Certificate for Family Office Practitioner – Succession and Wealth Transfer

Programme Overview

The Certificate for Family Office Practitioner – Succession and Wealth Transfer is one of the 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 has been structured to cover a range of essential topics that form the core of a successful Family Office practitioner’s skill set. 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.

Course

The Certificate for Family Office Practitioner – 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

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

Certification

Participants who successfully complete the programme will be awarded:

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:

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.