Private Banking Certification: Wealth Planning
- Finance & Investment
This programme is conducted online.
1 day
Weekdays (9am - 6pm)
Online
Who Should Attend
- Relationship managers
- Wealth management advisers
- Professionals who manage high net worth and ultra-high net worth clients in Private Banking/ Wealth Management
- Financial practitioners
- Professionals who work in Financial Institutions (FIs)
Overview
Comprehensive wealth planning is the key to taking care of one’s wealth for the long term and for current and future generations.
As a Private Banker, wealth planning involves a thorough review of HNWI’s finances and gives specific advice on any particular aspect of their wealth planning current and future needs.
Learning Objectives
- Understand the basic wealth planning objectives of HNW clients and explain the value of wealth planning solutions
- Understand the legislation and principles of relevant laws that impact wealth planning
- Understand insurance as a tool to achieve wealth planning objectives
- Work with specialists to design WP solutions with identified planning considerations
Topic/Structure
- Understand the common wealth planning needs for high net worth clients such as asset preservation, succession planning, mobility planning and philanthropy
- Refine your approach to overcome clients’ objections, initiate wealth planning conversations
- Understand when and how to work collaboratively with appropriate specialists in order to provide the best wealth solutions to clients
- Learn common tools used in wealth planning such as wills, joint accounts, trusts and foundations, private investment companies and insurance
- Develop an understanding of the law and regulatory environment that impact and govern the possible wealth solutions available to the clients
- Introduction to recent regulatory changes such as AEOI, CRS, FATCA and others
Assessment
At the end of the course, participants will be assessed on their competencies acquired through the learnings via a quiz.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Fee Table
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
COMPANY SPONSORED |
|
Singapore Citizen < 40 years old Permanent Resident
|
$5901 |
$5901 |
|
Singapore Citizen ≥ 40 years old |
$3902 |
$3902 |
|
International Participant |
$1,090 |
$1,090 |
All prices include 9% GST
1 50% IBF-STS funding for Singapore Citizens and Permanent Residents
2 70% IBF-STS funding for Singapore Citizens aged 40 years old and above
For more information, you may refer to this link.
Note: Fees may be subject to change, according to prevailing funding terms and conditions from the Institute of Banking and Finance Singapore (IBF)
Please note that the programme fees are subject to change without prior notice.
IBF - STS Funding (For courses commencing from 1 Jan 2023 onwards)
Standards Training Scheme
IBF-STS Funding of 50% is available to eligible institutions and qualified individuals, subject to meeting the attendance requirement and passing of assessment. The IBF-STS funding is subject to a cap of S$3,000 per participant per programme.
Singapore Citizens aged 40 years old and above will be eligible for 70% co-funding of direct training costs.
The IBF Standards Training Scheme (IBF-STS) provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services. It is applicable for both Company-Sponsored and Non Company-Sponsored individuals.
Click here for more details.
Intake Information
Next Intake: To be advised
Additional Details
About IBF Certification
This course addresses the following Technical Skill and Competency (TSC) and proficiency level:
- Product Advisory Proficiency Level 2
Participants are encouraged to access the IBF 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 here.
