Private banking

<p>Private banking is a general description for <a href="/facts/Bank/l7VsKwas">banking</a>, <a href="/facts/Investment/VrMookcv">investment</a> and other <a href="/facts/Financial_services/azqCQelN">financial services</a> provided by banks and financial institutions primarily serving <a href="/facts/High-net-worth_individual/3BX8BkHc">high-net-worth individuals</a> (HNWIs) – those with very high income or substantial assets. Private banking is presented by those who provide such services as an exclusive subset of <a href="/facts/Wealth_management/h0RwN9Rd">wealth management</a> services, provided to particularly affluent clients. The term "private" refers to customer service rendered on a more personal basis than in mass-market <a href="/facts/Retail_banking/GtpapKUP">retail banking</a>, usually provided via dedicated bank advisers. It has typically consisted of banking services (deposit taking and payments), discretionary asset management, brokerage, limited tax advisory services and some basic <a href="/facts/Concierge/I3MpWueN">concierge</a> services, typically offered through a gateway provided by a single designated relationship manager.
</p>

Private banking open-in-new

Private banking