Sale-Based Training

Certificate in Wealth Management Planning

Course Outline

Introduction

This course and associated professional designation, Certified Wealth Planner (CWP), is designed to provide attendees with the fundamentals of wealth accumulation, preservation and management for high-net-worth individuals. Attendees consider time value of money principles, the measurement of investment risk and return, the asset allocation process, insurance products in the wealth management process, business ownership and planning, as well as retirement and estate planning considerations. This module will also cover the comprehension of the major concepts underlying global laws and regulations related to wealth management planning.

Upon completion, students will be much more comfortable addressing the range of financial issues confronting high net worth individuals as well as those individuals who are aggressively seeking to grow their wealth. The course also serves as an effective introduction to investments and the broader profession of personal financial planning. Major principles in domestic and international estate and tax planning and how to recognise opportunities for clients will also be covered.

This course also focuses on asset ownership structures devised specifically to address the incidence of taxes and to manage estate protection and generation planning. It will identify and discuss the different categories of taxes in various countries that are relevant to the private investor and how these impact wealth accumulation and the ultimate wealth distribution in the context of generation planning.

Objectives

1. Appreciate aspects of taxation and estate planning laws in order to assist the client in the wealth management process. This in turn helps the Wealth Management Planner develop, manage and retain new client relationships, building client loyalty in the process.
2. Understand the legal concepts relevant to individual wealth. Acquire a general understanding of the regulatory and supervisory rules pertaining to individual asset management and personal financial advice. International wealth planning for high net-worth individuals (including trusts, foundations, estate planning, comparative tax laws, mobility and residence) will be covered.
3. Suitable asset allocation techniques from an integrated perspective, taking taxation issues, financial planning aspects, risk tolerance, life cycle and estate planning matters into consideration will be discussed. In a wealth management situation, you will be able to integrate the advice given by various professionals to help facilitate the optimal solution and clients' decisions.
4. At the end of this course, you will be able to secure referrals from your clients for creation of Wealth Management Plans as well as other Wealth Management -related industries such as the real estate, insurance or banking industries.

Subject Details

Topics

1. Fundamental Considerations in the Wealth Management Process

2. Investment Strategies
   • Asset Allocation Process
   • Time Value of Money Principles
   • Measurement of Risk and Return
   • Asset Allocation Process

    

3. Will and Estate Planning Considerations
   • Introduction to estate planning
   • Wills-planning

    

4. Trust Planning Considerations
   • Collections and distribution of assets and the power to invest
   • Rights of beneficiaries

    

5. Retirement Planning Considerations
   • Deceased estates and estate duty

    

6. Insurance and Other Financial Products in Wealth Management

7. Tax Planning Considerations
   • Introduction to tax planning and taxation of investments
   • Taxation aspects of different investment structures
   • Supplementary Retirement Scheme (SRS) and Central Provident Fund (CPF)
   • Cross border tax implications on investment assets
   • Anti-avoidance legislation

    

8. Business Ownership and Planning
   • Family succession planning

    

Teaching/ Learning Method via Superlative Learning System

The course is delivered mainly via facilitator providing lectures and answering questions along the way. Presentation slides will be prepared and distributed to participants during the course. Articles and other materials will also be distributed to supplement the textbook and lecture slides. We will be applying our proprietary accelerated learning technique to ensure that the Wealth Management Planners will be ready to start creating Wealth Management Plans once they graduate from the course

Participants are encouraged to clarify any questions they may have during or after the lectures. There will be mini-quizzes to reinforce the material that was taught. An assignment will be given to prompt participants to investigate into various wealth management topics. A final exam will be administered at the end of the module to test the knowledge acquired over the course period.

Tuition and Fees

The $1580 tuition fee for financial services professionals is payable in full by cash, cheque or credit card. All tuition must be paid prior to beginning coursework. The student understands that he/she is solely responsible for accessing the Internet program and for all fees related thereto including appropriate computer equipment and an Internet service provider.

A certificate is awarded upon program completion when the student satisfactorily completes and passes every lesson quiz and the examination. Students must be free of any financial obligation to the Academy prior to a certificate being awarded.

The Certificate of Completion of our program will be granted to a student who successfully completes each of the lessons and examination in the program. Successful completion is a pass (earning at least a 75 percent on the quizzes at the end of each lesson and at least a 70 percent on the exam at the end of the course). The faculty will assist in every way to ensure the student maintains satisfactory progress. The student is allowed up to 3 months to complete the Certificate in Wealth Management Planning.

Assessment Details

Assignment Please refer to later instructions for the assignment question.

Standard of Referencing:

Students are required to follow the Harvard referencing system provided in the Presentation of Written Work.

Examination

Format:

This is an open book examination.

Section A: Compulsory 2 questions comprising of 20 MCQS each &
Section B: Choose 3 answers out of 4 essay questions; or

Time Duration: 2 hours

Marks allocation: 100 marks

Grading System

Grade	Marks
Distinction	80% and above
Credit	65% - 79.99%
Pass	50% - 64.99%
Refer (Fail)	Below 50%

IMPORTANT Please note that participant must pass the examination in order to pass the subject.

References and Resource Materials

Additional Readings
Robert, J. G. 2002, Ernst & Young's Personal Financial Planning Guide, Special Tax Edn, John Wiley & Sons.

Suggested Study Schedule

Additional Electives

1. Information Technology And E-Business In Wealth Management
   Understand the effects of the internet on the service propositions of wealth management and its influence on the structure of the wealth management industry. You will learn how to incorporate these developments into business strategies and also be familiar with the implications of alternative models of developing and managing internet-based services in an old economy, wealth management environment.
   • IT governance models
   • Alignment of business strategies with IT developments
   • Future effects of technological developments on wealth management services
   • Principles of the new economy consequences of e-commerce and the internet on the wealth management industry
   • Cases of technology-based new entrants into the wealth management business

    

2. Life skills required for Wealth Management Planners

Time-Table (Subject to further changes)

For more information, please contact us at 67361318 or info@ceha.com.sg