Certified Affluent Wealth Adviser (CAWA)

On this page

Certified Affluent Wealth Adviser (CAWA)

Programme Overview

This Certified Affluent Wealth Adviser (CAWA) programme is designed as a pioneering programme for wealth or insurance advisers serving the affluent segment (suggested AUM of SGD$350k – SGD$1.5 mil). A mix of changing client-adviser expectations amidst increased digital adoption have combined to put pressure on the traditional approaches adopted by a wealth or insurance adviser.

The shift away from a product-centric model to one that focuses on the client’s financial and investment planning needs means that wealth or insurance advisers must adapt and rise to the challenge of supporting their clients more holistically in the new era.

This programme has been developed to help participants adopt a differentiated approach to their client interactions. Through this programme, the wealth or insurance adviser will understand how to profile their customers and recommend appropriate solutions to them. They will learn how to approach affluent clients using insurance solutions as a means for wealth transfer, wealth diversification, and accumulation.

Learning Outcomes

Client Profiling and Solution Recommendation: Participants will learn how to effectively profile affluent clients and recommend appropriate financial and insurance solutions tailored to their needs.
Holistic Client Support: Participants will understand the importance of shifting from a product-centric model to a client-centric approach, focusing on comprehensive financial and investment planning.
Adapting to Digital Adoption: Participants will gain insights into how changing client-adviser expectations and increased digital adoption impact traditional advisory approaches, and how to adapt to these changes.
Wealth Transfer and Diversification: Participants will learn strategies for using insurance solutions to facilitate wealth transfer, diversification, and accumulation for affluent clients.
Differentiated Client Interactions: Participants will develop skills to adopt a differentiated approach in their client interactions, enhancing their ability to meet the unique needs of affluent clients.
Enhanced Client-Adviser Relationships: Participants will gain a deeper understanding of how to build and maintain strong, trust-based relationships with affluent clients by addressing their specific financial concerns and goals.

98%

Rated the trainer as prepared, knowledgeable, and experienced.

97%

Met their expectations and reason for attending.

100%

Would recommend this programme to others.

Source: Post-programme surveys conducted in 2022 and 2023.

Who Should Attend

Useful Links

Download programme brochure

Download now

Certification

Participants who successfully complete the programme will be awarded:

Fees and Funding

Certification
Modules	Full Fees (S$)	Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$)
Before GST	After GST	Company-Sponsored	Self-Sponsored

Fees and Funding

Certification
Modules	Full Fees (S$)	Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$)
Before GST	After GST	Singaporean Aged Below 40 / PR	Singaporean Aged 40 & Above

Fees and Funding

Certification
Modules	Fees after Subsidy (incl. of GST)	Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$)

Certification
Category

²


¹		Not Applicable

¹ For Singaporeans aged 40 and above, you are eligible to utilise the SkillsFuture Credit (Mid-Career) further to offset your course fee after the IBF subsidy.

² Fees shown are after IBF-STS funding assuming students meet the minimum academic standards outlined by IBF and are physically based in Singapore. The fees are also subject to IBF accreditation approval for all modules.

Fees and Funding

Certification
Modules	Full Fees (S$)	Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$)
Before GST	After GST	Singaporean Aged Below 40 / PR Company Sponsored/Self Sponsored	Singaporean Aged 40 & Above Company Sponsored/Self Sponsored
Singaporean Aged Below 40 / PR
Company Sponsored/Self Sponsored
Singaporean Aged 40 & Above
Company Sponsored/Self Sponsored
Certified Affluent Wealth Adviser	2,500.00	2,725.00	1,475.00	975.00

Fees and Funding

Certification
Core Modules	Full Fees (S$)	Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$)
Before GST		Singaporean Aged Below 40 / PR	Singaporean Aged 40 & Above
Company Sponsored/Self Sponsored	Company Sponsored/Self Sponsored

Note:

The courses have been accredited under the Skills Framework for Financial Services and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.

Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.

The IBF-STS is available to eligible entities and individuals based on the prevalent funding eligibility, quantum and caps. IBF-STS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S3,000 per candidate per course subject to all eligibility criteria being met. Find out more on www.ibf.org.sg

The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.

In addition to Course Fees, each participant will also be charged a non-refundable and non-claimable application fee of S$85 (including GST).

This programme is pending accreditation by the Institute of Banking and Finance (IBF). When accredited, Singaporeans and Permanent Residents will be eligible for funding support of up to 70% course fee subsidy under the IBF Standards Training Scheme (IBF-STS).

Fees shown are after IBF-STS funding. Subsidised fees apply upon participants’ successful completion of the programme, which includes (i) fulfilling minimum attendance requirements and (ii) passing all relevant assessments.

Subsidies are subject to change by IBF and fees will be adjusted based on prevailing funding rates. Click here to read more about funding support for IBF-STS, and terms & conditions governing registration, payment, cancellation, deferment and no-show.

The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.

Schedule

Modules

Modules
Modules

Modules
Modules

Modules
Modules

FAQs

Testimonials

Bryant Tay

Wealth Management Principal

AIA International Wealth

WMI was our first choice when introducing Affluent and High-Net-Worth training content to a wider audience. Their industry expertise and access to top practitioners enabled us to deliver high-quality content efficiently, ensuring a seamless integration of knowledge into practice. The result was two days of insightful learning and immersive role-play, challenging participants to push the boundaries of client engagement.

Shirley Lim-Yam

Private Client Advisor

Prudential Assurance Company Singapore

As a Private Client Advisor, I highly endorse this programme. It offers valuable insights and diverse perspectives on excelling in the high-net-worth (HNW) space. What truly sets it apart is its emphasis on soft skills—equipping advisers to build meaningful relationships with HNW clients and addressing a critical gap in the industry.