Family D · Wealth and private banking · Coming soon
Private Banking Certification · Level I (Banca Patrimonial)
Where the account executive becomes a private banker.
Learn. Apply. Profit.
Notice
Upcoming certification. It carries no regulatory recognition, does not inherit the designation of the Institute's current certifications before CONSAR and CNSF, and does not replace AMIB's Figure 3 certification or any other certification the law requires for dealing in the securities market. Modules and hours come from the program calendar; domains and their weights are indicative, and the exam format is published before the first sitting.
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01 — ABSTRACTPrivate Banking Certification · Level I (Banca Patrimonial)
Latin America is home to roughly 587,000 high-net-worth individuals holding USD 9.2 trillion in assets; Brazil and Mexico dominate that figure. That wealth enters the bank through one specific rung: the executive who profiles, proposes and explains. For that rung there is no professional credential in Spanish today that goes beyond the regulatory minimum for dealing in securities. The Private Banking Certification · Level I (Banca Patrimonial) exists to set the standard where the client relationship begins.
The certification attests to the body of knowledge of the entry-level private banker: foreign exchange, fixed income, equities and hedging derivatives; the reading of economic indicators; holistic client profiling and portfolio construction; insurance and basic taxation; regulation, compliance and ethics; and the executive communication through which all of it is explained to a client. The exam is built, audited and administered by the RiskMathics Certificate Institute. The 150-hour preparation program is delivered by the Private Wealth Management Institute.
For the professional, it is a verifiable credential at the start of a career and the floor for Level II. For the institution, it is an objective cut-off for promotion to private banker and a way to standardize the quality of advice before the client puts it to the test. The certification carries no regulatory recognition and replaces none of the certifications required by law: it attests to competence, and it does so by examination.
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02 — INDUSTRYWhat is happening in the industry
The wealth is there; the credential is not. Latin America is home to roughly 587,000 high-net-worth individuals holding USD 9.2 trillion in assets, with Brazil and Mexico in the lead. Mexico's CNBV registry of investment advisers lists 154 registrants; the rest of wealth advice is delivered by unregistered executives at banks and brokerage houses, whose usual accreditation is the regulatory minimum for dealing in securities, not a professional standard for wealth advice.
The handover has already begun. Nearly half of the world's relationship managers (48%) are expected to retire by 2040, and the intergenerational wealth transfer estimated through 2048 exceeds USD 124 trillion. Some 81% of heirs plan to switch advisory firms within one to two years of inheriting. The next generation of clients will be served by the next generation of bankers; the standard is set at the entry level or it is not set at all.
Inside the banks, the competencies of the wealth executive are already graded by level. Premier banking knowledge maps distinguish basic, intermediate and advanced command of macroeconomics, financial analysis, portfolio management, taxation, markets and local regulation. What is missing is an external test, the same for everyone, that certifies the basic level has been mastered rather than merely attended. That is the function of this certification.
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03 — WHYWhy this certification
The quality of private banking is decided at the first level of service, and that level has no verifiable professional standard in Spanish today. AMIB's Figure 3 certification is the requirement the regulation sets for advising in the securities market: a regulatory minimum, not a professional standard for wealth advice. This certification is defined by what it adds to that minimum: the client's insurance, his or her taxation as an individual, holistic profiling and the conversation in which all of that is explained, measured by an exam built by domain and by cognitive level.
It is also a career design. Level I is the common floor; Level II (Advanced), with a 225-hour program, carries it forward into hedging, alternatives, trusts and family governance. An institution that adopts the ladder gains competencies that speak the same language across every branch, region and product team, and an external criterion for each promotion.
- One body of knowledge covering what the wealth executive uses every day: markets, client, portfolio, protection, legal framework and communication.
- An exam independent of the program: anyone who already commands the syllabus can certify without enrolling.
- Items built at levels 1, 2 and 3 of Bloom's taxonomy: what is remembered, what is understood and what can be applied.
- A 150-hour preparation program from the Private Wealth Management Institute, mock exams included.
- A clear ladder: Level I and Level II of the Private Banking Certification, with the Private Wealth Management Certification as the path of the private banker and the family office, all prepared by the same institute.
- A credential of competence, complementary to the certifications required by law; it neither implies nor replaces any regulatory recognition.
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04 — OUTCOMESWhat it prepares for
- 01
Read a yield curve, an exchange rate and an inflation report, and explain to a client what they imply for a portfolio.
- 02
Distinguish bank notes (pagaré), Cetes, Bonos M and Udibonos, and fixed-income funds and ETFs, with their interest-rate and credit risks.
- 03
Explain the basic use of forwards, futures, options and swaps as hedges, and describe the risks a client takes on in a structured note.
- 04
Profile a client holistically (risk tolerance, horizon, liquidity and know-your-client) and document why a product is suited to that profile.
- 05
Build and rebalance a portfolio diversified across asset classes, consistent with the client's profile, and follow up on its performance with the client.
- 06
Identify the basic insurance and tax obligations of an individual in Mexico and their effects on wealth.
