Overview

This is Unit 13 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.

This eCourse is prepared based on the recorded version of the webinar session held on 21 October 2024. For participants who plan to take the TTC Part B Stream 1 Examination at a later date, you should ensure you read the study guide and materials provided via the examination enrolment link. 

It consists of one module:
Module 18: Family Offices

If you wish to register for the full TTC (version 2.0) Part B Stream 1 Training Programme and Examination, click here. 

Please note that only the full programme is eligible for WAM FIS reimbursement.

Objective

On completion of this eCourse, you will understand
- the nature, role and types of Family Offices;
how a Family Office may be brought into the trusts/ asset holding structures
- the need and requirements for good family governance
- regulatory/Licensing requirements which may apply

Content

The nature of a Family Office.
The role of a Family Office.
How a Family Office may be brought into the trusts/ asset holding structures required.
The need for good family governance:
- Family Charters/ Family Constitutions (requirements and drafting);
- Family Council;
- voting; and
- family business management succession criteria.
Comparison between Single Family Offices and Multi-Family Offices and their pros and cons.
Multi-Family Office considerations
Licensing & incentives for Family Offices – Hong Kong and Singapore
The role of a Family Office in relation to the investment of family wealth

Who should attend

This course is primarily designed for individuals who are interested in obtaining the "Trust Training Certificate" to qualify for the Hong Kong Trustees' Association Certified Trust Practitioner™ designation.

It is also relevant for individuals seeking a comprehensive understanding of the course subject matter and those planning to enter the Trust industry sector.