Certified Family Office Manager
Programme Code
CFOM
Duration
2 months
Format
Online
Overview
Most of the world’s economy is comprised of family-controlled firms. It was noted, in a recent survey by a renowned consultancy firm, that majority of family business owners would like to see their business transferred to the next generation, it is estimated that 70% will not survive into the 2nd generation and 90% will not make it to the 3rd generation.
One of the primary challenges is inadequate estate planning, where families fail to prepare comprehensive plans or discuss wealth transfer openly. This often leads to disputes, legal complications, and tax burdens for heirs. Another challenge is the difference in values between generations, particularly concerning wealth management, philanthropy, and investment strategies. Finally, family dynamics, including sibling rivalries and lack of trust or communication, can complicate the transfer process, often resulting in fragmentation of wealth or even family conflicts.
This online programme addresses the special issues of family offices, including succession plan, governance, strategy, family characteristics, culture and philanthropy. The course will benefit those from business-owning families who aspired to be their own family wealth manager as well as their financial advisors. This is a highly intensive and practical focus course that will involve lots of case study analysis, group discussions, assignments and presentations on new ideas in family office and wealth.
Learning Outcomes
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- Understand the paradoxes of family office
- Establish family office continuity plan for legacy and succession purposes
- Align business strategy to family requirements holistically
- Sustain competitive advantage for family business
- Set Up a family office management (FOM) framework
Assessments
Every participant will either use their own organisation or an approved case study and attempt to apply all the knowledge that they had acquired over the 5-day (face-to-face) or 10-week online programme. This includes setting up the FOM Framework, family office structure, family business continuity plan, diversification strategy, portfolio management of assets.
Programme Structure
Entry Requirements
Training Methodology
Programme Structure
Programme Structure
- Induction
- Real-Life Case Studies
- Final Project
Entry Requirements
Entry Requirements
Participants should have at least 3 years of practical experience in wealth management and/or financial planning related experiences. He/she needs to have pre-requisite knowledge in finance and capital markets.
Training Methodology
This 5-day face-to-face or 10-week online programme is entirely interactive and every participant will be fully participative in group discussion, exercises and case studies. A step-by-step guidance in how to develop, establish and implement an office risk framework will be taught to each participant. Trainer will coach each participant and ensure that each participant is able to execute the FOM framework in addition to the stipulated training hours.
Why study here?
Switzerland is world-renowned for its high-quality educational institutions, and the Swiss Institute of Management and Sciences (SIMS) is no exception. Located in the city of Zug, SIMS provides an array of programmes and courses that are highly respected by employers around the globe. The curriculum at SIMS has been crafted to give students a well-rounded education encompassing every facet of business and management. The courses are rigorous and require hard work, but the rewards are worth it as graduates leave with an understanding of the global marketplace and its associated challenges. SIMS graduates are highly sought after by employers due to their strong analytical skills, problem-solving ability, and cultural awareness. The University has an excellent reputation for placing graduates in top jobs at leading companies worldwide.
