Certified Private Banker (CPB) Level 1 – Ethical Conduct
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Programme Overview
These IBF-STS accredited fully online modules promote a paradigm shift towards a “conduct culture” instead of a “compliance culture”. Co-developed with the CFA Institute, the learner will gain valuable insights on how to resolve challenging ethical dilemmas using their Ethical Decision-Making Framework.
Modules
These IBF-STS accredited fully online modules promote a paradigm shift towards a “conduct culture” instead of a “compliance culture”. Co-developed with the CFA Institute, the learner will gain valuable insights on how to resolve challenging ethical dilemmas using their Ethical Decision-Making Framework.
CPBL1 – Ethical Conduct
Covered Persons operate in an environment where the ethical boundaries between clients, advisors, managers and peers are constantly evolving.
Using the regulatory framework, the Private Banking Code of Conduct, as a foundation, the Covered Person must build their value systems and personal code of conduct.
Doing so will allow them to exercise integrity, professionalism, competence and care when managing client relationships.
Total Training Duration / CPD Hours: 4
Core FAA CPD: 4
Core SFA CPD: 4
Online Hours: 4
CPBL2 – Ethical Conduct
Building on CPBL1, this module focuses on commonly faced ethical dilemmas in the wealth management industry through case studies. Partnering with Dr Mary Gentile from Darden University, a key component of this module is the innovative “Giving Voice to Values” (GVV) approach to values-driven development. The GVV curriculum will offer skills and tools for handling these dilemmas in the workplace in an authentic and results-oriented way.
Total Training Duration / CPD Hours: 4
Core FAA CPD: 4
Online Hours: 4
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Who Should Attend
The Level 1 programme is designed for professionals with less than 3 years of experience in Private Banking (or serving the HNW client segment):
- Client Advisors, Relationship Managers, Assistant Relationship Managers and all other Covered Persons
- Private Client Relationship Managers, Senior Priority Relationship Managers in Consumer or Retail Banking
- Insurance Advisors, Financial Consultants and Independent Financial Advisors
- Product and Investment Specialists
New entrants and mid-career switch professionals should complete the CACS assessment before starting with the Level 1 programme.
The Level 2 programme is designed for professionals with 3 years or more of experience in Private Banking (or serving the HNW client segment).
- Client Advisors, Relationship Managers, Assistant Relationship Managers and all other Covered Persons
- Private Client Relationship Managers, Senior Priority Relationship Managers in Consumer or Retail Banking
- Insurance Advisors, Financial Consultants and Independent Financial Advisors
- Product and Investment Specialists
Mid-career switch professionals should first complete the CACS Examinations and start with the Level 1 programme before embarking on Level 2.
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Certification
Participants who successfully complete the programme will be awarded:
Fees and Funding
| Modules | Full Fees (S$) | Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | ||
|---|---|---|---|---|
| Before GST | After GST | Company-Sponsored | ||
| CPBL1 – Ethical Conduct | 300.00 | 321.00 | 51.00 | 32.05 |
| CPBL2 – Ethical Conduct | 300.00 | 321.00 | 51.00 | 32.05 |
Fees and Funding
| Modules | Full Fees (S$) | Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | ||
|---|---|---|---|---|
| Before GST | After GST | Singaporean Aged Below 40 / PR | Singaporean Aged 40 & Above | |
| CPBL1 - Ethical Conduct | 300.00 | 321.00 | 81.00 51.00 | 64.20 32.10 |
| 81.00 | 51.00 | |||
| 64.20 | 32.10 | |||
| CPBL2 - Ethical Conduct | 300.00 | 321.00 | 81.00 51.00 | 64.20 32.10 |
| 81.00 | 51.00 | |||
| 64.20 | 32.10 |
Fees and Funding
| Modules | Fees after Subsidy (incl. of GST) | Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) |
|---|
| Category | |||
|---|---|---|---|
| 2 | |||
| 1 | Not Applicable | ||
1 For Singaporeans aged 40 and above, you are eligible to utilise the SkillsFuture Credit (Mid-Career) further to offset your course fee after the IBF subsidy.
2 Fees shown are after IBF-STS funding assuming students meet the minimum academic standards outlined by IBF and are physically based in Singapore. The fees are also subject to IBF accreditation approval for all modules.
Fees and Funding
Modules | Full Fees (S$) | Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | |
|---|---|---|---|
| Before GST | After GST | Singaporean Aged Below 40 / PR Company Sponsored/Self Sponsored | Singaporean Aged 40 & Above Company Sponsored/Self Sponsored |
| Singaporean Aged Below 40 / PR | |||
| Company Sponsored/Self Sponsored | |||
| Singaporean Aged 40 & Above | |||
| Company Sponsored/Self Sponsored |
Fees and Funding
Core Modules | Full Fees (S$) | Fees after subsidies inclusive of GST (With effect from 1 Jan 2023) (S$) | ||
|---|---|---|---|---|
| Before GST | Singaporean Aged Below 40 / PR | Singaporean Aged 40 & Above | ||
| Company Sponsored/Self Sponsored | Company Sponsored/Self Sponsored | |||
| CPBL1 – Ethical Conduct | 300.00 | 324.00 | 174.00 | 114.00 |
| CPBL2 – Ethical Conduct | 300.00 | 324.00 | 174.00 | 114.00 |
| TOTAL | 600.00 | 648.00 | 358.00 | 228.00 |
Note:
In addition to Course Fees, each participant will also be charged a non-refundable and non-claimable application fee of S$85 (including GST).
Click here to read more about the 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.
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.
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