Private Banking


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Private Banking

Banking services offered to high net-worth individuals. Private banking services are largely related to asset management; that is, a private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees. Private banking combines some of the services of a brokerage with normal banking services. Importantly, high net-worth individuals have some investment vehicles open to them that are prohibitively expensive for other investors, notably hedge funds. Some private banks allow clients who invest $50,000 or more, but others require a minimum investment of $500,000.
References in periodicals archive ?
Through its private banking franchise, the firm delivers customized wealth management advice and solutions to wealthy individuals and their families, leveraging its broad capabilities in investing, tax and estate planning, family office management, philanthropy, credit, fiduciary services and special advisory services to help its clients advance toward their own particular goals.
Erste Private Banking covers the full spectrum of wealth management services through a broad regional footprint in CEE operating in six countries (Austria, Croatia, Czech Republic, Hungary, Romania and Slovakia).
We are extremely confident that Falcon Private Bank is the best match to continue building on our team's successful private banking business in Central and Eastern Europe.
I am excited to be taking on this new challenge, and to be part of a dynamic private banking business intent on delivering further growth," said Gerber.
In order to better understand the money laundering issues related to private banking, it would be very useful to first provide you with some background information on what we consider to be private banking and the way in which private banks operate.
Although Bank One has had private banking in place since 1985, "it had not been an activity that received a lot of internal focus and investment," says Albert Smith Jr.
Pricing services differently to private banking clients is one way of giving them special treatment," notes a recent survey by Trans Data, a research and consulting company in Wayne, PA.
Global Banking News-March 24, 2014--Global Banking and Finance honours BMO Harris Private Banking
British finance magazine The Banker and industry magazine PWM Professional Wealth Management have named the Erste Bank Oesterreich the best for private banking, with the Austrian bank tanking out the title for Best Private Bank in Austria as part of the Global Private Banking Awards 2013 .
Offshore Centres: 2012 Private Banking Handbook http://www.
NBAD Private Bank (Suisse), a wholly-owned private banking subsidiary of the National Bank of Abu Dhabi (NBAD), has acquired its premises, a prestigious building in Geneva.
Dubai: The board of NBAD Private Bank (Suisse), the private banking arm and wholly-owned subsidiary of the National Bank of Abu Dhabi (NBAD), has agreed to set to set up trade finance services in Geneva which will be operational from April 2008.