Completed IBF Standards Wealth Advisory Private Banking Level 1 programme or show proof of competency at Level 1;orPossess minimum 3 years of relevant working experience in private banking
Apply knowledge of the wealth advisory products and wealth advisory investment concepts suitable for high net worth clients to meet stated wealth advisory objectives.
Apply knowledge of relevant laws and regulations to compliance requirements in carrying wealth advisory activities for high net worth clients.
Source and acquire new high net worth clients.
Perform acceptance checks and on-boarding of high net worth clients, including those with complex needs, in accordance with established policies and procedures, and represent business in resolving compliance matters to on-boarding.
Advise high net worth clients on their investments needs by analysing their complex financial needs and objectives, designing suitable customised financial solutions and reviewing client accounts periodically to ensure client needs and objectives are met.
Perform ongoing servicing of complex high net worth client accounts to promote the mindset of service excellence and extending private banking and related services provided by the financial institution.
Assist Wealth & Estate Planning specialist in advising high net worth clients on their complex wealth and estate planning needs.
Exemption for this Competency Unit available upon completion of the IBF Standards: Trust Administration/Wealth and Estate Planning (Level 2) - CU 2.
Manage relevant organisational risks arising from wealth advisory and investment activities of high net worth clients.