Certified Family Office Practitioner

Certificate in Succession and Wealth Transfer

Overview

WHO SHOULD ATTEND

Certification, FEES & FUNDING

Schedule

TESTIMONIALS

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Programme Overview

The Certificate in Succession and Wealth Transfer is the last of the five distinct modules for our signature programme – “Certified Family Office Practitioner”, which is devised to provide the skill set for those who are aspiring practitioners for the Family Office, and to provide a comprehensive understanding of the Family office perspectives, internal dynamics and structural setup.

The programme is structured as five distinct modules, each ranging between one to one-and-a-half days, covering a range of essential topics that form the core of a successful Family Office practitioner’s skill set. Upon the completion of all five modules, participants will be awarded the full certificate from IBF. This stackable approach allows participants to complete the programme at their own pace, giving them the flexibility to balance their learning with their other professional commitments.

Upcoming Dates

Course

The Certificate in Succession and Wealth Transfer introduces the concepts around succession and the transfer of wealth from generation to generation and provides an overview of common approaches and practices worldwide.

Participants will learn about the various wealth planning tools and solutions typically relevant to the ultra-high net worth segment and understand how each of these may be used effectively. Participants will also learn about common challenges families face, 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 for managing private family wealth, risks associated with succession planning, and approaches to initiating wealth transfer discussions with the Family.

The Wealthy Family’s Approach to Succession and Wealth Transfer

Overview of common challenges and considerations of families of wealth in succession and wealth transfer
Creating a multi-generational wealth management structure 
Creating a structure to preserve and transfer not just family wealth but also values and heritage

Introduction to Wealth Planning Products and Solutions

Overview of common wealth planning products and solutions such as Trusts
Overview of wealth planning laws and regulations
Understanding Tax planning: Tax Residency, Cross border taxation
Application of wealth transfer with trusts

Total: 8 CPD hours (1 day)

Learning Outcomes

Articulate what are the common wealth planning and transfer products and solutions
Advise on success and wealth transfer taking into multi-jurisdictional tax and legal issues
Facilitate the planning process for succession and wealth transfer with a family and assist in the implementation of proposed tools and structures
Perform periodic reviews  for the family in the context of alignment to the family’s objectives and needs

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Certification

Participants who successfully complete the programme will be awarded:

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

Note:

In addition to Module Fees, each participant will also be charged a non-refundable and non-claimable application fee of S$85 (including GST). If you are taking all 5 modules, 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.

This programme is currently pending IBF accreditation and may be subject to changes. 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.