[Webinar] The Essentials of Running a Family Office
A family office is a privately held company that handles investment management and wealth management for a wealthy family, with the aim to grow and transfer wealth across generations. The 2021 implosion of Archegos Capital Management has exposed many common problems concerning family offices. In this course, the speaker would highlight not only the basics but also the Dos and Don’ts of running family office(s).
By the end of the training, participants will have a basic understanding of:
- The setting up of a family office
- Operating a family office
- The relevant regulatory requirements
- How and where to set up a family office?
- What is needed?
- Possible structures
- Licensing and taxation issues
- Transfer pricing
- How to run a family office
- What is needed?
- What are the risks?
- Governance, Compliance, Conflict and Privacy & security issues
- Focus on Hong Kong
- FSDC paper
- PWM and Succession Planning
- Common SFC requirements (licensing; discretionary power; fair treatment of clients; fair allocation of orders; reporting and etc.)
Who should attend
This course is primarily targeted at fund managers, asset managers, in-house counsel & compliance, senior management such as Responsible officers, Managers-in-Charge, directors, wealth management staff and anyone who would like to have a better understanding of a family office.
Financial Incentive Scheme of the WAM Pilot Programme
This is one of the eligible courses / seminars under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.
Eligible in-service practitioners of the financial services industry could apply for a reimbursement up to 80% of the course / seminar fees, or a maximum of HK$10,000 per person throughout the period of 1 October 2016 to 31 March 2023 upon satisfactory completion.
Each individual may apply for reimbursement for more than one course / seminar subject to a maximum of HK$10,000 but each course / seminar can only be reimbursed once.
The duly signed application form together with the FIVE supporting documents must be submitted within FOUR months from the last day of the course / seminar attended. Please refer to the WAM Pilot Programme website for more details.
WAM Pilot Programme Special Requirements
If you plan to apply for reimbursement under the Financial Incentive Scheme (FIS), please ensure your device/computer has the camera feature or with webcam installed as you are required to turn on your camera throughout the webinar.