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 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.
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