Private Wealth Management

Back to Index

Definition:

Private Wealth Management provides customized financial and banking services to private individuals with a minimum net worth. A bank’s private banking division offers select investment advice to wealthy clients on protecting and growing their present assets, tax planning, retirement planning, passing on wealth, and philanthropy. A team of bank advisers, including relationship managers, investment specialists, and product specialists, address the whole financial situation of their more affluent clients and afford more personalized customer service to them.