Overview

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

It consists of one module:
Module 18: Family Offices

For details on the topics to be covered, please refer to the 'Content' section below.

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

Objective

At the end of this Module students will understand

1. the nature, role and types of Family Offices;
2. how a Family Office may be brought into the trusts/ asset holding structures; and
3. the need and requirements for good family governance.
4. Regulatory/Licensing requirements which may apply

Content

This Module covers:-

• 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.

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).

Click here if you wish to register for full Part B Stream 1 training programme and examination.