- 07
Apply anti-money-laundering, know-your-client and conflict-of-interest controls in the daily relationship.
- 08
Present an investment proposal with structure, clarity and command of objections.
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05 — INSTITUTIONSThe cut-off line
An institution that requires the certification before promoting an executive to private banker gains an external test that is the same for everyone: one syllabus, one item recipe, one threshold. Promotion stops depending on each manager's internal assessment and rests instead on a standard the market can verify.
It also lowers the cost of early mistakes. The executive who misprofiles a client, promises returns he or she does not understand, or overlooks a tax obligation costs clients and reputation. An entry-level credential does not remove that risk; it bounds it before the client discovers it.
- An objective criterion for promotion from premier executive to private banker.
- A common language across branches, regions and product teams.
- A verifiable basis for assigning more complex books and for progression to Level II.
- A signal to the client: the banker serving them met an external standard, not merely an internal course.
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06 — PROFILEWho it is for
Who it is for
- Premier, wealth or preferred-account executives in their first years of advisory work.
- Holders of AMIB's Figure 3 seeking a wealth framework broader than securities dealing.
- Product, risk or support professionals moving into the private banking front line.
- Recent graduates in economics, finance, actuarial science or business entering private banking at entry level.
Who it is not for
- Senior private bankers, heads of private banking or family office executives: their path is Level II or the Private Wealth Management Certification.
- Anyone who needs the certification the law requires to deal in securities: this credential does not replace AMIB's Figure 3 or any regulatory certification.
- Anyone seeking quantitative depth in derivatives or valuation: that path is the Financial Derivatives Specialist.
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07 — KNOWLEDGEBody of knowledge
Seven domains drawn from the twelve modules of the preparation program. Weights are indicative: they are each domain's share of the hours in the 2026 calendar. The exam weighting is published with the definitive blueprint, before the first sitting.
01Foreign exchange and fixed income22% · 32.5 h
- Base and quote currency; exchange-rate formation and market consensus
- Currency hedging instruments: forwards, futures, options and funds
- Structure of the debt market: issuers, primary and secondary markets, the yield curve
- Bank notes (pagaré), Cetes, Bonos M, Udibonos, corporates and eurobonds; fixed and floating rates
- Fixed-income funds and ETFs; interest-rate and credit risk
- Banxico and central-bank policy and its effect on bonds
02Equities and hedging derivatives23% · 35 h
- Equity market structure and price formation
- Investment styles and reading fundamentals: dividends, cash flows and valuation
- Equities, FIBRAs, TRACs and ETFs; access to international markets from Mexico
- Forwards, futures, options and swaps: basic uses; OTC versus listed
- Portfolio hedges with options: downside protection and the cost of the hedge
- Introduction to structured notes and products in wealth management
03Economic indicators and reading the cycle8% · 12.5 h
- GDP, inflation, rates, exchange rate and employment: definition and measurement
- Fiscal and monetary policy: the tools of governments and central banks
- How macroeconomic variables move debt and equity markets
- From the data point to the portfolio: the effect of the cycle on client portfolios
04Client profiling and portfolio construction18% · 27.5 h
- Types of high-net-worth clients and their expectations
- Risk profile, horizon and liquidity needs; know-your-client
- The right product for each profile and horizon; saving versus investing
- Asset classes, diversification and correlations
- Strategic and tactical allocation; active and passive management
- Mutual funds and ETFs as building blocks
- Rebalancing, performance follow-up and client reporting
05Insurance, basic risk and taxation10% · 15 h
- Life insurance with a savings component and key-person cover
- Major medical and liability cover within the family risk map
- Mexico's key taxes: income tax, VAT and capital gains
- Tax obligations of individuals, the tax certificate and the taxation of investment products
- Nearshoring: tax effects for clients and family businesses
06Regulation, compliance, ethics and executive communication12% · 17.5 h
- Anti-money-laundering and counter-terrorist-financing controls
- Know-your-client and beneficial ownership
- The investment adviser framework and AMIB certifications
- Conflicts of interest and professional ethics in advice
- Structuring a client presentation and handling objections
- Professional image and executive communication
07Capstone: cases, role plays and group practice7% · 10 h
- An end-to-end profiling and portfolio proposal case
- A simulated client conversation during a market move
- Review of a proposal from a compliance and tax standpoint
- Presenting and defending the recommendation
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08 — TWO PRODUCTSPreparation program · Certification exam
Preparation program
Preparation program
Program delivered by Private Wealth Management Institute
The Private Wealth Management Institute, the group's institute for private banking and wealth, delivers the executive program that prepares candidates for the exam: twelve modules, sixty sessions and 150 hours over six months, covering the full syllabus and including mock exams built to the same recipe as the exam. Completing it is not a requirement for sitting the exam; it is the most direct route. Its motto states the method: Learn. Apply. Profit.
Programa Ejecutivo de Banca Patrimonial Holística · Nivel I (Entry Level)
150 hTwelve modules in 2.5-hour sessions on Mondays and Wednesdays, plus Fridays on alternate weeks, from 18:00 to 20:30, Mexico City time, over six months. The calendar observes CNBV non-working days. Delivery mode (online or in person) and fee to be confirmed.
