WE ARE AB MAXIMUS,
EXPERTS IN FINANCE EDUCATION
As Singapore's oldest exam prep provider, we are the trusted choice
for thousands of finance professionals across Asia.
Home > IBF-STS > Family Wealth Preservation and Business Succession
Family Wealth Preservation
and Business Succession
About This Programme
A knowledge kit for private wealth managers, private bankers and external advisors to ultra-high net worth clients. This bespoke intermediate level practice-oriented course provides a sustainable approach to and case studies for generational wealth preservation, fostering family harmony and anticipating threats that can be mitigated to prevent erosion of family wealth. This
comprehensive course is also suitable for trustees, lawyers, tax accountants and financial planners.
This course is eligible for IBF STS funding and use of SkillsFuture Credit.
Trainer
Alvin Yap
Learning Outcomes
Upon completion of this course, participants will be able to:
-
Basic governance structures of the family unit
-
Concept of family governance versus natural governance
-
The Shared Purpose in a family governance context
-
Key components of a family governance framework – family assembly, family council and family constitution and the role each component plays
-
Operational plans for achieving family governance goals
-
Techniques to implement operational plans
-
Roles, accountabilities and responsibilities of family members and other associated persons in the family governance framework management
Course Outline
Session 1: 3+1 Mechanism & Case Studies
-
Introduction and Case Studies
-
Strategies for Allocating Privileges, Position and Power
Session 2: Wealth Holding Structures
-
Centralization of Family Wealth
-
Wealth Preservation Vehicles
Session 3: Shareholder Succession
-
Dynamics between Majority and Minority Shareholders
-
Consequences of Not Having a Shareholder Succession Plan
-
Timeframe & Planning a Shareholder exit
-
Business Continuation Trust
Session 4: Non-family Key Executives in Your Succession Plan
-
Share Class Rights
-
Using Share Awards for Succession Planning
Session 5: Family Wealth is Best Managed by the Family
-
Agency Conflict vs Outsourced Chief Investment Officer
-
Family Office Investment Committee
-
Investment Policy Statement
-
Multi-asset Class Portfolio
Session 6: Family Governance
-
Family Council
-
Family Constitution
-
Family Committees
-
The Family Council Process
-
Integrating Generational Wealth Strategy
-
Dividend Calculation
Session 7: Generational Wealth Strategies
-
Member Class Structures
-
Generational Wealth Strategies (GWS) - the right formula for your Client’s
demographic profile
Session 8: Why Family Conflicts Always Creep In
-
Root Causes of Family Conflicts
-
Revive Family Unity
Session 9: Mitigating Asian Cultural Flaws
-
Undesirable Stereotypes
-
Counseling for Change
-
Grooming the Succeeding Generation
IBF Standards Training Scheme (IBF-STS)
This IBF-STS course is recognised under the Standards Training Scheme (STS) and is eligible for STS claims subject to all eligibility criteria being met.
Please note that in no way does this represent an endorsement of the quality of the training provider and course. Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.
The STS is available to eligible individuals based on the prevalent funding eligibility, quantum and caps. STS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S$3,000 per candidate per course subject to all eligibility criteria being met.
Find out more on www.ibf.org.sg
SkillsFuture Credit
This programme is eligible for SkillsFuture Credit and this is applicable only for non-company-sponsored individuals on programme fees after IBF-STS funding.