The Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management is a specialized qualification designed for professionals working in family offices, wealth management, or financial advisory services. It offers in-depth knowledge and practical skills for managing the complexities of wealth inheritance, succession planning, and family dynamics in the context of wealth preservation and growth. This Ofqual-regulated qualification is ideal for individuals looking to pursue or advance their careers in managing the financial affairs of high-net-worth families and individuals.
One of the key advantages of the Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management is its focus on both the financial and interpersonal aspects of wealth management. The course covers a broad spectrum of topics, including wealth preservation strategies, tax planning, family governance, estate planning, and legal considerations. Learners also explore the role of the family office in facilitating effective wealth management and ensuring the long-term success of the family’s financial legacy.
The Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management is ideal for professionals who work in family offices, wealth management firms, or financial advisory services. It is suitable for individuals in senior roles such as wealth managers, financial advisors, estate planners, or individuals who manage family offices. The course is also valuable for those who want to specialize in managing wealth transitions, preserving family legacies, and planning for future generations.
The Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management is a prestigious qualification that equips professionals with the essential skills and knowledge required to manage high-net-worth families’ financial affairs. It combines practical financial expertise with an understanding of the unique challenges associated with wealth inheritance and succession planning, offering professionals the opportunity to excel in this specialized field.
Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management
Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management consists of 6 mandatory units having 1200 TQT and 600 GLH. Candidates must complete all of the following Mandatory units.
| Sr# | Unit Title | Credits | GLH |
| 1 | Introduction to Office Management | 20 | 100 |
| 2 | Family Office Portfolio Management | 20 | 100 |
| 3 | Family Office Operations and Practices | 20 | 100 |
| 4 | Investment Opportunities and Strategies for Family Offices | 20 | 100 |
| 5 | Investment Management | 20 | 100 |
| 6 | Risk Management and Insurance | 20 | 100 |
GLH (Guided Learning Hours) and TQT (Total Qualification Time) are terms commonly used in vocational qualifications to help define the amount of time a learner is expected to spend on their studies.
1. GLH (Guided Learning Hours)
GLH refers to the number of hours a learner spends being directly taught, supervised, or supported during their course. This includes the time spent in activities such as:
- Classroom instruction
- Practical workshops
- One-on-one tutoring or mentoring sessions
- Online learning sessions with tutor support
In other words, GLH represents the time that learners are actively engaged with their instructors or learning activities.
2. TQT (Total Qualification Time)
TQT represents the total amount of time a learner is expected to invest in completing a qualification, including:
- GLH (Guided Learning Hours): Time spent on direct learning, as explained above.
- Self-Directed Learning: This includes time spent on independent study, research, assignment completion, preparation for exams, and any other work the learner does outside of direct teaching hours.
TQT is a broader measure that includes all the time required to achieve the qualification. It helps learners and employers understand the overall commitment required for the qualification.
Key Differences Between GLH and TQT:
- GLH focuses on direct learning with guidance or supervision.
- TQT includes GLH as well as independent study time and other learning-related activities.
Example:
If a qualification has a TQT of 600 hours and a GLH of 250 hours, it means the learner should spend 250 hours in direct learning (classroom, online, or tutor-led sessions) and 350 hours on independent study or research.
Learning Outcomes of Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management
Introduction to Office Management
- Understand management principles and techniques for a modern business office.
- Understand the key principles and techniques that align with organisational goals and objectives.
- Understand the key principles of office management and the roles and responsibilities of an office manager.
- Understand quality management systems and their application to office administrative systems and techniques.
Family Office Portfolio Management
- Understand the evolution of family office, its objectives and different operating models.
- Understand the factors that influence the “make” or “buy” decision, selection of advisors and role of technology in family office management.
- Understand transition management and the techniques used to educate and train future family leaders.
- Understand the theoretical backdrop for asset allocation and risks involved in portfolio management.
Family Office Operation and Practice
- Understand principles and techniques involved in valuing family businesses and how to prepare and present a comprehensive business valuation
- Understand latest trends and practices and their impact on the family office industry.
- Understand the importance of family governance and the role it plays in ensuring the success of the family office.
