Certificate for Family Office Practitioner – Managing Family Dynamics

Programme Overview

The Certificate for Family Office Practitioner – Managing Family Dynamics 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.

Modules

The Certificate for Family Office Practitioner – Managing Family Dynamics 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.

Through understanding the mindset of the family, participants are exposed to the common governance structures and learnt how to manage conflicts within the family.

Total: 8 CPD hours (1 day)

Learning Outcomes

Explain the different types of family offices and their composition
Identify approaches including policies and procedures to operationalise governance across the family office set-up 
Identify potential areas and trigger points of conflicts and what are the key issues in each conflict
Define methods to address these issues while respecting and considering individual viewpoints

Topics Covered

Overview of family owners and distinctiveness of these types of owners vs all other types of owners (eg public, state, etc.) 

Family owner’s (Principal) mindset 

Owner identity and investor identity: differences, similarities and impact on strategy 

Governance in complex families and family office set-up and establishing shared purpose in the family

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:

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.

Certification

Upon completion, participants will be:

Eligible for 8 CPD Hours
Awarded the WMI Certificate for Family Office Practitioner – Managing Family Dynamics

About IBF Certification

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

Conflict Management (PL2)
Family Governance (PL4)

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:

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.