Private banking refers to personalized financial services offered to high-net-worth individuals (HNWIs). It goes beyond regular banking, focusing on wealth preservation, bespoke investment strategies, and legacy planning.
Services typically include portfolio management, tax advisory, estate planning, and access to exclusive financial products. Most private banks require a minimum investable asset of USD 1–5 million.
Private banking is suitable for individuals with complex financial needs, including entrepreneurs, executives, and multi-generational families.
FAQs:
Q: Is private banking the same as wealth management?
A: They overlap, but private banking usually includes broader concierge and relationship services.
User Comments:
- “We needed more than just investment advice—our bank helped with global asset structuring.”
- “The one-on-one relationship makes a real difference in decision-making.”
Editor’s Note:
Private banking is not just about returns—it's about strategy, protection, and long-term goals.