Certified Private Banker (CPB) Level 1 is the natural step forward for those who have completed Client Advisor Competency Standards (CACS) Paper 1 and 2. It overlays a set of modules which covers the full range of wealth management competencies and applied skills for the high-net-worth segment.
Each module can be taken on its own. This gives you the flexibility to complete them in different ways to fit your schedule, meet required hours or achieve IBF certification. For modules with online learning, the online component must be completed before the class to equip you with the necessary knowledge for the class as well as the assessment.
The module equips you with the knowledge and skills to help high-net-worth clients make better-informed decisions by considering their risk appetite, time horizon, financial needs, and product suitability at the point of account opening and across periodic portfolio reviews.
Understand the full investment advisory process and how this can be applied effectively to strengthen your value as a client advisor.
Total Training Duration / CPD Hours: 10
Core FAA CPD: 4
Core SFA CPD: 4
Classroom Hours: 7
Online Hours: 3
This module will upskill you to initiate and develop purposeful wealth planning discussions with high-net-worth clients, in partnership with relevant specialists. It covers topics such as basic legal and tax concepts used in wealth planning, the typical solutions available to facilitate fiscally transparent asset protection, residence planning, trust and succession planning.
Total Training Duration / CPD Hours: 10
Core FAA CPD: 4
Core SFA CPD: 4
Classroom Hours: 7
Online Hours: 3
Co-developed with IBM, this module is the first of its kind to be customised for the high-net-worth wealth management segment.
Learn about the latest trends and technologies which are disrupting the financial industry. Understand their impact and how you should future-proof yourself to remain relevant in your role as a client advisor.
Total Training Duration / CPD Hours: 6
Core FAA CPD: 1
Core SFA CPD: 1
Classroom Hours: 3
Online Hours: 3
This module will help you layer structure over “soft skills” as you learn about best-in-class frameworks for acquiring new clients and anchoring existing clients.
With the digitalisation of financial services and the emergence of robo-advisory, client advisor needs to further differentiate their value to remain the preferred choice for their clients.
Along the journey of prospecting, onboarding, advising and periodic portfolio reviews, you will learn how to maximise these opportunities to deepen the client relationship for success.
Total Training Duration / CPD Hours: 15
Core FAA CPD: 4
Core SFA CPD: 4
Classroom Hours: 11
Online Hours: 4
The module highlights the importance of not just doing what is legal, but what is right.
Learn more about professional and personal ethics and how they may be impacted by the environment you work in and/or the persons you work for or with.
Total Training Duration / CPD Hours: 4
Core FAA CPD: 4
Core SFA CPD: 4
Online Hours: 4
Appreciation of the regional wealth management landscape can be gained by understanding the culture, sensitivities, market dynamics and evolving regulations in key regional markets. This module focuses on China.
It will provide you insights into the differences in mindsets between generations of high-net-worth clients, paradigm shifts due to globalisation as well as skills to develop trust and build long-lasting relationships with high-net-worth clients.
Total Training Duration / CPD Hours: 8
Core FAA CPD: 1
Core SFA CPD: 1
Classroom Hours: 8
The Introduction to ESG Advisory is a one-day program that is a combination of the Certificate in ESG Landscape and Impact on Business and the Certificate in Sustainable Investment Management.
The module 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.
Upon completion of this module, you will be awarded the following 2 certificates:
Total Training Duration / CPD Hours: 8
Core FAA CPD: 0
Core SFA CPD: 0
Classroom Hours: 8
Online Hours: 0
The Level 1 programme is designed for professionals with less than 3 years of experience in Private Banking (or serving the high-net-worth client segment):
New entrants and mid-career switch professionals should complete the CACS assessment before starting with the Level 1 programme.
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Participants who successfully complete the programme will be awarded:
Accreditation
IBF-STS
All modules have been individually accredited to IBF-Standards Training Scheme and are eligible for IBF funding and CPD hours.
Certification
Participants who successfully complete the programme will be awarded:
WMI Certification
IBF Certification
Modules | Full Fees (S$) |
Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | ||
---|---|---|---|---|
Before GST | After GST | Company-Sponsored | ||
CPBL1 – Client Relationship Management | 2,086.50 | 2,086.50 | 331.50 | 208.65 |
CPBL1 – Digital Wealth Management | 722.25 | 722.25 | 114.75 | 72.23 |
CPBL1 – Ethical Conduct | 321.00 | 321.00 | 51.00 | 32.10 |
CPBL1 – Investment Advisory | 1,364.25 | 1,364.25 | 216.75 | 136.43 |
CPBL1 – Market Specialisation | 1,284.00 | 1,284.00 | 204.00 | 128.40 |
CPBL1 – Wealth Planning | 1,364.25 | 1,364.25 | 216.75 | 136.43 |
Modules | Full Fees (S$) |
Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | ||||||
---|---|---|---|---|---|---|---|---|
Before GST | After GST |
Singaporean Aged Below 40 / PR
|
Singaporean Aged 40 & Above
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CPBL1 – Investment Advisory |
1,275.00 | 1,364.25 |
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CPBL1 – Client Relationship Management |
1,950.00 | 2,086.50 |
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CPBL1 – Wealth Planning |
1,275.00 | 1,364.25 |
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CPBL1 – Digital Wealth Management |
675.00 | 722.25 |
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CPBL1 – Ethical Conduct |
300.00 | 321.00 |
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CPBL1 – Market Specialisation (China) |
1,200.00 | 1,284.00 |
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Modules | Fees after Subsidy (incl. of GST) |
Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | |||||
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Singaporean/PR
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Singaporean Aged 40 & Above
|
Programme Fee |
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Modules |
Full Fees (S$) |
Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | |||||
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Before GST | After GST |
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Modules |
Full Fees (S$) |
Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | ||
---|---|---|---|---|
Before GST | After GST (8% in 2023) |
|
|
|
CPBL1 – Investment Advisory |
1,275.00 | 1,377.00 | 739.50 | 484.50 |
CPBL1 – Client Relationship Management |
1,950.00 | 2,106.00 | 1,131.00 | 741.00 |
CPBL1 – Wealth Planning |
1,275.00 | 1,377.00 | 739.50 | 484.50 |
CPBL1 – Digital Wealth Management |
675.00 | 729.00 | 391.50 | 256.50 |
CPBL1 – Ethical Conduct |
300.00 | 324.00 | 174.00 | 114.00 |
CPBL1 – Market Specialisation (China) |
1,200.00 | 1,296.00 | 696.00 | 456.00 |
CPBL1/L2 – Introduction to ESG Advisory |
2,000.00 | 2,160.00 | 1,160.00 | 760.00 |
TOTAL |
8,675.00 | 9,369.00 | 5,040.50 | 3,296.50 |
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).
For the CPBL1 – Client Relationship Management module, a re-assessment fee of S$540 will be charged for additional role-play assessment attempts.
Click here to read more about the terms & conditions governing registration, payment, cancellation, deferment and no-show.
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.
In addition to Course Fees, each participant will also be charged a non-refundable and non-claimable application fee of S$85 (including GST).
This programme is pending accreditation by the Institute of Banking and Finance (IBF). When accredited, Singaporeans and Permanent Residents will be eligible for funding support of up to 70% course fee subsidy under the IBF Standards Training Scheme (IBF-STS).
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 terms & conditions governing registration, payment, cancellation, deferment and no-show.
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.
Dates published may subject to change.
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