Overview

This eCourse consists of two modules. Module 1 looks at the area of compliance and the reasons behind the increased regulatory focus on financial institutions and private wealth management firms in recent times.

Module 2 looks at the benefits and risks of estate planning, the main steps in the estate planning process, and other key estate planning issues such as regulatory compliance and taxation. Estate planning is a key phase of a client’s wealth journey and centers on the transfer of wealth to the next generation of heirs and valued beneficiaries, or to philanthropic purposes.

Objective

On completion of this course, you will be able to:
- Define the scope and framework of compliance in financial institutions and recognize the importance of mitigating the consequences of noncompliance
- Identify the key compliance themes that apply specifically to private wealth management firms, particularly the importance of the customer and employee due diligence process
- Recognize the main compliance requirements for private banks and wealth management firms, especially codes of conduct, cross-border transactions, customer investment suitability, and responsible lending
- Identify the key benefits of an estate plan for private wealth clients and the role of the wealth manager in estate planning
- List the key steps in the estate planning process
- Recognize the importance of regulatory compliance, taxation, and trusts in estate planning

Content

Module 1: Private Wealth Management - Compliance Considerations
Topic One: The Compliance Function
Topic Two: Compliance in Private Wealth Management
Topic Three: Key Compliance Issues

Module 2: Private Wealth Management - Estate Planning
Topic One: Estate Planning & Wealth Management
Topic Two: The Estate Planning Process
Topic Three: Other Issues in Estate Planning