Private banking is a segment of the financial services industry that provides banking, investment and other financial services offered by banks and financial institutions primarily to high-net-worth individuals, those with very high income or substantial assets. It functions as an exclusive subset of wealth management, offering more personalized service than standard retail banking, typically delivered through a dedicated relationship manager. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
SectorWealth management for high-net-worth clients 1 FAQs
What services does a private bank offer?
Money management, lending and estate planning for high-net-worth clients.
According to Investopedia, private banking services include money management, strategies for business owners, real estate financing and custom lending solutions. The private banking team also offers retirement, succession and estate planning.
Connections
Companies In Industry
Source Wikipedia, Bordier & Cie
In Sector
Additional Source Wikipedia: Global Industry Classification StandardGICS: Asset Management & Custody Banks
Sources
1. Wikipedia, Private banking
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The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually provided via dedicated bank advisers.
Wikipedia: Global Industry Classification Standard
WikipediaIn Sector: Financials, GICS: Asset Management & Custody BanksView the Source Wikipedia, Bordier & Cie
Companies In Industry: Bordier & Cie, Infobox, industry fieldView the Source Reader Challenges (0)
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