Certified Private Wealth Professional (CPWP) Bridging Programme
Certified Private Wealth Professional (CPWP) Bridging Programme is jointly organised by the Hong Kong Securities and Investment Institute (HKSI Institute) and Hong Kong Institute of Bankers (HKIB) that aims to nurture and expand the talent pool for private wealth management industry and to provide career advancement opportunities for retail wealth management professional through accelerating the learning process for retail wealth management professionals to pursue the CPWP Certification.
The programme that bridges the curriculum gap between the Module 1 Paper 1 and Module 2 of the Enhanced Competency Framework on Private Wealth Management (ECF-PWM) and the Enhanced Competency Framework on Retail Wealth Management (ECF-RWM) provides a trimmed version for the holders of the Certified Retail Wealth Professional (CRWP) Certification awarded by the HKIB to equip them with technical and product knowledge as well as ethics and compliance aspect in the context of private wealth management.
Watch the recording of the Briefing Session (Cantonese only) to know more about the CPWP Bridging Programme.
Individuals who meet the following requirements are eligible to enrol on the CPWP Bridging Programme:
- Valid Certification holder of Certified Retail Wealth Professional (CRWP) awarded by HKIB; or
- Completed the training and examination, or via exemption of Enhanced Competency Framework on Retail Wealth Management (ECF-RWM) Module 1 to Module 7.
The HKSI Institute will arrange withdrawal for individuals who enrolled in the programme but DO NOT fulfil any of the above prerequisites and charge a withdrawal administration fee of HK$500.
The CPWP Bridging Programme is a cohort-based programme consisting of two mandatory training modules and a post-training examination. Two cohorts would be held per year.
- Language: English
- Programme Fee: HKD 5,780
Upcoming programme schedule
|
Cohort |
Enrolment Deadline |
Date of Module 2 Training |
Examination Date |
|
2nd Cohort |
26 November 2024 |
2 December 2024 9 December 2024 |
14 February 2025 |
Enrolment starts on 28 October 2024. Click the link (once activated) under Cohort to enrol.
The CPWP Bridging Programme participants are required to complete all two training modules before sitting the post-training examination.
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Module |
Topic / Chapter |
Duration* |
Delivery Mode |
|
Module 1: Technical and Product Knowledge (Operated by HKSI Institute)
|
Topic 1: Basic Products |
7 hours |
Self-paced: · eCourses
|
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Topic 2: Derivatives and Structured Products |
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Topic 3: Investment Funds and Alternative Investments |
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Topic 4: Portfolio Management |
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Topic 5: Lending and Leverage |
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Module 2: Ethics and Compliance (Operated by HKIB)
|
Chapter 1: Banking Regulations in Hong Kong |
6 hours |
Live in-person training: · FLEX Learning |
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Chapter 2: Investment Products and Selling Activities related Regulations in Hong Kong |
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Chapter 3: Laws & Regulations Relating to Client Engagement and What Happens When Things Go Wrong |
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Chapter 4: Code of Ethics And Conduct; Fiduciary Duties, Ethical Values And Professional Conduct |
* 7 hours of continuous professional training (CPT) and PWMA's on-going professional training (OPT) will be awarded by HKSI Institute upon the completion of Module 1, while 6 CPT hours and HKIB’s continuous professional development (CPD) hours will be awarded by HKIB upon the completion of Module 2.
For the examination purpose, the CPWP Bridging Programme participants should complete the Module 1 eCourses 5 working days before the post-training examination date and attend the Module 2 training sessions at the scheduled time.
Please note that Module 2 is a live in-person training. No remedial and rescheduling arrangement for absence from the Module 2 training sessions. All fees paid are non-transferrable and non-refundable.
Please refer to the Frequently-asked Questions (FAQs) to know more.
A certificate of completion for the CPWP Bridging Programme will be jointly awarded by the HKSI Institute and HKIB to the individuals who completed the two training modules and passed the post-training examination. The certificate holder is equivalent to passing the examinations of CPWP Module 1 (Paper 1) and Module 2 Examinations.
CRWP-CPWP Bridging Pathway
Individuals who have completed the CPWP Bridging Programme will also need to fulfil the following requirements before they are awarded the CPWP Certification by the PWMA:
- Complete the CPWP Module 1 Paper 2 Examination conducted by the HKSI Institute;
- Valid Certification holder of the CRWP Certification; and
- Currently employed by a PWMA member institution with at least 3 years of work experience performing the prescribed functions and roles of a Relevant Practitioner within a private wealth management institution in the most recent 5 years (Individuals who are not employed by a PWMA member institution and/or have not met the experience requirement are eligible to apply for CPWPA certification).
The certificate of completion for the CPWP Bridging Programme is valid for 5 years (counting from the issuing date of the certificate) for the purpose of applying for CPWP certification. For details on the requirement for CPWP Certification, please refer to the PWMA website.