Wealth Management Institute

WMI Certificate in Trust Services - Build foundations for future generations.

The WMI Certificate in Trust Services (CTS) programme provides participants with a comprehensive overview of the fundamental tools and solutions available to achieve a client's long-term financial succession and preservation objectives. It will cover the foundations in client acquisition, on-boarding and on-going due diligence, as well as risk management processes related to the wealth and estate planning industry.

The programme is specially designed for individuals who are interested to deepen their understanding of trust administration and wealth and estate planning, as well as individuals who are keen to pursue a career in these areas.

Benefits to You

  • Learn from senior practitioners in the wealth management industry from various leading financial institutions. No other training platform offers this best of breed approach.
  • Gain from the close networks formed during the programme as well as the networks you can access through WMI's extensive alumni of wealth management professionals.
  • Be certified under the IBF Standards which represents a set of competency standards developed by the industry, for the industry and is supported by the Monetary Authority of Singapore (MAS), the Singapore Workforce Development Agency (WDA) and the Singapore Trustees Association (STA).

Programme Structure

The CTS programme spans 3 weeks. It provides a comprehensive overview of the wealth & estate planning industry in Singapore. Topics include trust regulations and practices, taxation, client advisory and trust structuring, trust management and operations as well as risk management. Participants will be taught by highly qualified senior practitioners from the wealth & estate planning industry based in Singapore.

Singapore Trustees Association
Endorsed by the Singapore Trustees Association.

Curriculum

Trusts
This session provides an overview of the wealth & estate planning industry. A good understanding of the features and characteristics of the wealth & estate planning tools and structures, applicable laws and regulations, are essential elements of a successful wealth planner. Lessons will be drawn from industry trends and developments applied to daily work practices.
Cilent Advisory and Trust Structuring
Wealth planners need to have a good understanding of a client's needs and objectives in order to provide sound advice and recommendations. They are required to formulate appropriate questions to uncover clients' needs and obtain financial as well as non-financial information. Through the extensive use of practical case studies, participants will also be taught to analyse the factors to be considered in trust structuring.
Trust Regulations and Practices
In recent years, there has been considerable changes in the international regulatory and compliance requirements. It is imperative for wealth planners to keep abreast with these changes. This session covers the regulatory framework governing estate planning and trustee services in Singapore.
Trust Management and Operations
This session covers the end-to-end processes involved in the administration and management of a trust. This includes accounting, compliance, management and performance reporting of the trust assets. The trustee's fiduciary duty of care will also be discussed.
Taxation in Wealth and Estate Planning
This session gives an overview of the common tax regimes globally and how they impact the administration of trust companies in Singapore. Fundamental taxation concepts like domicile and residency will be discussed. Participants will gain an appreciation of the general tax concepts relevant to wealth and estate planning.
Client Relationship Management
In this session, participants will learn about the different client requests and guiding principles for efficient and professional servicing of the clients. Account servicing strategies as well as best-in-class practices will be discussed.
Client Acceptance Review
In this age of enhanced regulatory requirements, trust companies have to be aware of the various regulatory changes that impact the growth of the trust business. This session provides an overview of the client acquisition and on-boarding processes. Participants will also be taught the importance and performance of due diligence, the verification of qualitative and quantitative client information, as well as the identification of events and transactions that will impact the client's risk profile.
Risk Management
This session discusses compliance, monitoring and control functions in a trust company. Critical risk areas and fiduciary duties involved in the various stages of tax operations will be highlighted. Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) will be covered. Case studies will be used to enhance the learner's understanding and application of risk knowledge.

Programme Assessment

Participants will be assessed on their proficiency for each topic to ensure they achieve the learning outcomes. Upon successful completion of the programme and passing of all assessments, participants will be:

  • awarded the "WMI Certificate in Trust Services"
  • eligible for the "IBF Qualified" certification status in the area of "Wealth Management - Trust Administration/Wealth and Estate Planning" under the IBF Standards.

Who Should Apply

The CTS programme is specially designed for the following individuals:

  • Assistant Trust Administrator, Assistant Wealth and Estate Planner, Trust Relationship Managers or other occupations that perform similar roles

The minimum entry requirements for admission to the CTS programme are:

  • diploma/degree; or
  • prior working experience in the financial services industry

This programme is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to participants meeting all eligibility criteria.

Apply now

Intake 8 is scheduled to commence on 4 March 2017.

Early application is strongly encouraged.

To apply, please send in your completed application form together with all relevant supporting documents and an application fee of S$85.00 (non-refundable) by mail to:

Wealth Management Institute Pte Ltd
60B Orchard Road
#06-18 Tower 2
The Atrium@Orchard
Singapore 238891

Financial institutions that are keen to sponsor candidates for the programme, kindly contact us.

Related Information

I knew very little about the trust business and how it could help high net worth clients in their estate planning before I attended this course. This course has been an eye-opener for me. I appreciate all the lecturers who have been very enthusiastic about imparting their knowledge on trust and their efforts to keep the lectures simple. Thanks!

Helen Yeo
Manager, Credit Agricole (Suisse) SA