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.

We should 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 and trust planning services for the rich and their families and children.

According to the service classification of western banking:

1, which is a public banking business and does not limit the asset size of customers;

2. It is an influential bank with customer assets exceeding 654.38 million dollars;

3. It is a private bank, requiring its clients' assets to be more than 654.38 million dollars;

This is a family office, which requires clients' assets to exceed $80 million. Of course, major international banks have slightly different minimum requirements for financial assets in different regions and different time periods.

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

Extended data:

Private banking service is a kind of banking service, facing the rich and providing personal property investment and management services for the rich. Generally speaking, you need at least $654.38 million in liquid assets to apply for such services in larger international finance companies or banks.

The main services of private banking 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 combine 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 obtain many stocks and bonds that ordinary people can't buy. Customers of private banking services can usually have the opportunity to invest in some private limited companies and get many opportunities to buy IPOs first.

Baidu encyclopedia-private bank