The move is an example of the kind of professional certification and accreditation programs that exist in the wider wealth management arena.

The Luxury Institute, a US-based organization that tracks and represents the luxury sector, has launched a Private Client Professional (PCP) certification.

The Institute’s proprietary online relationship building skills education program is offered to client-facing professionals in financial services and wealth management firms, multi-family offices and family offices teams who serve HNW clients. 

The course is designed with a 100 per cent instructional video followed by open-ended activities designed for individual reflection and assessment. When the course is complete, participants receive downloadable tools to execute the course learnings daily. A signed Certificate of Completion by Luxury Institute CEO Milton Pedraza is provided, which is valid for 12 months. 

“Luxury Institute’s PCP Certification will keep financial services and wealth management firms highly competitive and empower team members to master the emotional intelligence and client relationship-building skills the global market needs in months and years to come,” the group said in a statement yesterday.