- Understand investment strategies and asset allocation techniques and how family offices implement and monitor their use to achieve investment goals.
Family Office Investment Opportunities and Strategies
- Understand the concept of Impact Investing and its significance in the financial industry.
- Understand the importance of due diligence in the investment process, the different methodologies and their applicability to alternative investments.
- Understand ESG factors and their relevance to investment decision-making and Impact on Investment Process.
- Understand different financing options available to family offices.
Investments
- Understand the principles of portfolio theory and its applications in investment decision making.
- Be able to make informed investment decisions in fixed-income and credit sensitive instruments.
- Understand behavioral finance and its relationship to other theories of behaviour to explain financial markets.
- Understand the concept of market efficiency and the differences between the three forms of market efficiency.
Risk Management and Insurance
- Understand risk management and its objectives and the various tools and techniques used in risk management.
- Understand potential risks and develop appropriate risk management strategies and controls.
- Understand different types of risk and their insurability.
- Understand principles of insurance and the important concepts.
1. In-Depth Knowledge of Wealth Management and Inheritance
The Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management provides a comprehensive understanding of wealth management, inheritance planning, and the complexities of managing high-net-worth families’ financial affairs. Learners gain expertise in wealth preservation strategies, estate planning, tax planning, and family governance, ensuring they are well-equipped to handle the multifaceted nature of family wealth management.
2. Ofqual-Regulated Qualification
As an Ofqual-regulated qualification, this diploma is recognized for its high academic standards and credibility. It meets the rigorous requirements set by regulatory bodies, offering learners a qualification that is respected and valued in the wealth management industry. This enhances the qualification’s recognition and opens up career opportunities in the global financial sector.
3. Practical, Assignment-Based Learning
Unlike traditional exam-based assessments, the diploma is entirely assignment-based, offering a more practical, real-world approach to learning. Learners apply theoretical concepts through assignments, allowing them to demonstrate their skills in wealth management and inheritance planning. This format supports busy professionals who prefer a flexible study schedule while still engaging deeply with the subject matter.
4. Career Advancement Opportunities
The Qualifi Level 7 Diploma is designed to provide professionals with the knowledge and skills to advance to senior roles in wealth management, family office management, and financial advisory services. Graduates can pursue high-level positions, such as wealth managers, estate planners, family office directors, and private bankers, which often come with greater responsibilities and higher earning potential.
5. Specialized Expertise in Family Office Management
This qualification focuses specifically on the intricacies of managing family offices and wealth transitions, an area of growing demand in the financial services sector. Graduates will be equipped with the knowledge to support families in preserving their wealth, managing their estates, and planning for future generations, a valuable skill set for professionals working with high-net-worth clients.
6. Global Recognition and Networking Opportunities
The Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management is recognized internationally, offering graduates opportunities to work with global clients. The diploma provides access to a network of professionals in wealth management, allowing learners to build valuable connections and expand their professional reach.
7. Holistic Approach to Wealth Inheritance
The course addresses not just financial management but also the interpersonal and legal challenges associated with wealth inheritance. Learners develop a holistic understanding of how family dynamics, governance structures, and legal considerations affect wealth management, making them more effective in dealing with complex family financial issues.
8. Enhanced Financial and Strategic Decision-Making Skills
Completing this diploma enhances your ability to make informed, strategic financial decisions for high-net-worth individuals and families. With advanced knowledge in areas such as tax law, estate planning, and wealth preservation, you will be able to craft effective strategies to manage and grow family wealth while minimizing risks.
9. Focus on Long-Term Financial Legacy
This qualification helps learners focus on the long-term preservation of wealth, ensuring that the financial legacy of families is passed down successfully. Graduates will gain the skills to implement succession planning strategies that ensure wealth transitions smoothly across generations, securing the family’s financial future.
10. Personal Growth and Professional Development
Beyond technical financial skills, this course fosters personal growth by refining decision-making, problem-solving, and leadership abilities. Graduates gain the confidence to handle complex family wealth management scenarios and develop into trusted advisors capable of guiding families through challenging financial decisions.
