What is a private bank?

Private banks have never been defined exactly. Generally speaking, it is a kind of financial service from cradle to grave, and it is a highly personal service specially provided for the rich.

It is necessary to tailor investment and wealth management products according to customers' needs, provide all-round investment and financing services for customers' investment enterprises, and provide education planning, immigration planning, reasonable tax avoidance, trust planning and other services for the rich and their families and children.

According to the service classification of western banking:

1, a public bank, does not limit the asset size of customers;

2. It is an influential banking industry with customer assets exceeding $654.38 million;

3. It is a private bank, requiring its clients' assets to be above $654.38+00,000;

This is a family office, which requires clients' assets to exceed $80 million. Of course, the minimum financial assets required by major international banks in different regions and different time periods are also slightly different.

For example, the threshold set by Goldman Sachs for private banking customers in Hong Kong and Macao is $6,543,800,000, while the minimum threshold set by HSBC is $3,000,000, while UBS (the world's largest private banking asset) only requires financial assets of Chinese mainland customers in offshore account to be $500,000.

Extended data:

Private banking service is a kind of banking service, which serves the rich and provides personal property investment and management services for the rich. Generally speaking, you need to have at least $6,543,800+in liquid assets to apply for such services in larger international finance companies or banks.

The main services of private banks are asset management, investment planning, providing special services according to customers' needs, and saving tax and financial transaction costs for customers by setting up offshore companies and family trust funds. Therefore, private banking services often integrate financial services such as trust, investment, banking and tax consultation. The average annual profit rate of this service can reach 35%, which is much higher than other financial services.

In addition, through private banking services, customers can also get access to many stocks and bonds that ordinary people can't buy. Customers of private banking services can often have the opportunity to invest in some private limited companies and get many opportunities to buy IPOs first.

Baidu encyclopedia-private bank