The Client Advisor Competency Standards (CACS) is a mandatory common competency assessment for the private banking industry. Under the Private Banking Code of Conduct ("the Code"), all "Covered Persons" are required to pass the CACS before they can provide financial advisory services to high net worth individuals (HNWIs).

WMI is the appointed Lead Provider for CACS training:

• WMI CACS Preparatory Course: Prepares candidates for the CACS assessment through comprehensive teaching of core concepts in the CACS study guide and a mock test.
• WMI CACS NEC: Mandatory non-examinable 4-hour course for Covered Persons exempt from taking the CACS assessment under the Code.

Client advisors who pass the CACS assessment can proceed to complete WMI's Certificate in Private Banking (CPB) and/or Advanced Wealth Management Programme (AWMP). Thereafter, with relevant work experience, they will be able to obtain FICS Certification under the "Wealth Management: Relationship Management – High Net Worth" job family.[1]

Notes

[1] Successful completion of the CACS assessment will lead to Statements of Attainment (SOAs) for Competency Units 7 and 8 for "Wealth Management: Relationship Management – High Net Worth (Job Role IV)".

WMI CACS Preparatory Course

The WMI CACS Preparatory Course [1] is designed to help "covered persons" train for the CACS assessment.[2]

Benefits

• Comprehensive teaching and summary of core concepts in the CACS study guide.
• Mock test session to help candidates prepare for the assessment.
• FSDF funding available.[3]

Course info and available dates

Duration	3.5 days
Course fees	S$2,000 (before GST)
FSDF funding	70% of course fees capped at S$4,200 per participant
Class size	Max 50 participants (on a first-come-first-served basis)
Intake 6	Mar 9, 10 & 12, 2012; 9am – 5pm Mar 13, 2012; 9am – 12pm Venue to be advised Application deadline: Feb 16, 2012
Intake 7	Apr 19, 20 & 23, 2012; 9am – 5pm Apr 24, 2012; 9am – 12pm Venue to be advised Application deadline: Mar 28, 2012
Intake 8	May 17, 18 & 21, 2012; 9am – 5pm May 22, 2012; 9am – 12pm Venue to be advised Application deadline: Apr 25, 2012
Intake 9	Jun 7, 8 & 11, 2012; 9am – 5pm Jun 12, 2012; 9am – 12pm Venue to be advised Application deadline: May 17, 2012

Participants enroled in Intake 5 (February 10 – 14, 2012)

Please refer to this page for more course and venue details.

Enquiries

Please call Karen at 6828 6875 or Jalyne at 6828 6957.

Notes

[1] While WMI is confident that the course will add value to a candidate’s preparation of the CACS, no guarantees can be given that the candidate will pass the assessment. Candidates are required to put in the requisite additional individual effort to prepare for the exam.
[2] Kindly note that CACS assessment is administered by IBF, not WMI.
[3] FSDF funding for the WMI CACS Preparatory Course is subject to the candidate passing the CACS assessment.

WMI CACS Non-Examinable Course (NEC)

Exempt wealth management professionals, as prescribed by the Private Banking Code of Conduct, are not required to undertake the CACS:

• However, they must in place, register for the WMI CACS NEC to refresh their knowledge and understanding of relevant legislation, regulation and industry codes of conduct.
• This one-off grandfathering exercise must be completed by March 1, 2013.

Course info and available dates

Duration	4 hours
Course fees	S$500 (before GST)
Funding	To be advised
Class size	Max 250 participants (on a first-come-first-served basis)
Intake 3	Thurs, Feb 23, 2012; 1pm – 5pm NTUC Auditorium Application deadline: Feb 1, 2012
Intake 4	Wed, Apr 18, 2012; 1pm – 5pm Venue to be advised Application deadline: Mar 28, 2012

Participants enroled in Intake 3 (February 23, 2012)

Please refer to this page for more course and venue details.

Enquiries

Please call Karen at 6828 6875 or Jalyne at 6828 6957.