Private Banking
Summary:
What is private banking?
Private banking services
Private bank vs retail bank
Why choose a private bank?
Who can benefit from private banking services?
How to choose a private bank?
What are the costs associated with a private bank?
What is private banking?
Private banking is a high-end banking activity dedicated to managing the wealth of affluent individuals. It targets HNWI – High Net Worth Individuals and UHNWI – Ultra High Net Worth Individuals, offering personalized support to manage, optimize, and transfer their wealth, whether financial, real estate, or business-related.
Private banking services
A private bank does more than just maintain accounts. It offers a full range of personalized financial services, including:
Portfolio management and tailored investments: stocks, bonds, mutual funds, ETFs, multi-asset strategies.
Exclusive investments: luxury real estate, private equity, works of art and collectibles, international markets.
Support with tax and estate planning: inheritance and asset protection.
Customized financing and loans: tailored mortgage loans, financing acquisitions or business projects.
Comprehensive and confidential support: a dedicated private banker monitors your situation, ensures confidentiality, and offers bespoke solutions.
Intergenerational planning: organizing wealth transfer and setting up suitable family structures.
International services: multi-currency account management, access to foreign investment opportunities, international tax advice.
Private banking vs Retail banking
The difference between a private bank and a retail bank is significant:
Target clientele: private banking serves affluent individuals, while retail banking caters to the general public.
Level of personalization: customized financial services, tailored investment strategies, and advanced wealth planning advice.
Client relationship: dedicated private banker, confidential support, and long-term relationship.
Exclusive products: access to exclusive financial and real estate investments, private equity, art, international markets.
Discretion and security: enhanced confidentiality in all operations and advice.
Retail banking | Private banking |
|---|---|
Comprehensive, accessible services for everyday needs (current account, bank card, loans, savings) | Tailored solutions for affluent clients |
Support for simple and efficient day to day financial management | Advanced wealth management expertise and bespoke advice |
Standard personalised service based on client needs, with proximity and responsiveness | Bespoke support from a dedicated private banker |
Products designed for a broad customer base, promoting financial inclusion | Exclusive investments, private equity, luxury real estate |
Standard confidentiality and data security requirements | Reinforced confidentiality and maximum discretion |
Choosing a private bank allows you to:
Preserve and grow your wealth over the long term through tailored investment strategies.
Access personalised expertise in taxation, estate planning, and portfolio management.
Benefit from exclusive financial products and unique investment opportunities.
Prepare intergenerational wealth transfer with bespoke estate planning solutions.
Enjoy international, confidential, and continuous support from a dedicated advisor.
Who can benefit from private banking services?
Private banking primarily targets:
Affluent individuals with significant personal wealth.
Business owners seeking to manage and enhance their professional and private assets.
Families wishing to organise the protection and transfer of their wealth.
Each institution defines its own eligibility criteria, generally based on assets under management.
How to choose a private bank?
When selecting a private bank, it is important to consider:
The bank’s reputation and financial strength.
The range of services offered and how well they match your needs (portfolio management, private equity, real estate, estate planning).
The quality of client support and availability of experts.
Fees and terms associated with services (management fees, commissions, advisory fees).
What are the costs associated with private banking?
Costs vary depending on the bank and chosen services, generally including:
Account management and wealth management fees.
Commissions on certain financial products and exclusive investments.
Fees for specialised advice, particularly in tax or estate matters.
In summary – Private banking
Private banking offers personalised support to manage and transfer the wealth of affluent individuals.
Key services: bespoke portfolio management, exclusive investments, legal and tax advisory, estate planning.
Main difference from retail banking: personalisation, discretion, exclusive products.
Typical clients: affluent individuals, business owners, families.