Best Private Banking Banks For Your Private Investment Banking Needs
Private banking is essentially special form of relationship banking provided by major banks such as Credit Suisse, UBS, JP Morgan and other similar institutions. The perception is that private banking is for the seriously wealthy ( with a $1,000,000 or more) and rightly so as this is still the case with some private banks. However, now, anyone with a five-figure sum to spare can net himself a private banker as competition increases in this sector of the market.
Private investment banking service includes advice on tax avoidance schemes, asset protection, offshore banking, financial planning, private wealth management, information on other investment opportunities all designed to make you even richer. This is a much better service than that offered by ordinary banks.
Although most major banks have both private banking and corporate banking departments, there are many dedicated private banks scattered in locations around the globe, needless to say, in tax havens (such as the Bahamas and Monaco) especially. Switzerland, however is the favorite location for private banking having over 30% share of all private and corporate offshore funds.
Which Is The Best Bank For Private Banking?
According to the Euromoney's annual private banking awards the following banks are the best (results released in January 2007) for net worth asset of $30 million or more.
