.
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