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Brochure (pdf)

Swiss Cross-Border Wealth Management Certification for Independent Asset Managers

Introduction

This certification program conveys the knowledge on domestic taxation and domestic markets necessary for Independent Asset Managers with international clients. Offered jointly by the Centro di Studi Bancari and the Swiss Finance Institute, the program is organised by country. Currently, the following countries are available: Germany, France and Italy.


Objectives

The recently issued authoritative strategic guidelines of both FINMA and the Swiss Federal Council are profoundly changing the activities of external managers who, in order to remain competitive, must add to their mastery of the new regulatory and tax requirements of their clients’ countries of origin a detailed knowledge of the economic and business environment. Such complementary skills related to regulation, taxation, and clients’ local market environments enable external managers to seize new business opportunities while protecting their own existing portfolios under management, to enhance the quality of their advice, and to surpass the services provided by foreign competition.

In response to these new requirements, the Swiss Cross-Border Wealth Management Certification for Independent Asset Managers, jointly issued by the Centro di Studi Bancari and Swiss Finance Institute, has been created specifically to promote the proper and effective expertise of the Swiss independent asset manager with regards to foreign clients. This year, three certification programs are being offered, one each focusing on the markets of Italy, Germany, and France, and being held, respectively, in the financial centers of Lugano, Zurich, and Geneva.


Target Audience

The program is targeted at independent asset managers with international clients.


Program Sequencing

The program consists of a foundation module common to all markets, followed by a market-specific module for which participants can select which markets they wish to study.

The foundation is proposed in the form of self-study and addresses the legal and taxation principles that apply to all jurisdictions. The pre-reading material will be made available in English, French, Italian and German.

The foundation module is followed by three market-specific modules, which last in total 2 days.

Approximately two weeks after the classroom phase participants sit for a final exam in the form of a one-hour multiple choice questionnaire, which encompasses both the foundation and the country-specific module Successful candidates are then awarded the certification for their chosen country or countries; for example the "Swiss Cross-Border Wealth Management Certification for Independent Asset Managers - Market Germany".


Refresher Courses

To maintain the certification jointly issued by Swiss Finance Institute and the Centro di Studi Bancari, the certification holder is required to take refresher courses (on average once a year) aimed at providing a more in-depth review of the major legal and tax changes relevant to the market in question. These courses are announced in a timely manner to certification holders.


Fee

The fee for the complete program (foundation + country-specific modules) for a single market is CHF 3,190 per participant. For participants who qualify for an exemption from the foundation module (for example, those who have already taken this module) the fee for the market-specific modules of 2 days for one country is CHF 2,400.

Member banks of the Swiss Banking Association pay reduced fees of CHF 2,870 per participant for the complete program and CHF 2,160 per participant for the market-specific modules for one country. A further progressive discount is granted to banks enrolling more than 10 participants into the full program.

Fees cover tuition , course material, final exam, and refreshments during coffee breaks, but do not include lunches, dinners, hotel, and travel expenses.