- All twelve modules of the body of knowledge, from foreign exchange to the capstone
- Mock exams built to the exam recipe: the same domains, the same Bloom levels
- Cases, role plays and group practice in the closing module
- A session-by-session published calendar, with CNBV non-working days observed
2026 calendar: 22 June to 11 December, 60 sessions of 2.5 h. The next cohort and the program fee are published by the Private Wealth Management Institute.
Certification exam
Certification exam
Built, audited and administered by the RiskMathics Certificate Institute, a third party independent of the institute that prepares and of the candidate's employer. It may be taken with or without having completed the program. It measures the full body of knowledge, not attendance.
If the candidate does not pass
The Certification Board is defining the failure and retake policy: how many attempts each window allows, the minimum wait between them, the fee for sitting the exam again and what happens to levels already passed. It is published here as soon as it is approved; in the meantime, the figures may be requested at growth@riskmathics.com. Exam governance →
Items are written at levels 1, 2 and 3 of Bloom's taxonomy: remember, understand and apply. Every exam form follows a fixed recipe by domain and by level, so that any two candidates face the same demand. Bloom's Taxonomy →
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09 — MOCK EXAMSMock exams
The program's mock exams are built to the exam recipe: the same proportion of items by domain and by Bloom level (1, 2 and 3), with no higher levels. They are not reviews; they are rehearsals of the instrument.
They are taken within the program, before the participant registers for a sitting. Results are reported by domain and by cognitive level, so that the gap is known to lie in remembering, understanding or applying.
- Items written for the program, separate from the exam item bank.
- Reporting by domain and by Bloom level.
- Reference threshold to be confirmed until the exam's passing score is published.
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10 — PATHLearning path
- Block 1
Markets: currencies, debt and equitiesModules 1 to 3 · 47.5 h · June to August (2026 calendar)
Foreign exchange, fixed income and the equity market. Participants learn to read prices, rates and exchange rates before recommending anything.
- Block 2
Hedging, the economy and the clientModules 4 to 6 · 40 h · August to September (2026 calendar)
Derivatives as hedges, analysis and interpretation of economic indicators, and holistic client profiling. From the market to the person.
- Block 3
Portfolio, insurance and taxationModules 7 to 9 · 35 h · September to November (2026 calendar)
Fund and portfolio construction, insurance and basic risk management, basic Mexican taxation and nearshoring. The complete proposal, with its protection and its tax bill.
- Block 4
Communication, regulation and capstoneModules 10 to 12 · 27.5 h · November to December (2026 calendar)
Public speaking and executive communication, regulation, compliance and ethics, and the capstone of cases, role plays and group practice, which closes the program together with the mock exams.
- Exam
CertificationDate to be confirmed
Registration for a date on the Institute's calendar; open with or without the program. Once the exam is passed, the next rung is the Private Banking Certification · Level II (Banca Patrimonial).
Investment
11Program and exam, priced separately
Two products, two fees. The program is delivered by the Private Wealth Management Institute; the exam is administered by the RiskMathics Certificate Institute. Neither figure includes the other. The exam fee is stated in US dollars plus the applicable tax; payment terms are published with the call for registration.
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12 — FAQFrequently asked questions
Is the program required in order to sit the exam?
No. The exam is open with or without the program. The program covers the full syllabus and includes mock exams; it is the most direct route, not a requirement.
How does this certification differ from AMIB's Figure 3?
Figure 3 is the certification the regulation requires for advising in Mexico's securities market, and it covers portfolio, derivatives and risk from that standpoint. This credential does not replace it and carries no regulatory recognition: it attests to the body of knowledge of entry-level private banking, which adds insurance, the individual's taxation, holistic profiling, compliance and client communication. They are complementary.
How does it relate to Level II and to the Private Wealth Management Certification?
The Private Banking Certification has two levels. Level I attests to the fundamentals; Level II (Advanced) takes them to their applied version, with a 225-hour program, and presupposes the Level I fundamentals; its formal prerequisites are to be confirmed. The Private Wealth Management Certification is the certification of the private banker, the wealth adviser and the family office, with three levels of its own. All three preparation programs are delivered by the Private Wealth Management Institute.
How many items does the exam have, and what is the passing score?
To be confirmed. The number of items, the duration and the passing score are published with the definitive blueprint, before the first sitting. What is already fixed is the method: items at levels 1, 2 and 3 of Bloom's taxonomy and a fixed recipe by domain, identical for every candidate.
In what language are the program and the exam delivered?
The program is delivered in Spanish, with the English technical terminology used in practice. The exam language is to be confirmed; it is expected in Spanish, and an English version would be announced on this site.
When is the first exam, and how is information requested?
The first exam date is to be confirmed. The certification is in upcoming status: the preparation program already has a calendar, and the exam date will be announced on this site. Enquiries to growth@riskmathics.com or +52 55 55 36 35 97 ext. 2023.
Private Banking Certification · Level I (Banca Patrimonial)
Where the account executive becomes a private banker.