
Program Overview:
According to the 2024 World’s Wealthiest Cities Report by Henley & Partners, Singapore ranks fourth globally, with 244,800 resident millionaires, 336 centi-millionaires, and 30 billionaires. Additionally, family-owned businesses constitute around 60% of companies listed on the Singapore Exchange (SGX).
This growth presents a significant opportunity for financial planners to offer comprehensive financial planning services tailored to the needs of Singapore’s wealthy individuals. Key areas of focus include wealth accumulation, preservation, business continuity, as well as succession and legacy planning.
The Wealth Management Masterclass: Advising Family Businesses and Wealthy Clients is designed to equip financial planners with the essential knowledge, skills, and competencies to effectively serve the high-net-worth market. Beyond technical expertise, the program also emphasizes the development of soft skills crucial for success in this exclusive segment.
- Enhance your expertise in core wealth management themes, including gap analysis, wealth accumulation and preservation, succession planning, legacy, equalization, and distribution strategies.
- Understand the profiles, characteristics, and unique needs of family-owned businesses and high-net-worth individuals.
- Use client engagement frameworks to analyze financial situations, identify gaps, and provide tailored solutions.
- Apply genogram analysis to assess family dynamics and develop customized wealth management proposals.
- Utilize the O-F-B model and scenario planning analysis to identify gaps in family businesses and create strategies for business succession and legacy planning.
- Learn how to utilize insurance and investment products to meet clients’ wealth management goals.
- Develop competencies in portfolio allocation and investment strategies.
- Build proficiency in succession and legacy planning.
14 (including 1-hour MCQ Assessment). Upon completion of this program, you will be awarded the Certificate of Completion and 14 Supplementary (Non-Core) CPD Hours.
This course is for licensed representatives working as Financial Planners, Insurance Agents and Bancassurance Specialists involved in financial advisory work.
$1,800 (Before Funding)
This course has been accredited under the Skills Framework for Financial Services and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.
Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.
The IBF-STS is available to eligible entities and individuals based on the prevalent funding eligibility, quantum and caps. IBF-STS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S3,000 per candidate per course subject to all eligibility criteria being met.
Find out more on www.ibf.org.sg.
This course addresses the following Technical Skills and Competencies (TSCs) and proficiency level:
- Personal Finance Advisory (proficiency level 4)
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 on https://www.ibf.org.sg/home/for-individuals/ibf-certification/why-be-ibf-certified.
For program schedules and registration details, please contact us at enquiries@fp-edu.com.