Conclusion:
The Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management offers a range of benefits for professionals looking to specialize in wealth management and inheritance planning. With its practical learning approach, Ofqual-regulated certification, and focus on advanced wealth management strategies, this diploma provides graduates with the skills and knowledge to succeed in senior roles within the family office and wealth management sectors. Whether you’re looking to advance in your career or take on a specialized role in managing family wealth, this qualification opens doors to numerous career opportunities
The Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management is tailored for professionals working in wealth management, family offices, financial advisory, and related fields who are looking to deepen their expertise in managing high-net-worth families’ financial affairs and legacy planning. The ideal learner is someone already involved in managing complex financial portfolios or advising clients on wealth management and inheritance, who seeks to gain advanced knowledge and skills to better serve their clients and advance their career in this specialized area.
The ideal learner typically includes:
- Wealth Managers and Financial Advisors: Individuals currently working in wealth management or financial advisory roles who want to specialize in managing family wealth, inheritance planning, and family office operations. This course provides the advanced knowledge required to advise high-net-worth individuals on complex wealth preservation, succession planning, and tax management strategies.
- Family Office Professionals: Professionals working in family offices or private wealth management firms, including portfolio managers, estate planners, and trust officers, who want to gain a deeper understanding of family office operations, governance, and wealth transition strategies.
- Senior Financial Executives: Senior professionals in financial institutions, banks, or wealth management firms who aim to expand their skill set in managing multi-generational wealth and overseeing the smooth transition of family assets from one generation to the next.
- Estate Planners and Tax Advisors: Professionals with a background in estate planning, tax advising, or legal services who wish to expand their knowledge of family governance structures, wealth management strategies, and legal considerations in wealth inheritance.
- Individuals with Level 6 Qualifications or Equivalent Experience: Learners should ideally hold a Level 6 qualification (such as a Level 6 Diploma, degree, or equivalent) or have substantial experience working in wealth management, financial planning, or a related field. This ensures that learners have a foundational understanding of financial concepts and are prepared for the advanced content covered in this qualification.
- Aspiring Leaders in Wealth Management: Individuals who aspire to take on senior leadership roles in wealth management, family office management, or private banking. The course is ideal for those looking to build a long-term career in these sectors and gain the expertise needed to manage sophisticated financial portfolios.
The Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management is best suited for experienced professionals in wealth management, financial planning, or family office operations who want to specialize in managing the financial affairs of high-net-worth families. Learners should be motivated to gain advanced strategic knowledge, enhance their leadership skills, and further their careers in this high-demand sector.
Entry Requirements
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Qualification Process
Qualification Process for the Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management
- Self-Assessment:
Begin by evaluating your eligibility to ensure you meet the qualification requirements, including work experience, knowledge, and language proficiency. - Registration:
Complete your registration by submitting the required documents, including a scanned copy of a valid ID, and paying the registration fee. - Induction:
An assessor will conduct an induction to confirm your eligibility for the course and explain the evidence requirements. If you do not meet the criteria, your registration will be canceled, and the fee will be refunded. - Assignments & Evidence Submission:
Provide all assignments and the necessary evidence based on the assessment criteria outlined in the course. If you are unsure of the required evidence, consult with the assessor for guidance on the type and nature of evidence needed. - Feedback and Revision:
The assessor will review your submitted evidence and provide feedback. Evidence that meets the criteria will be marked as “Criteria Met,” while any gaps will be identified. You will be asked to revise and resubmit if needed. - Competence Evidence:
Submit final evidence demonstrating that all learning outcomes have been met. This evidence will be marked as “Criteria Met” by the assessor once it is satisfactory. - Internal Quality Assurance (IQA):
The Internal Quality Assurance Verifier (IQA) will review your evidence to ensure consistency, quality, and compliance with standards. - External Verification:
The IQA will submit your portfolio to Qualifi’s External Quality Assurance Verifiers (EQA) for final confirmation. The EQA may contact you directly to verify the authenticity of your evidence. - Certification:
Upon successful completion of all checks, Qualifi will issue your official certificate, confirming that you have attained the Qualifi Level 7 Diploma in Family Office and Wealth Inheritance Management.
